Bidding for the Globe

An iron fist, a golden touch

Platinum profits from formula of rigor, pain

Tom Gores, founder and chief executive of Platinum Equity, said his Beverly Hills buyout firm is pursuing newspaper deals because he believes they can be rebuilt into successful companies. (Platinum Equity)

By Casey Ross and Beth Healy

Globe Staff / October 7, 2009

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Mike Donnelly remembers the man only by his moniker: The Godfather. That was how Platinum Equity referred to the executive it put in charge of Donnelly's upstate New York software firm, Aptis Inc., in the fall of 2000. Within days of his arrival, 45 people were laid off, nearly half the company's workforce. (Full article: 2087 words)