My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America's middle class.
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"Mitt Romney: What I Learned at Bain Capital", Wall Street Journal, 23 August 2012Mitt Romney
Well I'm not sure which ones you're talking about, but I can tell you the people who have looked at the charges that the Obama campaign comes out with, which is that somehow we outsourced jobs, they've said that those were false and misleading. That the ads are inaccurate. Some have given it multiple Pinocchios. The president keeps on trying to divert any attention he can from his failure to turn around the American economy, and that's what this campaign's about. But the president keeps on trying to find something about Bain which is simply not true. And I left Bain in February of 1999. People can point out how - I was in Salt Lake City for three straight years. I don't recall even coming back once to go to a Bain or management meeting. We were, I was out there running the Olympics and it was a full time job, I can tell you that.
Mitt Romney
In my lifetime, Mitt Romney is the most qualified leader I've ever seen run for the Presidency of the United States…Let's take him for a minute… Harvard Law School, Harvard MBA. Starts up Bain Capital, builds it… Bain gets in trouble sometime in 1990s, Mitt comes back to fix it… Bain Capital then has its best years ever. In '99, leaves, goes to the Olympics, I was involved in that… we were in deep trouble. They were losing money, they had a scandal… and then 9/11 comes and everyone wants to cancel it, we've got a big commitment. He goes out there, fixes it totally. Again, fixes that up, comes back, runs for governor, wins the governorship. The government [is in debt]. He gets it out and gets a surplus. Who!? We haven't had anybody do all these things! Do you think Richard Nixon did that? Do you think Bill Clinton had those credentials!? Certainly Barack Obama didn't have those credentials!.. I mean, come on! We've got a guy here who's a leader, that's demonstrated beyond anyone we've ever had! Great family. This is the…! We're the luckiest people in the world to have this guy there at this point in time.
Mitt Romney
So we started a new business called Bain Capital. The only problem was, while WE believed in ourselves, nobody else did. We were young and had never done this before and we almost didn't get off the ground. In those days, sometimes I wondered if I had made a really big mistake. I had thought about asking my church's pension fund to invest, but I didn't. I figured it was bad enough that I might lose my investors' money, but I didn't want to go to hell too. Shows what I know. Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him. That business we started with 10 people has now grown into a great American success story. Some of the companies we helped start are names you know. An office supply company called Staples – where I'm pleased to see the Obama campaign has been shopping; The Sports Authority, which became a favorite of my sons. We started an early childhood learning center called Bright Horizons that First Lady Michelle Obama rightly praised. At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.
Mitt Romney
The practice of creating chartered joint-stock companies of a modern type seems to have begun at the commencement of the seventeenth century; and the formation of the East India Company is one of the earliest, if not the very earliest, examples. At first, it appears, the 'joint stock' of the company was separately made up for each ship; perhaps for each voyage. But, in the year 1612 the Company made the momentous resolve to have one joint stock for the whole of its affairs, and thus inaugurated a new epoch. The East India Company, or Companies, (for there were two of them), were followed by the Hudson's Bay Company (1670), the existence of which was recognized by statute in 1707, and by the Bank of England and the notorious South Sea Company.
Edward Jenks
Romney, Mitt
Ronaldinho
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