Relevant:
- "Romney's Bain Yielded Private Gains, Socialized Losses" - Private Equity Exec
- Romney listed as Bain CEO on gov't forms years after he says he quit: report
- Romney's Bain Capital invested in companies that moved jobs overseas
- Bain Capital Complaint Should Be Made Public, Court Rules
- Yes, Romney Could Lose
2012-06-23 — nytimes.com
Cambridge Industries, an automotive plastics supplier whose losses had been building for three consecutive years, finally filed for bankruptcy in May 2000 under a mountain of debt that had ballooned to more than $300 million.
Yet Bain Capital, the private equity firm that controlled the Michigan-based company, continued to religiously collect its $950,000-a-year "advisory fee" in quarterly installments, even to the very end, according to court documents.
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