Good business is where you find it. - Dick Jones, OCP division president
Old Mitt appears to be continuing to haunt New Mitt with new information about Bain Capital's investment in a company called Stericycle, long hated by anti-abortion activists because the company's clients include abortion clinics - which means that it disposes of aborted fetuses.
Bain Capital, the private equity firm Romney founded, invested $75 million in Stericycle in 1999, the Huffington Post reported. Stericycle later became a leader in the medical waste industry. But after the news broke, Bain Capital defended Romney, who publicly has pro-life views. Bain said that Romney left the firm in 1999, before the Stericycle deal took place. Bain representatives said that Romney had nothing to do with the Stericycle deal.
Documents filed by Bain and Stericycle with the Securities and Exchange Commission show that Romney was "an active participant" in the deal, Mother Jones reported today. The documents obtained by Mother Jones show that Romney had signed some of the paperwork involved and had voting power over the Stericycle stock.
So, Romney supporters, does this cause you any moral conflict that your candidate was profiting off of the Abortion Industry? Or is this another case like outsourcing American jobs to low-wage countries such as China, even though Romney has promised to get tough on outsourcing if he is elected president?
Old Mitt appears to be continuing to haunt New Mitt with new information about Bain Capital's investment in a company called Stericycle, long hated by anti-abortion activists because the company's clients include abortion clinics - which means that it disposes of aborted fetuses.
Bain Capital, the private equity firm Romney founded, invested $75 million in Stericycle in 1999, the Huffington Post reported. Stericycle later became a leader in the medical waste industry. But after the news broke, Bain Capital defended Romney, who publicly has pro-life views. Bain said that Romney left the firm in 1999, before the Stericycle deal took place. Bain representatives said that Romney had nothing to do with the Stericycle deal.
Documents filed by Bain and Stericycle with the Securities and Exchange Commission show that Romney was "an active participant" in the deal, Mother Jones reported today. The documents obtained by Mother Jones show that Romney had signed some of the paperwork involved and had voting power over the Stericycle stock.
So, Romney supporters, does this cause you any moral conflict that your candidate was profiting off of the Abortion Industry? Or is this another case like outsourcing American jobs to low-wage countries such as China, even though Romney has promised to get tough on outsourcing if he is elected president?
Schadenfreude
Date: 2/7/12 23:23 (UTC)(no subject)
Date: 2/7/12 23:55 (UTC)Unless that answer is yes, it's unlikely to have any actual impact.
(no subject)
Date: 3/7/12 00:12 (UTC)(no subject)
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Date: 3/7/12 00:12 (UTC)(no subject)
Date: 3/7/12 01:32 (UTC)Your stance here baffles me.
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Date: 3/7/12 01:52 (UTC)(no subject)
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Date: 3/7/12 02:04 (UTC)And as an active investor -- not some remotely distant line on an accounting chart...
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Date: 3/7/12 04:40 (UTC)(no subject)
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Date: 3/7/12 00:11 (UTC)(no subject)
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Date: 3/7/12 00:39 (UTC)(no subject)
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Date: 3/7/12 01:26 (UTC)Well, gee, let's see here...Is it a smaller percentage than planned parenthood abortions?
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Date: 3/7/12 00:45 (UTC)(no subject)
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Date: 3/7/12 01:43 (UTC)Interestingly, morals plays into this. People who are opposed to war don't invest in companies that make materials for the military. People who are opposed to abortion don't invest companies that dispose of aborted feti. Unless, of course, they are so craven that their love of money trumps their morality, a common problem and hardly unique to Romney. I just think it's best to be clear about it. If the man says, "My money is more important than my beliefs about abortion," I could almost respect him.
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Date: 3/7/12 15:51 (UTC)(no subject)
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Date: 3/7/12 02:04 (UTC)(no subject)
Date: 4/7/12 04:17 (UTC)(no subject)
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Date: 3/7/12 02:17 (UTC)Even among the pro-life republicans, I don't think too many will change their votes to Obama because of this. I also don't expect this changes the mind of any pro-choice voters who use this as a litmus test either. I don't see NARL rethinking their support for Obama.
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Date: 3/7/12 02:55 (UTC)(no subject)
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Date: 3/7/12 03:31 (UTC)(no subject)
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Date: 3/7/12 12:18 (UTC)(no subject)
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Date: 3/7/12 04:05 (UTC)(no subject)
Date: 3/7/12 15:37 (UTC)As for Stericycle, weren't they the folks who provided the haters with aborted fetus photos? I remember telling a wielder of one such photo that it was pornographic. The hater accused the health care provider of being the pornographer, rather than the person displaying the photo in public.
(no subject)
Date: 4/7/12 04:16 (UTC)I have to wonder if he'll just surrender to it later.