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John Cronin

Let Detroit Go Bankrupt

March 30th, 2009 | Comments Off | Posted in Bailout, Bain, Bain Capital, Business Acumen, Detroit, Mitt Romney

Do we even need to say “We told you so?”

CEO Waggoner is gone, they are talking pre-packaged bankruptcy, Larry Kudlow at CNBC is going ballistic over the need to restructure the auto industry’s cost structure and lo and behold, Mitt Romney looks like a rocket scientist because he flat out nailed it in his Op-Ed piece in the NYT, that goes back to November of last year.

As you now, we are all unabashed Mitt Romney partisans here at Committed to Romney and today’s developments clearly demonstrate why that is so.

~~John Cronin~~

The New York Times

Op-Ed Contributor

By: Mitt Romney

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.

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Mike Laub

The Bain of Romney’s Existence

January 25th, 2008 | 2 Comments | Posted in Bain, Bain Capital, Mitt Romney, New To Romney

I wanted to put together the most informative blog post on the internet about Mitt Romney and Bain. If I missed any good tidbit (links, photos, videos, ext.) just tell me and I’ll update this post.

Prior to his Olympic service, Mitt Romney enjoyed a successful career helping businesses grow and improve their operations. From 1978 to 1984, Mr. Romney was a Vice President at Bain & Company, Inc., a leading management consulting firm. In 1984, Romney founded Bain Capital, one of the nation’s most successful venture capital and investment companies. Bain Capital helped guide hundreds of companies on a successful course, including Staples, Bright Horizons Family Solutions, Domino’s Pizza, Sealy, Brookstone, and The Sports Authority. He was asked to return to Bain & Company as CEO several years later in order to lead a financial restructuring of the organization. Today, Bain & Company employs more than 2,000 people in 25 offices worldwide.

How Mitt Romney Saved Bain & Company
Governor Romney’s message of strengthening America’s economy not only in the short term but also in the long run, as we face increased competition from Asia, has really resonated with voters. This video shows Governor Romney’s business colleague, Kelt Kindick, describing how Mitt rescued Bain & Company, a consulting firm that was on the verge of collapse. Kindick later served in Gov. Romney’s administration as the Massachusetts’ CFO.

“Searched”
Robert Gay, a former business partner of Governor Romney, recounts the story of his daughter who disappeared in New York City in the summer of 1996. When no one could find her, Governor Romney and his colleagues stepped forward and closed down their company in Boston, Bain Capital. Together, they headed to New York City to aid the search. Spreading out across the city, they set up command centers, combed through neighborhoods, passed out fliers and drew media attention to the case. Through their efforts, Robert Gay was reunited with his daughter. This ad is their story.

Greg Brenneman On Mitt Romney
Greg Brenneman recalls Mitt Romney from their days together at Bain Capital.

“Business World”

Cramer On Being Interviewed By Governor Romney
CNBC’s Jim Cramer recalls being interviewed by Gov. Romney more than twenty years ago.

Jim Cramer: Romney “Best Business Man In North America”

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Mike Laub

CNN On Gov. Romney’s Resume

January 19th, 2008 | Comments Off | Posted in Bain, Resume, Romney

CNN’s Ali Velshi believes Gov. Romney’s background in business and the Olympics helped propel him to victory in the Nevada caucus.

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