The Daily Tar Heel

Serving the students and the University community since 1893

Sunday April 2nd

Bain executives spend nearly $5 million on Romney’s run

WASHINGTON, D.C. (MCT) — Of all the investments made by the super-wealthy partners at the private equity firm Bain Capital, perhaps none has a greater potential return than the one they’ve made in Mitt Romney.

Current and former Bain executives and their relatives have given about $4.7 million to organizations that are dedicated to making Romney the next president of the United States, according to a Center for Public Integrity investigation.

Some Bain associates have been filling Romney’s campaign coffers since 2004, long before the former Massachusetts governor officially embarked on a presidential run.

Since then, they’ve given to political committees in early primary states — some without contribution limits — for both of Romney’s presidential campaigns and to federal “leadership PACs” that the candidate controls.

Most dramatically, they gave at least $3.1 million last year to Restore Our Future, a “super PAC” that Romney doesn’t control, which has used the contributions to launch ads against his opponents.

To get the day's news and headlines in your inbox each morning, sign up for our email newsletters.


The Daily Tar Heel's 2023 Black History Month Edition

Special Print Edition

Games & Horoscopes

Print Edition Games Archive