In an exclusive interview with Bloomberg Businessweek, Mitt Romney reflected on his time at Bain Capital, a period that has come under increased scrutiny as the campaign touts the former governor’s business experience as his primary credential for the presidency.
Asked about the best part of working at Bain, Romney said he enjoyed the “analytical process of solving tough problems.”
“If a client invites you in and is ready to pay a lot of money for your counsel, it is not because you know their business better than they do,” Romney said. “Of course, they know their business better than I ever would. But they’re looking for someone to understand their business challenges in a new light. And that presents an analytical challenge which is steep and exciting. And I love the thinking and the analyzing as much as anything.”
Of course, Romney said he also enjoyed working with a team there to reach business solutions for clients. Which brought the interview to that infamous photo of Romney and his Bain colleagues, posing with cash in suits. It was a “moment of humor” after closing a huge deal for the company, Romney explained.
“We had raised $37 million from other people and institutions who entrusted us with their funds, and we thought it was a miracle that our group had been able to be so successful in fundraising,” Romney said, adding that it was a “great group of people.”
Read the full interview here.
David Taintor is TPM’s News Editor. He contributes to TPM’s Livewire coverage, among other areas. David is from Chanhassen, Minnesota, where, yes, it gets very cold. Reach him at taintor [at] talkingpointsmemo.com