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December 19, 2011


Romney Still Getting Paid by Bain Capital

Though Mitt Romney retired from Bain Capital 13 years ago, the New York Times reports he's still receiving big checks from the investment firm he helped start.

"In what would be the final deal of his private equity career, he negotiated a retirement agreement with his former partners that has paid him a share of Bain's profits ever since, bringing the Romney family millions of dollars in income each year and bolstering the fortune that has helped finance Mr. Romney's political aspirations. The arrangement allowed Mr. Romney to pursue his career in public life while enjoying much of the financial upside of being a Bain partner as the company grew into a global investing behemoth."












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