Romney foes put Bain on defensive
Corporate-raider label is decried Republicans are often the attackers
Bain Capital executives have been bracing since last summer for the inevitable downside to their old boss running for president: seeing their firm dragged through the mud by Mitt Romney’s opponents. But the onslaught has come harder and faster than they or the industry expected, with Romney’s emergence as a frontrunner in the primaries. Republican rivals have painted Bain Capital and private equity firms like it as engaged in the wrong kind of capitalism, making money as corporate raiders and by cutting jobs.