http://www.politico.com/story/2013/05/private-equity-tries-for-2014-redo-92001.html?hp=t2_3
not exactly hoping for failure but if it happens i will applaud.
After Mitt Romney’s 2012 train wreck, you might think the private equity industry would want to stay far, far away from electoral politics.But at the outset of the 2014 cycle, something like the opposite has happened. In a handful of top Senate and gubernatorial races, private equity executives have already lined up to run and vowed not to repeat the mistakes of the Romney debacle.
In Romney’s home state of Massachusetts, former private equity executive Gabriel Gomez nabbed the Republican nomination for Secretary of State John Kerry’s old Senate seat. Halfway across the country in Illinois, former GTCR chairman Bruce Rauner is the frontrunner for governor on the Republican side.In Minnesota, a leading GOP gubernatorial candidate is Scott Honour, a former senior executive at the Gores Group private equity fund – while Twin Cities financier Mike McFadden, not a PE guy but a veteran of Lazard’s mergers-and-acquisitions branch, is also gearing up to run for Senate.
is there a new Bain in the making or same game with another name, you got the usual suspects?
n nearly every case, the candidates and their strategists, as well as finance industry leaders, said Romney has provided a useful blueprint on hownot to run for office as a private equity executive.The former Massachusetts governor and co-founder of Bain Capital was torn apart in 2012 by Democratic attacks on his wealth, his personal investments overseas and his deep connections to a company implicated in a string of layoffs and bankruptcies. And the shellacking didn’t just sully Romney’s image - it cast a pall on an entire industry through months of negative headlines and jokes by late-night comics.Just as bad, Republicans say, is how poorly Romney defended and sold his background in business. Advisers to the 2014 generation of PE candidates say that Romney failed to educate voters about the real role of private equity in the financial system, instead making an unconvincing argument that the industry is all about job creation. Romney largely failed to present a positive account of his time in finance; when he pushed back on the Obama campaign’s attacks, he did so feebly and too late.
he did educate us to the real role of private equity it's rape, pillage take themoney and run. there was no positive time when and after he was there you've seen the stories people begging Bain and sending him mail asking him to intervene and stop the stripping of their lives, which he ignored so yes we know and won't forget.
any company taking cues from him and his agenda if they have dealings with the people don't think they'll make it like he did before we knew of the clandestine efforts to get money and profit, for them.
just a ps to those who like the blueprint he loss big time and in shame go ahead hitch that wagon, wonder how long the wheels will stay on?
