By Matthew Rees
Friday, December 01, 2006
Mitt Romney, Massachusetts governor and Olympics savior, aspires to the White House. What does his background as a Bain consultant and hyper-successful venture capitalist tell us about how he'll perform? MATTHEW REES has the answers.
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and some of the most clever Romney art to date:
The episode highlights what would become the defining characteristic of Romney's career as a venture capitalist—and later as a government executive. He was willing to pursue—and analyze—data that others wouldn't bother to chase down. His dogged persistence paid off. During the 14 years Romney headed Bain Capital, the firm's average annual internal rate of return on realized investments was a staggering 113 percent. At that growth rate, a hypothetical $1,000 investment would grow to $39.6 million before fees. Few, if any, VC firms have ever matched Bain Capital's performance under Mitt Romney.
This article is one of the best 5 articles on about Romney. I consider myself an expert, but there were major things about Romney that I had not yet known in this Article.
I like the story were:
True to form, Romney became deeply immersed in crafting the health-care proposal. Moffit recalls that when he was asked to brief Romney, he found the tables turned. Romney was the one who gave Moffit the comprehensive PowerPoint presentation. "In 25 years of briefing elected officials and senior government executives, this was the first time I was the one who got briefed," Moffit says. "It was like being in a private class with a very high-energy professor, and Romney was the professor and I was the student."
I think that it is pathetic that "22 percent said they would not vote for an evangelical Christian; 14 percent would not support a Jewish candidate; and 9 percent, a Catholic candidate."