Sunday, December 4, 2011

Quotation for Today

"If I were looking for effective management of a project, a company or a country, this is exactly the kind of management I would not want to have.  Bain partners think the profits they made are a sign of their brilliance. It's not brilliance. It's lurking around the corner and mugging somebody."

David Foster

Mr. Foster is a former steelworkers union official, and his comments were referring to Bain & Company and Mitt Romney's management of GSI Industries -- a company that Bain formed via mergers and acquisitions.

Hamburger, Tom, Melanie Mason, and Matea Gold. "A closer look at Mitt Romney's job creation record." Los Angeles Times 4 December 2011: online edition.

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