TwitterFacebook

Former Bain Executive Said Romney Was Directly Responsible for Ampad Layoffs

“You can’t be CEO of Bain Capital and say, ‘I really don’t know’”
Politics • Views: 30,174

Andrew Kaczynski discovered a 2002 interview that sheds more light on the situation with Mitt Romney’s Bain Capital and the Ampad paper company, and it doesn’t make Romney look any better: Former Bain Executive: Romney Bears Blame for Ampad Layoffs.

According to a 2002 interview with former managing director of Bain Capital Marc Wolpow, Romney was directly responsible for Ampad’s layoffs. Wopow and a fellow Bain partner sat on the board of directors of Ampad, and were responsible with carrying out the Bain business plan that caused the layoffs.

“My job was to maximize the profits to Bain Capital’s partners from the Ampad transaction,” Wolpow told the Globe in 2002.

Wolpow said Romney was responsible for the business plan carried out by Bain in Indiana.”Mitt’s employees executed that transaction,” he said. “We carried out the business plan. He was CEO of the firm.”

”I reported directly to Mitt Romney … You can’t be CEO of Bain Capital and say, `I really don’t know what my guys were doing.”

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our end-of-the-year subscription special, and save 25% off the normal subscription price! For a limited time, one-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2014-12-15 2:06 pm PST

LGF User's Guide
Recent Pages
Randall Gross
Religious Right Falsely Claims Army Chaplain Was Punished Simply for Sharing His Beliefs
Another day, another phony outrage from the Religious Right. This time, the Family Research Council (FRC) and the American Family Association (AFA) are claiming that a U.S. Army chaplain was punished for simply sharing his faith at an official ...

4 hours, 24 minutes ago
Views: 97 • Comments: 0
Tweets: 0 • Rating: 0
FemNaziBitch
‘God Loves Women Who Have Abortions’: The Religious Abortion Advocates That History Forgot
The New York legislature had just failed to pass an incremental reform to the state's strict anti-abortion law, leaving the status quo in place. At that time, deaths resulting from illegal abortions accounted for 42 percent of New York ...

3 days, 19 hours ago
Views: 487 • Comments: 1
Tweets: 25 • Rating: 0
Rightwingconspirator
Blackmores Night-Christmas Music Olde And New At The Same Time
Spotify Youtube

4 days, 14 hours ago
Views: 245 • Comments: 0
Tweets: 0 • Rating: 1
Lumberhead
A History of Thugs
Civilization is imperiled. Demonic dark-skinned criminals exult in seizing property and security. Only a vanguard of brave uniformed officers can take them off the streets and restore order. It is 1835, and whites are finally confronting what Mark Twain ...

1 week, 3 days ago
Views: 686 • Comments: 0
Tweets: 1 • Rating: 1
Romantic Heretic
It’s Beginning To Feel A Lot Like Christmas
As always, Fairytale of New York makes me realize what time of the year it is.

1 week, 3 days ago
Views: 445 • Comments: 0
Tweets: 0 • Rating: 2
Dark_Falcon
The College Rape Overcorrection
This is the article I promised to post this morning. The quoted passage is from the second section, "2. An Overcorrection". We are told that one of the most dangerous places for a young woman in America today is a ...

1 week, 4 days ago
Views: 773 • Comments: 11
Tweets: 0 • Rating: 1
cinesimon
Charles Barkley and the Plague of ‘Unintelligent’ Blacks
theatlantic.com

1 week, 4 days ago
Views: 797 • Comments: 0
Tweets: 0 • Rating: 2
 Frank says:

If it can be conceived as music, it can be executed as music, and presented to an audience in such a way that they will perceive it as music: "Look at this. Ever seen one of these before? I built this for you. What do you mean, 'What the f*ck is it?' It's a goddam ETUDE, asshole."