Even though Romney almost certainly has influence at Bain Capital, he is not currently their official leader. Therefore, we can slam Romney with Sensata right and left and all he has to do to defuse it all is say, quite correctly, "I don't work there anymore. Why are you coming after me with this?"

How many other "Sensatas" did RMoney move to China under his leadership and how many American jobs were lost under his leadership at Bain?

peckerhead award for the decade.

ROMNEY IS STILL A MAJOR STOCK HOLDER AT BAIN. He still makes money off their craven deals.

then he will have no problem divesting himself of his ownership.

And disgorging the profits he made off of immoral strategies.

Right?

in fact, it is proportionate to how much they own, not one man one vote but one share one vote.

reputation initially, but the problem is that many Americans own stock funds that have investments that were managed this way. They benefitted from the offshoring but had no control, which is what RMoney will argue in this case.

We need to list out all the soulless, anti-American offshoring, the thievery of pension funds, he was Directly responsible for, that he cannot deny.

I agree that we need "list out all the soulless, anti-American offshoring, the thievery of pension funds, he was directly responsible for, that he cannot deny." But I say this is more than a short-term tarnishing of his reputation. The whole situation came about because of Bain's business model. Romney certainly had a huge part in creating and developing that business model and is continuing to benefit from it as a major stock holder while Bain continues with their Romney-created business model which strips and closes American businesses, puts Americans out of work and exports their jobs to China. That's way more than being some passive investor with no control. And don't forget, months ago some of those Sensata workers implored Romney to intervene but he did nothing to help them.

Then I don't see how this hurts him. What he did while he was there is.

It's his business model that Bain continues to use and Romney, as a major stock holder, continues to get money from Bain as it strips and closes American businesses, puts Americans out of work and ships American jobs to China. I see very well how this hurts him.

but I think that's a tougher point to drive home.

I just wish more of this shit would stick to Romney.

You can bet he's going to try to put in place policies to make it easy for his kind of vulture capitalism to extract profit from American companies and jobs.

Romney will profit from Sensata's move to China. That's what he does.

The people losing their jobs asked Mitt Romney to come talk to them during the Illinois republican primary thst took place during the late spring.

there seems to be an attempt to conflate it with less than credible information.

Well I have been looking for a photo and the only ones are of a plant in china so unless someone has a clear pic this part of the story my be bogus.

Romney doesn't own Sensata, nor does he have a controlling interest in Bain, so on those counts he is clean.

BUT, I think the conversation needs to move to/focus on the following:

Romney helped build Bain and their modus operandi can certainly be connected with him.
Romney claims he can create jobs. In fact the company he set up and ran creates plenty of jobs overseas.
Romney does indeed make some money from this whole fiasco as a minority share holder in Bain.
He knows damn well the tax breaks companies get when they outsource - he personally benefited from them. Contrast to his statement from the debate.

And then of course there is the general public's perception. I don't think it will play well.

Edited to add: Same thing with the 47% story. Mitt certainly fumbled his words, and I get that he didn't quite say what it seems like he said. But that's not what the public heard.

i lost two good paying jobs in my trade when firms like bain came to town. there`s well over 3000 people in my area that lost jobs to these vultures since the mid 80`s.

julian bond spoke last week,illinois senator durbin is speaking this tuesday,and big ed is coming. this is`t a trap . just like one hell of a lot of people here in northern illinois we have been screwed over by companies like bain for 20-30yrs.

these people stood up and decided to fight back...unfortunately not enough of us did that when other companies like bain stripped the companies of the last penny then closed the doors and moved to china.

According to one of the other GD threads.

Romney has as much as $2.25 million invested in three Bain funds with large stakes in eight other Chinese businesses, according to his 2012 candidate financial disclosure and other documents. Read the entire article. Sensata is part and parcel of the bigger picture:

From the NY Times:


That and other China-related holdings by Bain funds in which Mr. Romney has invested are a reminder of how he inhabits two worlds that at times have come into conflict during his campaign for the White House.

As a candidate, Mr. Romney uses China as a punching bag. He accuses Beijing of unfairly subsidizing Chinese exports, artificially holding down the value of its currency to keep exports cheap, stealing American technology and hacking into corporate and government computers.

“How is it China’s been so successful in taking away our jobs?” he asked recently. “Well, let me tell you how: by cheating.”

But his private equity dealings, both while he headed Bain and since, complicate that message.

although he owned hundreds of thousands of $$$ of Sensata stock that he transferred to his private non-profit foundation on his 2010 and 2011 tax returns.

Another pending explosive story is the class action lawsuit Dahl et al v. Bain Capital Partners LLC et al, filed in federal court for conspiracy and collusion to drive down the assets of companies they were trying to purchase, ahead of the purchase, robbing the shareholders of those companies. The lawyers for Bain redacted the complaint completely and have tried to prevent the public from accessing it to know specifically what is alleged. The New York Times filed an intervenor’s motion to have the complaint made public. The judge on Sept. 14th gave Bain three weeks to present a modified redacted version that eliminates the redactions as much as possible. The new hearing on the motion either occurred last week or is coming up.

What’s interesting is that while Bain is listed as a defendant and not Romney in name, the lawyers for Bain specifically mentioned Romney’s campaign in an election year as one of the justifications for redacting the complaint and keeping it from being made public.

ON EDIT: Apparently Bain, following the federal judge's order filed a unredacted complaint last week. This is potentially explosive, as it alleges conspiracy to violate anti-trust laws. The activity allegedly occurred in 2003, one year after Romney was no longer at Bain. But if he had any involvement in planning this illegal activity, it could be serious and he could wind up in prison if criminal charges are filed after discovery is finished in the class action.

http://www.scribd.com/doc/109656055/5th-Amended-Complaint-Kirk-Dahl-v-Bain-Capital-Partners

DU rocks as ever.

Warning: do not open if you have a weak stomach and apologies for posting right-wing tripe, but so you know what the opposition is saying to try to counter it:

http://www.examiner.com/article/liberal-lies-and-hysteria-try-to-tie-mitt-romney-to-sensata-closure

I Googled Sensata as well. I'm up to page five and so far haven't seen your article.

Lots of good information, however. Here are a few stories:

http://www.inquisitr.com/362821/sensata-technologies-scandal-could-be-brewing-for-mitt-romney/

http://www.politicususa.com/sensata-workers-living-proof-romneys-tough-talk-china-worthless.html

http://www.journalstandard.com/news/x1931758668/Sensata-workers-protest-as-time-runs-out

http://www.democracynow.org/2012/9/20/bainport_live_from_illinois_plant_where

I am also aware of personalization in Google searches.

I think you might be missing my point, which is that one would not likely find our friend's link to the "rightie" article with a cursory Google search, if one is a diehard Democratic DUer.

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And I am so far from the right that I might as well be in another galaxy...

Perhaps it's geographically (as in Swing State) related?

Bain Capital, Ltd

That is why the CEO is so important to the culture that develops through his/her stewardship because they set the tone and nature of the leadership team.

Make no mistake, if then Chairman Mitt had wanted this to look all above board they would have.