“My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America's middle class.”

—  Mitt Romney

2012-08-23
http://online.wsj.com/article/SB10000872396390444270404577605140607907860.html?mod=googlenews_wsj
Mitt Romney: What I Learned at Bain Capital
Wall Street Journal
2012

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American businessman and politician 1947

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“Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit.”

Mitt Romney (1947) American businessman and politician

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“So we started a new business called Bain Capital. The only problem was, while WE believed in ourselves, nobody else did. We were young and had never done this before and we almost didn't get off the ground. In those days, sometimes I wondered if I had made a really big mistake. I had thought about asking my church's pension fund to invest, but I didn't. I figured it was bad enough that I might lose my investors' money, but I didn't want to go to hell too. Shows what I know. Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him. That business we started with 10 people has now grown into a great American success story. Some of the companies we helped start are names you know. An office supply company called Staples – where I'm pleased to see the Obama campaign has been shopping; The Sports Authority, which became a favorite of my sons. We started an early childhood learning center called Bright Horizons that First Lady Michelle Obama rightly praised. At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.”

Mitt Romney (1947) American businessman and politician

2012-08-31
http://www.npr.org/2012/08/30/160357612/transcript-mitt-romneys-acceptance-speech
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“The outstanding people realised that the job involved more than just writing a good strategic plan. It was also important that top management should understand the plan and be prepared to adopt it. Consequently, the best strategists made sure that executives were involved in decisions at an early stage. The less outstanding people didn’t see this, and it had been overlooked by the experts. But, as soon as we showed them our findings, they could see that it made sense.”

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David C. McClelland (1998) in: Katherine Adams, "Interview by David C. McClelland , in Competency, vol. 4 no.3, Spring 1997, pp.18–23; Republished in orientamento.it http://www.orientamento.it/indice/interview-with-mcclelland/, 19/11/2015

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“Loss of market begets unemployment. Emphasis has been on short-term profit, to the undernourishment of plans that might generate new product and service that would keep the company alive and provide jobs and more jobs. It is no longer socially acceptable performance to lose market and to dump hourly workers on to the heap of unemployed.
The basic sickness of American industry and resulting unemployment is failure of top management to manage. Loss of market, and unemployment, are not foreordained. They are not inevitable. They are not acceptable. The day is past when people in management need not know anything about management by which I mean to include problems of production, supervision, training.”

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Mitt Romney photo

“Well I'm not sure which ones you're talking about, but I can tell you the people who have looked at the charges that the Obama campaign comes out with, which is that somehow we outsourced jobs, they've said that those were false and misleading. That the ads are inaccurate. Some have given it multiple Pinocchios. The president keeps on trying to divert any attention he can from his failure to turn around the American economy, and that's what this campaign's about. But the president keeps on trying to find something about Bain which is simply not true. And I left Bain in February of 1999. People can point out how - I was in Salt Lake City for three straight years. I don't recall even coming back once to go to a Bain or management meeting. We were, I was out there running the Olympics and it was a full time job, I can tell you that.”

Mitt Romney (1947) American businessman and politician

2012-07-13
http://www.cbsnews.com/8301-250_162-57472298/romney-interview-with-cbs-news-full-transcript/
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“People leave managers, not companies”

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Adrian Slywotzky photo

“"Be in high-growth markets." In the old economic order, in the age of market share, volume growth was a guarantor of success. Growth was what we were taught to pursue. It created higher profits for all, including market share laggards, companies with poor business designs, and companies that were poorly managed. A rising tide raised all boats. One manager articulated the classic view: "There are no management problems that volume growth can't solve. Even if we manage poorly, rising revenue helps cover the mistakes we made."”

Adrian Slywotzky (1951) American economist

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“My mother is my root, my foundation. She planted the seed that I base my life on, and that is the belief that the ability to achieve starts in your mind.”

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“It’s early in the process for me, but my infatuation with fame is waning, my need for external approval and the control of other people’s opinions is expiring. Practically I’ve decided that profits from this book will go towards creating a place where recovering addicts like me can run a business based on the ideas in this book. A café and production company run to create community, not money, democratically managed by the workforce. No bosses. No profit. No bullshit. Selling food sourced ethically, grown locally, and served by people who have had a Revolution in their own lives and are now able to learn and give back. Supporting modest creative projects, building a community of people who want to be part of something other than the toxic hegemony. We will start small but we will grow quickly because we have a limitless resource and we are providing an alternative to a dying system. There are no limits to what we can achieve if we behave collectively, responsibly, and humanely.”

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Donald J. Trump photo

“Our jobs are fleeing the country. They're going to Mexico. They're going to many other countries. You look at what China is doing to our country in terms of making our product. They're devaluing their currency, and there's nobody in our government to fight them. And we have a very good fight. And we have a winning fight. Because they're using our country as a piggy bank to rebuild China, and many other countries are doing the same thing. … We have to stop our jobs from being stolen from us. We have to stop our companies from leaving the United States and, with it, firing all of their people. … We cannot let it happen. Under my plan, I'll be reducing taxes tremendously, from 35 percent to 15 percent for companies, small and big businesses. That's going to be a job creator like we haven't seen since Ronald Reagan. It's going to be a beautiful thing to watch. Companies will come. They will build. They will expand. New companies will start. And I look very, very much forward to doing it. We have to renegotiate our trade deals, and we have to stop these countries from stealing our companies and our jobs.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2016, September, First presidential debate (September 26, 2016)

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