Romney was recruited by several firms and chose to remain in Massachusetts to work for Boston Consulting Group (BCG), reasoning that working as a management consultant to a variety of companies would better prepare him for a future position as a chief executive.[52][56][nb 6] He was part of a 1970s wave of top graduates who chose to go into consulting rather than join a major company directly.[58] His legal and business education proved useful in his job[52] while he applied BCG principles such as the growth-share matrix.[59] He was viewed as having a bright future there.[52][60]
In 1977, he was hired away by Bain & Company, a management consulting firm in Boston that had been formed a few years earlier by Bill Bain and other former BCG employees.[52][59][61]
Bain would later say of the thirty-year-old Romney, "He had the
appearance of confidence of a guy who was maybe ten years older."[62] With Bain & Company, Romney learned what writers and business analysts have dubbed the "Bain way",[52][61][63] which consisted of immersing the firm in each client's business[52][62]
Private equity
For more details on this topic, see Bain Capital.
Romney was restless for a company of his own to run, and in 1983,
Bill Bain offered him the chance to head a new venture that would buy
into companies, have them benefit from Bain techniques, and then reap
higher rewards than consulting fees.[52][59]
He initially refrained from accepting the offer, and Bain re-arranged
the terms in a complicated partnership structure so that there was no
financial or professional risk to Romney.[52][62][71] Thus, in 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital.[64]
In the face of skepticism from potential investors, Bain and Romney
spent a year raising the $37 million in funds needed to start the new
operation, which had fewer than ten employees.[56][62][72]
As general partner of the new firm, Romney spent little money on costs
such as office appearance, and saw weak spots in so many potential deals
that by 1986, few had been done.[52] At first, Bain Capital focused on venture capital opportunities.[52] Their first big success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg
convinced Romney of the market size for office supplies and Romney
convinced others; Bain Capital eventually reaped a nearly sevenfold
return on its investment, and Romney sat on the Staples board of
directors for over a decade.[52][72][73]
I have no problem cutting and pasting, it is information. What lacks here on SG.
And removing someones merit because they have the ability to get an education is ridiculous... It's like saying well he didn't built it because he had lived with his mom and dad at some point in his life... When does he get merit for actually making good decisions? Where does the buck stop?
Maybe liberals will be happy if he had built Bain Capital if he had lived in a cave somewhere in the middle of Africa? Or if Obama actually studied anything that had to do with business? hmm...
And just because you go to college doesn't mean you will have entrepreneurial drive
Perfect example. George W. Bush... He inherited his parents oil company, he didn't necessarily expand to something else or became something else aside from a Governor and then went on to becoming President. (rings a bell- sort of like Obama. A teacher a lawyer. A clue less person in regards to how to get an economy up and running)
All businesses need start up capital, but you can't deny people the right of giving money to something that attracts money, that is the law of the land. Nobody is going to give money where there is a slim chance of getting a return. Where would you prefer to invest your money in the 1990's, perhaps you would've preferred Microsoft over something like Linux, or you would've wanted to invest your money in something like Google in the early 2000's over something like Altavista... At the end of the day it is business, and people are out to make a profit. You cannot become envious or say he had it lucky, he did what he could within his own capabilities and you can't ask for more, whether you're poor or rich.
I'm not a huge fan of Romney but you gotta give him merit for his business ethics. Even Obama can't deny him that.
haven't you heard? the latest right wing myth is that ARPAnet wasn't really the internet, so the government had nothing to do with creating the internet! talk about horses that won't dressage.
the attacks would make more sense maybe if romney could find even ONE spokesperson for his ads who wasn't a recipient of government contracts. his campaign is incompetent.
Let's discuss why the path you are trying to go down is stupid. 1. Roads are actually constructed by private companies. So are schools. 2. The government only serves as a middle man for the entire thing. They collect the funds and give them to those private companies.3. The internet was a military project. The expansion, speed improvement, maintenance, and usefulness are all thanks to private industry. Saying the government invented the internet is like saying Alexander Graham Bell invented the iPhone or that Charles Baggage invented the microprocessor.4. The government shut down NASA because they felt private industry is better suited to take us into space. Just like Obama and progressives to try and take credit for other's work, and use other people's money to pay for it.
