Slideshow: Bain’s Biggest BustsMay 18th, 2012 4:30 pm Henry Decker
The central thesis of Mitt Romney’s presidential campaign is the argument that his business experience has left him uniquely well-prepared to run the American economy and spur job growth.
“In the business I had, we invested in over 100 different businesses and net-net, taking out the ones where we lost jobs and those that we added, those businesses have now added over 100,000 jobs,” Romney has said.
Although fact checkers have debunked Romney’s 100,000 jobs claim, it is true that some of the companies that Bain invested in — such as Staples and The Sports Authority — have prospered. Many others have not. In fact, according to The Wall Street Journal, 22 percent of the businesses that Bain invested in during Romney’s tenure went bankrupt within 8 years
Here are 6 of the companies that suffered major job losses under Bain’s leadership: