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Private Equity

In the 2012 Presidential Election, How Important - for Better or for Worse - Is Mitt Romney's Track Record at Bain Capital?

Peter Smirniotopoulos | Posted 07.22.2012 | Politics
Peter Smirniotopoulos

In order to understand Romney's reliance on his Bain Capital experience, one must also gain an understanding about how private equity works, the prevailing general ignorance about which has, thus far, benefitted the Romney campaign.

Romney, Bain and the Great Republican Scam

Sanjay Sanghoee | Posted 07.22.2012 | Politics
Sanjay Sanghoee

To put it very simply, Republicans may say that they are for economic growth and job creation but what they are really for is wealth creation for a privileged few.

Romney's Bain in the Ass

Andy Ostroy | Posted 07.22.2012 | Politics
Andy Ostroy

Mitt Romney's running for president on one central campaign theme: that he's the savvy business guy whose tenure at private equity firm Bain Capital in the 1980's and 90's has made him a job-creator while President Obama is a job-cutter.

Romney Adviser: Bain Capital Record Is 'Fair Game'

The Huffington Post | Jon Ward | Posted 05.22.2012 | Politics

Former New Hampshire Gov. John Sununu told reporters Tuesday that Mitt Romney's business record should be examined, but denounced President Obama's re...

Mitt Romney, Bain Capital, and Tony Soprano

Michael Takiff | Posted 07.21.2012 | Politics
Michael Takiff

We know Mitt Romney believes in one thing: making money. We also know that he made tons of it -- not all his fortune, but not a trivial portion of it, either -- by immoral means.

Private Equity Firms Pushing Dentists To Detrimentally Overtreat Patients

The Huffington Post | Bonnie Kavoussi | Posted 05.18.2012 | Business

A crown on a four-year-old's tooth? That's just one of the consequences of private equity's leap into the dentist's chair. That's because dental m...

Private Equity Investors Should Look to Environmental and Social Sustainability

Lars H. Thunell | Posted 07.15.2012 | Business
Lars H. Thunell

Given the long-term nature of equity investments, it is in the self interest of the private equity industry as a whole to embrace the Equator Principles. Some large private equity firms are hiring dedicated sustainability officers.

Private Equity Hearts Oil

The Huffington Post | D.M. Levine | Posted 05.07.2012 | Business

Private equity loves oil and gas. The money private-equity firms spent on deals in the oil-and-gas industry reached at least a 20-year high in the...

Romney's 'Business Model' Is Bad for America

Sanjay Sanghoee | Posted 07.06.2012 | Business
Sanjay Sanghoee

If you relish the idea of electing someone who has made money through a business model that, in many instances, destroys value and has negative repercussions for our economy, then Romney is your man.

Bloomberg Businessweek Pulls a Bait and Switch

Yvette Kantrow | Posted 07.04.2012 | Media
Yvette Kantrow

The story is less about private equity -- big or small -- and more about bringing efficiency to manufacturing, a standard practice in corporate America, particularly after a merger. That's supposed to be good, right?

Mitt Romney's Partner in Crime: Ed Conard's Unintended Consequences

Dean Baker | Posted 07.02.2012 | Books
Dean Baker

It's standard practice during the election campaign for presidential candidates to publish an autobiographical account of their rise to stardom or their philosophy of life and politics. It seems that Mitt Romney has outsourced this task to Ed Conrad, one of his former partners at Bain Capital.

D.M. Levine

Private Equity Doing Just Fine, Thanks | D.M. Levine | Posted 04.16.2012 | Business

The boom times are back, sort of, for private equity, but don't break out the champagne just yet. More companies backed by private equity went publ...

Thanks To BofA You Can Now Buy Foreclosed Homes In Bulk

Reuters | Posted 06.12.2012 | Business

By Matthew Goldstein and Jennifer Ablan NEW YORK, April 12 (Reuters) - For the second time in five months, Bank of America is tapping ...

IPO Boom Hits Speed Bump

The Huffington Post | D.M. Levine | Posted 04.12.2012 | Business

A mini-boom in the IPO market seems to have hit a mini speed-bump. The first quarter of this year was the busiest for initial public offerings sin...

How Did Mitt Make So Much Money and Pay So Little in Taxes?

Robert Reich | Posted 06.12.2012 | Politics
Robert Reich

2012-04-12-Screenshot20120412at8.18.38AM.jpgThe magic of private equity reveals a lot about how and why our economic system has become so distorted and lopsided -- and why all the gains are going to the very top.

D.M. Levine

Two More Private Equity Firms Ready To Go Public | D.M. Levine | Posted 04.11.2012 | Business

Two more private equity companies are going public, as a once-secretive industry continues to make its way into the sunlight. Carlyle Group, the th...

Dan Froomkin

Dems Target Romney's Tax Loophole | Dan Froomkin | Posted 04.09.2012 | Politics

WASHINGTON -- A tax dodge that millionaire hedge fund managers use to slash their income taxes could soon become a major election issue, as congressio...

Private Equity Firm Buys 5 Homes Per Day In Race For 'Awesome' Profits

The Huffington Post | Jillian Berman | Posted 04.03.2012 | Business

It’s a landlord's market and financial firms are taking advantage. One private equity firm, Waypoint Real Estate, is buying about five foreclose...

Every Time A Bank Shrinks, Another Private Equity Firm Gets Its Wings

D.M. Levine | Posted 03.22.2012 | Business

As banks keep shrinking, private equity keeps growing. A subsidiary of Bain Capital, the private equity firm Mitt Romney helped found, has agreed t...

The Incredible Shrinking Bank

The Huffington Post | D.M. Levine | Posted 03.21.2012 | Business

Bank of America just keeps on shrinking. The bank, once the biggest in the U.S. by assets and now second to JPMorgan Chase, will sell its Irish cre...

Romney's Former Industry Has An Image Problem

The Huffington Post | D.M. Levine | Posted 03.13.2012 | Business

Try as it might, the private equity industry hasn't won the hearts and minds of average Americans. More than half of Americans say they have a neg...

Jason Linkins

Mitt Romney Gets Suddenly Squishy On Carried Interest | Jason Linkins | Posted 03.07.2012 | Politics

Over at Business Insider, Linette Lopez catches 2012 presidential aspirant Mitt Romney on CNBC, sending messages on one of his favorite tax-breaks-for...

D.M. Levine

This CEO Made How Much Last Year? | D.M. Levine | Posted 03.05.2012 | Business

How much did private equity chief Stephen Schwarzman make last year? Depends who you ask. The Wall Street Journal and Reuters both reported that S...

Dan Froomkin

Big Donors To Mitt Romney's Super PAC Could Reap Many Dividends | Dan Froomkin | Posted 03.01.2012 | Politics

WASHINGTON -- One thing's for certain about most of the biggest donors bankrolling the main pro-Mitt Romney super PAC: They are canny investors. Pr...

Obama Tax Plan Would Raise Taxes On Investment Managers

The Huffington Post | D.M. Levine | Posted 02.22.2012 | Business

Part of the tax proposal announced by the Obama administration on Wednesday would shut down a controversial loophole that allows hedge fund managers a...