News:

Long overdue maintenance happening. See post in the top forum.

Main Menu

ROMNEY PUTS BIG MONEY BEHIND ABORTED FETUSES

Started by Teatownclown, July 02, 2012, 11:34:28 AM

Previous topic - Next topic

Teatownclown

QuoteRomney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show
And these documents challenge Romney's claim that he left Bain Capital in early 1999


Here's what happened with Stericycle. In November 1999, Bain Capital and Madison Dearborn Partners, a Chicago-based private equity firm, filed with the SEC a Schedule 13D, which lists owners of publicly traded companies, noting that they had jointly purchased $75 million worth of shares in Stericycle, a fast-growing player in the medical-waste industry. (That April, Stericycle had announced plans to buy the medical-waste businesses of Browning Ferris Industries and Allied Waste Industries.) The SEC filing lists assorted Bain-related entities that were part of the deal, including Bain Capital (BCI), Bain Capital Partners VI (BCP VI), Sankaty High Yield Asset Investors (a Bermuda-based Bain affiliate), and Brookside Capital Investors (a Bain offshoot). And it notes that Romney was the "sole shareholder, Chairman, Chief Executive Officer and President of BCI, BCP VI Inc., Brookside Inc. and Sankaty Ltd."

The document also states that Romney "may be deemed to share voting and dispositive power with respect to" 2,116,588 shares of common stock in Stericycle "in his capacity as sole shareholder" of the Bain entities that invested in the company. That was about 11 percent of the outstanding shares of common stock. (The whole $75 million investment won Bain, Romney, and their partners 22.64 percent of the firm's stockā€”the largest bloc among the firm's owners.) The original copy of the filing was signed by Romney.

Another SEC document filed November 30, 1999, by Stericycle also names Romney as an individual who holds "voting and dispositive power" with respect to the stock owned by Bain. If Romney had fully retired from the private equity firm he founded, why would he be the only Bain executive named as the person in control of this large amount of Stericycle stock?

http://www.motherjones.com/politics/2012/07/romney-bain-abortion-stericycle-sec

the company that hauls away all those aborted fetuses.....Obama in a landslide


Conan71

I like how the Obamites keep trying to shift the focus off President Obama's dismal job performance with all these Bain memes.

Hate to tell you, but this isn't the sort of thing which will get religious fundies to vote for the guy who suddenly is for gay marriage.  There's going to be a huge turn out against Obama. 

"No landslide for you in November!!"





"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

Hoss

Quote from: Conan71 on July 02, 2012, 12:04:21 PM
I like how the Obamites keep trying to shift the focus off President Obama's dismal job performance with all these Bain memes.

Hate to tell you, but this isn't the sort of thing which will get religious fundies to vote for the guy who suddenly is for gay marriage.  There's going to be a huge turn out against Obama.  

"No landslide for you in November!!"





Hate to tell you this, but even if he had GOOD job performance, those same people would have voted against him.

Just sayin'