Mitt Romney on Bain's plan to buy and "harvest" companies
September 27, 2012
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1:21Now PlayingMitt Romney on Bain's plan to buy and "harvest" companies
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as posted by the channelRead David Corn's story about this video
Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.
The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital. Here is the full clip, as it appeared on that CD-ROM (the editing occurred within the original).
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