Fundraiser Leder Apologizes to Romney

http://nakedphiladelphian.blogspot.com/2012/09/fundraiser-leder-apologizes-to-romney.html

Fundraiser Leder Apologizes to Romney

Marc Leder, whose home was the site of the infamous 47% Romney video, has apologized to the Republican presidential candidate for the lapse in security at the fundraiser. Before Mitt Romney spoke at the fundraiser, guests were reminded that Mitt Romney's comments were off the record. Those present were asked not to repeat his remarks to the press. Feder believes that the video was made by someone who was hired to work the party. He is in the process of narrowing down the suspects and is contemplating contacting law enforcement...

Leder claims not to be a Republican ideologue. He has always stressed that he is supporting Romney because he was the inspiration for Leder starting Sun Capital. Leaving Lehman and starting Sun Capital has been a good financial move for Leder.

Sun Capital now manages over $8 billion in capital, raising more than $6 billion for their last fund. Sun Capital buys companies that are financially distressed so it is not surprising that 20% of them have failed. The Inquirer has noted that his transactions in the Philadelphia area have not done very well. His purchase of Jevic Transportation has resulted in the loss of more than 1000 local jobs. Another local company, Aluminum Shapes, have moved many of their operations to Canada. The Manayunk Paper Mill was reorganized after bankruptcy. ...