The Business ReportMitt Romney, Bain Capital, and the Piedmont TriadJanuary 20, 2012 | David FordRepublican Presidential nominee Mitt Romney’s career at Bain Capital has been under the national microscope lately as he solidifies his front-runner status. Romney left the company over a decade ago, but his career at the private equity giant had a significant impact on the Triad.
It was in one of the biggest and latest deals of Romney’s tenure at Bain that the firm bought mattress-maker Sealy and promptly relocated its corporate headquarters from Cleveland to just south of High Point. The result: the home base of a major international corporation in a key industry cluster on a 68-acre campus straddling Trinity and Archdale, employing hundreds of workers.
Business Journal Contributing Writer and Director of the Journalism Department at Wake Forest University Justin Catanoso talks with WFDD’s David Ford about the impact of venture capitalism on two major international corporations that continue to call the Triad home. Full archive of The Business Report >>
|
|
