07-19-2012, 10:56 AM
I hope you all find this enjoyable. (http://www.scribd.com/doc/78582788/McCain-2008-Oppo-File)
07-19-2012, 01:04 PM
Haven't read entirely, but here's an interesting section:
* Romney spent most of his business career as CEO of private equity firm Bain Capital – as of June 2007 he maintained an investor’s stake in the company.
* Bain Capital has been criticized for relentless focus on bottom line at expense of workers and jobs.
* Romney describes himself as a “business legend” in his campaign ads and once said of himself: “I’m basically in the investor’s Hall of Fame.”
* Bain Capital and Bain & Co. employees donated at least $171,000 to Romney’s presidential campaign in Q12007 and gave tens of thousands more in support of his previous political activities.
* Bain Capital financed 1988 buyout with junk bonds issued by Drexel Burnham – when SEC filed charges against the firm and CEO Michael Milken, Bain Capital maintained their business relationship; Romney later reminisced about “the glorious days of Drexel Burnham.”
*In 2004, Bain & Co. received a multi-million dollar contract from the National Iranian Oil Company.
* Romney sat on board of directors of Bain portfolio company Damon Clinical Laboratories, which in 1996 was fined over $100 million for Medicare fraud committed during Romney’s tenure.
* Bain Capital owned company named Ampad that purchased an Indiana paper plant, fired its workers and offered to bring them back at drastically reduced salary and benefits – the firings became an issue in the 1994 Senate race when workers blamed Romney for their situation and appeared in Kennedy campaign ads.
* After Romney became governor, Bain Capital teamed up with Chinese appliance maker Haier Group in 2005 in effort to purchase Newton, IA-based Maytag Corp. and send jobs overseas.
* At least two Bain Capital companies – Stream International and Modus Media – focused on outsourced technical support services, expanding facilities abroad while contracting operations in the United States.
* Bain Capital operated steel company called GS Industries which went bankrupt in 2001 after years of labor strife, closing a plant in Kansas City and laying off over 700 workers.