In march 1999, shortly after Romney left BTO take over the troubled winter Olympics in salt Lake City, Brookside Capital Investors Inc., a Bain-related entity wholly owned by Romney, filed a report with the Securities and exchange commission that listed dozens of companies in which Brookside held a stake the previous quarter. the roster included investments in Singapore-based Flextronics International ($13 million) and Florida-headquartered Jabil Circuit Inc. ($41 million), two companies that were leaders in the fast-growing field of outsourcing electronics manufacturing and off-shoring production to low-wage countries. together, these two investments represented almost 10 percent of Brookside's $559 million portfolio. - More
Sunday, July 22, 2012
The Outsourcer in Chief
Romney apparently has his mitts on more outsourcing companies.
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