Word: bains
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Dates: during 2000-2009
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...started in pinstripes, most notably as the founder of the private equity firm Bain Capital. His eye for markets—invisible to conventional wisdom—spurred him to back hopeless startups like Staples, Domino’s Pizza, and Sports Authority. CEO Romney grew an initial $37 million and seven-person staff to an impressive $4 billion and 115-person staff. During his fourteen-year tenure, Romney averaged an annual internal rate of return on realized investments of 113 percent...
...robber baron” to some. When Romney ran against Sen. Edward M Kennedy ’54-’56 (D-Mass.) in 1994, Kennedy skewered the newbie with TV ads blasting Romney over an Indiana company’s layoffs prompted by then owner, Bain Capital. (Romney was on leave from Bain during the firings...
...dead by a council of alumni of the Class of 1967. The coronary report seems to indicate a deadly tonic of apathy, greed, self-interest, and postmodern irony. But perhaps the biggest threat to Harvard’s political vibrancy isn’t lurking in the hallways of Bain Capital Group or in the sinister transmissions of Stephen Colbert. Perhaps the cause of death was not murder, but suicide. The guilty party? A group nominally committed to “engaging young people in politics and public service:” the insidiously-named Institute of Politics...
...decide to brave the stores the day after Thanksgiving for the traditional early-bird specials may not be in a spending mood. Americans are facing higher food, gas and energy prices this year, expenses that make up close to 20% of the typical consumer budget, according to Bain & Company's retail holiday report. And many people are feeling the pinch from the continuing credit crunch, including higher mortgage costs and the depreciation in home values. "Consumers have the highest debt they have ever had with 24 months of negative savings," says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national...
...Romney told theWall Street Journal last week that if he is elected President, he will "probably" hire McKinsey, the management-consulting firm, to tell him how to reorganize the government. "I'm not kidding," he said, tactfully adding that it might be another management-consulting firm such as Bain (where Romney worked for years and where he got rich) or the Boston Consulting Group. Or he just might call on Jack Welch, who retired years back as CEO of General Electric but has yet to be replaced in the Lee Iacocca Chair as America's semiofficial Business...