Romney Invested Millions in Firms That Pioneered High-Tech OutsourcingQuicklink submitted by Amanda Lang Permalink
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|A government document shows that at Bain he held a $54 million stake in companies that manufactured electronics in China and Mexico for US firms. In recent weeks, Barack Obama and Mitt Romney have accused each other of being an 'outsourcer in chief,' as their campaigns have tussled over Romney's past at Bain Capital and the (non)release of his tax returns. But all this scuffling hasn't taken into account an until-now unreported fact about Romney's days at Bain: When he was running the private equity firm, he invested tens of millions of dollars in a pair of companies that specialized in outsourcing high-tech manufacturing and that developed offshore production facilities in Mexico, China, and elsewhere to build electronics for US firms.|
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