Under Bain News Today

On Sept. 21, 1946, Harry and Joseph Kaufman opened a toy store at 70 Columbus Ave. in Pittsfield. KB Toys prospered, changed owners a few times and, by 2000, was one of the largest toy retailers in America, with more than 1,000 stores in malls across the country. That year, KB Toys was bought for $302 million by Bain Capital, a private equity firm headed by future Massachusetts Gov. Mitt Romney. Under Bain, the company borrowed heavily, used much of that money to pay Romney’s firm a large ...

Credit. theres one thing hes got at doing. thats making money. the problem for him is coming back to haunt him. heres the infamous picture of willard during his time at private equity firm bain capital. this week were learning his still making millions. under his retirement deal, he got up to $13 million from bain in the last year alone. but willard does not want us to know it. >> i can tell you we follow the tax laws, and if theres an student to save taxes, we, like anybody else in this country...

Are jnauseated. this is the only one out there right now. lets listen. >> ways a steel worker for 30 years. we add reputation for quality products. it was something american-made. and we werent rich. but i was able to put my daughter through college. >> a paying job that you could support and raise family on is hugely important. >> that stopped with the sale of the plant to bain capital. >> like a vampire. they came in and sucked the life out of it. >> like watching an old friend bleed to death....

It. apparently its the only one theyre talking about. lets listen. >> i was a steel worker for 30 years. it was something that was american made, and we werent rich, but i was able to put my and raise a family on. its hugely important. >>. >> its like watching an old friend bleed to death. >> whats wrong with the ad, governor? >> well, the vampire stuff is a little strong. when i said the tone of the ad, the other stuff is very legitimate because governor romney put on ads during prit marries ab...

The other stuff is verilied mat. romney put on ads that bain helped people get their jobs. this is fair game. i think the obama campaign should have stayed with that. that under bain, x number of companies went bankrupt. thats not the case for a lot of priefr at equity firms. it is for some but not for all. plenty of good grounds factually. but vampire, that got me as a little off in tone. but again, i think what john said is right. this is the central issue in the campaign and this is romneys c...