To understand the confusing conditions under which Mitt Romney left Bain Capital, you need to understand the unusual deal he struck when he was hired to run it. Bill Bain’s idea was simple. His firm, Bain & Co., was making lots of money by advising companies in exchange for fees. The fact that it was making money was proof that its staff understood what it took to make struggling companies successful.

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    Until recently, it seemed certain that Republican Mitt Romney’s political career ended with his 2012 defeat by President ... Ready to get unlimited access to all of WORLD’s member content? Get your risk-free, 30-Day FREE Trial Membership right now.
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    But what about a super-rich private equity founder? Although Mitt Romney could have made much more money if he had stayed in private equity instead of launching a career in politics, he still has a net worth upward of $250 million. As you would expect of a ...
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  • Mitt Romney must exploit Benghazi assault to trump Barack Obama on foreign policy
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    After the unending media coverage of the fiscal cliff throughout December 2012, it was a relief to everyone when a last-minute compromise was reached. In
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    The central role that innovation plays in driving economic growth is well known thanks to the pioneering work of Robert Solow (Nobel Prize Laureate in Economics in 1987).
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