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Questions for Candy Crowley
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- Posted October 16, 2012 by
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Location
Little Rock, Arkansas
Little Rock, Arkansas
Assignment
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How many jobs did Mr. Romney create at Bain?
It's well documented that Bain acquired 77 companies during Mr. Romney's tenure through a technique known as leveraged buy out - a technique where the risk is capped at one times the investment, but the reward is not capped.
67 of the buy-outs lost money relative to the overal market.
10 of the buy-outs made a great deal of money.
4 of these winners subsequently went bankrupt.
All of the above is documented. But, the number of new jobs created at these companies is not documented.
So, comparing the number of US-based employees in each of the 77 companies on the day of its buy-out and the number of US-based employees 24 months after Bain sold its investment, how many net jobs did Mr. Romney's firm create?
67 of the buy-outs lost money relative to the overal market.
10 of the buy-outs made a great deal of money.
4 of these winners subsequently went bankrupt.
All of the above is documented. But, the number of new jobs created at these companies is not documented.
So, comparing the number of US-based employees in each of the 77 companies on the day of its buy-out and the number of US-based employees 24 months after Bain sold its investment, how many net jobs did Mr. Romney's firm create?
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