Levin was ranting tonight about Obama appointing a former Bain employee to the “Director of the Office of Management and Budget”.
I see that he worked for Bain & Company, rather than Bain Capitol.
While Bain Capital was founded by Bain executives, the firm was not an affiliate or a division of Bain & Company but rather a completely separate company. Initially, the two firms shared the same offices and a similar approach to improving business operations. However, the two firms had put in place certain protections to avoid sharing information between the two companies and the Bain & Company executives had the ability to veto investments that posed potential conflicts of interest.[19] Bain Capital also provided an investment opportunity for partners of Bain & Company. Bain Capital’s original $37 million fund was raised entirely from private individuals in mid-1984.[18] The firm initially gave a cut of its profits to Bain & Company, but Romney later persuaded Bain to give that up.[20]
I’m sure that was meant to be a “gotcha” style tu quoque on Levin’s part, but it does not appear that these two companies are entirely one and the same.