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Romney Persona Non Grata in Italy for Bain’s Deal Skirting Taxes – Bloomberg August 8, 2012

Posted by sandyclaus in Politics.
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That’s because Bain Capital, under Romney as chief executive officer, made about $1 billion in a leveraged buyout 12 years ago that remains controversial in Italy to this day. Bain was part of a group that bought a telephone-directory company from the Italian government and then sold it about two years later, at the peak of the technology bubble, for about 25 times what it paid.

via Romney Persona Non Grata in Italy for Bain’s Deal Skirting Taxes – Bloomberg.

 

<<Temp Politics category active with this one. I’ve been thinking about consolidating my RW violence links here.>>

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