All posts tagged "Bain Capital"

Former executives from Bain Capital, a company founded by presumptive Republican presidential nominee Mitt Romney, have been accused of firing six out of seven members of a management team for not belonging to the Mormon church.

Multimillionaire Republican presidential candidate Mitt Romney blasted former House Speaker Newt Gingrich on Monday for the way he made a living in recent years.

WASHINGTON (Reuters) - Using a practice that made him eligible for large tax deductions, Mitt Romney gave the Mormon church substantial stock holdings that he obtained through his private equity firm, according to documents filed with the government and to Romney associates.

Recent claims that the anti-Romney campaign ad, "King of Bain: When Mitt Romney Came to Town," is seriously flawed may lessen its impact on the Republican presidential primaries. A story at the Washington Post, however, adds fresh fuel to the fire by suggesting that Romney's actions when he ran Bain Capital were unscrupulous in ways having nothing to do with how many business he shut down or how many workers he fired.

Barack Obama's campaign has fired off a withering attack on Mitt Romney, branding the US president's likely election foe as a corporate raider who made money "hand over fist" by destroying jobs.

Speaking to reporters at Cherokee Trikes & More in Greer, South Carolina Thursday, Republican presidential candidate Mitt Romney dismissed criticism over his lack of transparency about the number of jobs that were created while he worked at Bain Capital.