Apartment Finder: Criminal Lawyers

Saturday, 8 December 2012

Criminal Lawyers

In 1990, facing financial collapse, Bain & Company asked Romney to return.[69] Announced as its new CEO in January 1991,[73][74] he drew a symbolic salary of one dollar[69] (remaining managing general partner of Bain Capital during this time).[73][74] He oversaw an effort to restructure Bain & Company's employee stock-ownership plan and real-estate deals, while rallying the firm's one thousand employees, imposing a new governing structure that excluded Bain and the other founding partners from control, and increasing fiscal transparency.[56][59][69] He got Bain and other initial owners who had removed excessive amounts of money from the firm to return a substantial amount, and persuaded creditors, including the Federal Deposit Insurance Corporation, to accept less than full payment.[87] Within about a year, he had led Bain & Company through a turnaround and returned the firm to profitability.[59] He turned Bain & Company over to new leadership and returned to Bain Capital in December 1992.[56][88][89]

Criminal Lawyers