Bain Capital, the buyout firm started by Mitt Romney, specialized in buying companies, saddling them with debt

and selling the investments for huge profits. Bain Capital made more than half a billion dollars off buyouts that killed more than 17,000 jobs. Several of the companies Bain bought ultimately went bankrupt.
Company Stage Stores Ampad GS Industries Dade International DDi Corp Damon Laboratories Modus Media Alliance Laundry Systems Stream International Mothercare Gold Medal Handbag Holdings Industry
clothing retailer paper products steel lab equipment circuit boards medical diagnostics supply management appliance manufacturer call centers clothing retailer furniture maker handbag maker

Bain invest 2 1988 3 1992 7 1993 5 1994 9 1997 13 1990 16 1998 1998
19

Bain profit 2 $95,000,000 4 $107,000,000 2 $5,000,000 1,12 $140,000,000 10 $95,500,000 14 $7,400,000 Unknown $74,400,000
20

Jobs killed 1 5,460 5 385 8 750 5 900 11 2,100 15 116 17,18 1,300 515
21,22,23,24

Bankruptcy 2 2000 6 2000 8 2001 8 2002 11 2003 $524,300,000 17,355 $30,211

1999 31 1991 Unknown 31 1988

25

Unknown Unknown Unknown Unknown

4,304 3 1,056 3 263 3 206

3,26,27,28,29,30

Known Bain profit Jobs killed Bain profit/job killed SOURCES 1. See attached methodology. 2. "Ad-Mitt mistakes: Romney's past is more a working class zero," NY Post, 2/19/11 3. "And Mitt's claims may mislead," Boston Herald, 10/5/94 4. Democrats Revisit Labor Deal That Hurt Romney In 1994, The Associated Press, 10/22/02 5. "Romney changes tune on layoffs," Politico, 1/18/08 6. "American Pad & Paper Receives Court Approval," Business Wire, 9/20/00 7. "GS Industries Major Player After Producers Approve Merger," Charleston Post & Courier, 10/6/95 8. "Shutdown is End of an Era," Kansas City Star, 2/8/01; 9. "Bain Capital Acquires Majority Ownership of Details Inc.," 11/18/97 10. "C.E.O. of the U.S.A., Part 2," New York Times, 7/20/11 11. "Dissecting DDi," Orange County Register, 8/26/03 12. A case study in profits and job losses, Boston Globe, 11/26/09. Bain and Goldman Sachs invested a combined $85 million in Dade, later making a $280 million profit. This table assumes a 50/50 split between Bain and Goldman Sachs on the initial investment. 13. "Romney-aided deal closed Damon plant," Boston Globe, 10/9/94 14. "Romney profited on firm later tied to fraud," Boston Globe, 10/10/02 15. "Stormin' Mormon," The New Republic, 11/7/94 16. "Net Technology Yields Midstream Split for Donnelley," High Tech, 1/5/98 17. Modus Media press release, 3/25/98 18. Modus Media press release, 7/12/04 19. ALC press release, 5/5/98 20. "OT Buys Pet-Food Maker," Daily Deal, 8/30/05 21. "Laundry Plant Shutdown to Cost 250 to 300 Jobs," Associated Press, 10/5/99 22. "Company Shrinks Work Force," The Cincinnati Enquirer, 6/8/00 23. "After Layoff, Alliance Brings Jobs From Kentucky Plant," Associated Press, 10/6/99 24. "Alliance Laundry Phasing Out Operations at Marianna Plant," Panama City News Herald,

10/19/05 25. "Selectron to Buy Bain Capital Unit," Daily Deal, 9/25/01 26. "Stream Picks Richardson for Consolidated Offices," Dallas Business Journal, 7/16/04 27. "Silver City Getting New Call Center," Associated Press, 12/29/05 28. "Dialing Up Call Centers," Fedgazette, 5/1/04 29. "Stream International Closes, Lays Off 354," Dallas Business Journal, 10/3/03 30. "Beaverton Jobs Bound for B.C.," The Oregonian, 4/7/04 31. "A closer look at Mitt Romney's job creation record," Los Angeles Times, 12/3/11

BAIN CAPITALS RELATIONSHIP WITH STAGE STORES Bain Capital invested in Stage Stores in 1988 for more than $300 million. At the time, separate companies named Bealls and Palais Royal were merged into a holding company called Specialty Retailers. [1] The Bain-owned company had an IPO in 1996 [2] and Bain and Acadia, another VC investor, sold 24 percent of the companys shares in 1997. [3] Stage Stores closed 31 locations in 1999. [4] Stage Stores filed for Chapter 11 bankruptcy in 2000 [5] and closed 241 stores after a court-approved restructuring. [6] Stage had 648 stores [4] and 14,680 employees [7] before filing for bankruptcy (an average of 22.65 employees per store). At the pre-bankruptcy employee/store ratio, closing 241 stores killed an estimated 5,460 jobs. SOURCES [1] Bealls, Palais Royal sold to Boston group, United Press International, 12/30/88 [2] Business briefs, Houston Chronicle, 10/26/96 [3] Business briefing, Rocky Mountain News, 8/28/97 [4] After board inquiry, CEO of Houston-based apparel retailer departs, Houston Chronicle, 2/23/00 [5] Parent of Bealls files Chapter 11, Dallas Morning News, 6/3/00 [6] Stage announces additional 121 closings, Associated Press, 12/29/00 [7] Sperry's owner files for bankruptcy protection, Port Huron Times Herald, 6/3/00 [8] "Ad-Mitt mistakes: Romney's past is more a working class zero," NY Post, 2/19/11 [9] "And Mitt's claims may mislead," Boston Herald, 10/5/94 [10] "Democrats Revisit Labor Deal That Hurt Romney In 1994," The Associated Press, 10/22/02 [11] "Romney changes tune on layoffs," Politico, 1/18/08 [12] "American Pad & Paper Receives Court Approval ," Business Wire, 9/20/00 [13] "GS Industries Major Player After Producers Approve Merger," Charleston Post & Courier, 10/6/95

[14] "Shutdown is End of an Era," Kansas City Star, 2/8/01 [15] "Bain Capital Acquires Majority Ownership of Details Inc.," Business Wire, 11/18/97 [16] C.E.O. of the U.S.A, Part 2, New York Times, 7/20/11 [17] "Dissecting DDi," Orange County Register, 8/26/03