Comments
i still have strong faith in his genetics, stand by my firm stance that romney has not built romney.
but i'm sure if he could he would. cause he's so hardcore that way (but not really chill out libz. i don't cur)
Romney was recruited by several firms and chose to remain in Massachusetts to work for Boston Consulting Group (BCG), reasoning that working as a management consultant to a variety of companies would better prepare him for a future position as a chief executive.[52][56][nb 6] He was part of a 1970s wave of top graduates who chose to go into consulting rather than join a major company directly.[58] His legal and business education proved useful in his job[52] while he applied BCG principles such as the growth-share matrix.[59] He was viewed as having a bright future there.[52][60]
In 1977, he was hired away by Bain & Company, a management consulting firm in Boston that had been formed a few years earlier by Bill Bain and other former BCG employees.[52][59][61] Bain would later say of the thirty-year-old Romney, "He had the appearance of confidence of a guy who was maybe ten years older."[62] With Bain & Company, Romney learned what writers and business analysts have dubbed the "Bain way",[52][61][63] which consisted of immersing the firm in each client's business[52][62]Private equity For more details on this topic, see Bain Capital.
Romney was restless for a company of his own to run, and in 1983, Bill Bain offered him the chance to head a new venture that would buy into companies, have them benefit from Bain techniques, and then reap higher rewards than consulting fees.[52][59] He initially refrained from accepting the offer, and Bain re-arranged the terms in a complicated partnership structure so that there was no financial or professional risk to Romney.[52][62][71] Thus, in 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital.[64] In the face of skepticism from potential investors, Bain and Romney spent a year raising the $37 million in funds needed to start the new operation, which had fewer than ten employees.[56][62][72] As general partner of the new firm, Romney spent little money on costs such as office appearance, and saw weak spots in so many potential deals that by 1986, few had been done.[52] At first, Bain Capital focused on venture capital opportunities.[52] Their first big success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies and Romney convinced others; Bain Capital eventually reaped a nearly sevenfold return on its investment, and Romney sat on the Staples board of directors for over a decade.[52][72][73]
-------
Sounds like his daddy built it(nice cut&paste from WP, BTW.)
And removing someones merit because they have the ability to get an education is ridiculous... It's like saying well he didn't built it because he had lived with his mom and dad at some point in his life... When does he get merit for actually making good decisions? Where does the buck stop?
Maybe liberals will be happy if he had built Bain Capital if he had lived in a cave somewhere in the middle of Africa? Or if Obama actually studied anything that had to do with business? hmm...
And just because you go to college doesn't mean you will have entrepreneurial drive
Perfect example. George W. Bush... He inherited his parents oil company, he didn't necessarily expand to something else or became something else aside from a Governor and then went on to becoming President. (rings a bell- sort of like Obama. A teacher a lawyer. A clue less person in regards to how to get an economy up and running)
I'm not a huge fan of Romney but you gotta give him merit for his business ethics. Even Obama can't deny him that.
I guess some just think its best to let big brother take care of everything.
Bigot.
lol
and can i kind of jump ahead in line, i don't really like the idea of sloppy 2349296's
the attacks would make more sense maybe if romney could find even ONE spokesperson for his ads who wasn't a recipient of government contracts. his campaign is incompetent.
1. Roads are actually constructed by private companies. So are schools. 2. The government only serves as a middle man for the entire thing. They collect the funds and give them to those private companies.3. The internet was a military project. The expansion, speed improvement, maintenance, and usefulness are all thanks to private industry. Saying the government invented the internet is like saying Alexander Graham Bell invented the iPhone or that Charles Baggage invented the microprocessor.4. The government shut down NASA because they felt private industry is better suited to take us into space.
Just like Obama and progressives to try and take credit for other's work, and use other people's money to pay for it.