Sports Authority & Mitt Romney
Sports Authority, Inc. (still known as The Sports Authority in some locations) is one of the largest sporting goods retailers in the United States. Willard Mitt Romney (born March 12, 1947) is an American businessman who was the Republican Party's nominee for President of the United States in the 2012 election. /5
Sports Authority Mitt Romney Bain Capital Burger King Burlington Coat Factory Guitar Center Clear Channel Houghton Mifflin Hospital Corporation Harvard University Salt Lake City Steel Dynamics Clear Channel Communications Weather Channel Wall Street Journal
The American economy is in desperate need of a turnaround artist. Mitt Romney has made his career in the private sector doing exactly that -- turning around failing business and enterprises. During his time at Bain Capital, Romney was responsible for building companies that Americans shop at everyday -- Staples, Domino's Pizza, Sports Authority, and Brookstone. Of course, not all of his investments were successful and some companies failed, but on the whole, Bain Capital's returns for its investors were nothing short of stellar. In its independent analysis of Bain's record, The Wall Street Journal reported, "Bain produced about $2.5 billion in gains for its investors in the 77 deals, on about $1.1 billion invested. Overall, Bain recorded roughly 50% to 80% annual gains in this period, which experts said was among the best track records for buyout firms in that era." Romney was one of the most successful Venture Capitalists of the late 1980s and 1990s. The Obama administration attacks Romney's business car ...
Top 53 reasons to vote for Romney: Mitt Romney graduated from Harvard University with a degree from the prestigious J.D.-M.B.A. program, which is the graduate education of the last two presidents combined. Mitt Romney governed a state whose schools ranked first nationally in education. In 1984, Romney founded and led one of the world’s most successful Venture Capital and investment firms: Bain Capital. Bain Capital helped turn around numerous struggling businesses that went on to become prosperous and successful, such as: Burger King, Sealy, Sports Authority, Staples, Brookstone, Burlington Coat Factory, Clear Channel, Domino’s Pizza, Houghton Mifflin, Dunkin’ Donuts, The Weather Channel, Guitar Center, and the Hospital Corporation of America. In 2002, Romney left the private sector to oversee the Olympics preparations at Salt Lake City. He erased a $379 million operating deficit, organized 23,000 volunteers, and oversaw security in the wake of the 9/11 attacks. As governor of Massachusetts, Romney ...
US companies that were created or assisted financially by Bain Capital, Mitt Romney's investment firm: By contrast, Mr. Romney and Company provided seed money and capital through various investment vehicles to the likes of Staples, Sports Authority, a bankrupt Steel Dynamics, now the fifth largest carbon steel producer in the country, Brookstone, Guitar Center, Dunkin Donuts, Burger King, Domino’s Pizza, Toys R Us, The Weather Channel, Burlington Coat Factory, and Clear Channel Communications, and that is only a partial list of his critically successful ventures.
If you like Sports Authority or Domino's pizza u should thank Mitt Romney and Bain Capital
So I'm watching this Mitt Romney documentary and they are now speaking about how he started Bain Capital. They are mentioning all these companies that he started like Sports Authority and Staples, I am however not seeing them mentioning the El Salvadorian death squad leadership and their $9 million. These death squad leaders -- Oligarchs of El Salvador-- still to this day have money invested in Bain Capitol. I wonder if Mitt Romney and these oligarchs have all these monies in the same pot. You know, probably in the Cayman Islands right?
Burlington Coat Factory, Domino's Pizza, Sports Authority, Staples, Burger King, Guitar Center, Clear Channel Communications, The Weather Channel, and Sealy. You may think what is up with me posting this, the point is these are all companies in north Alabama employing people that likely would not be in business if not for Bain Capital, also known as that evil company Mitt Romney founded by the dems, who stepped in to invest capital in the above companies that were in trouble and pulled them through. So when you here our president trashing Mitt on Bain just think to yourselves I drive by these places daily, I eat at Burger King, I sleep on a Sealy, I watch the Weather Channel,etc. Sure Bain did not invest in these companies for charity, they did it for money. But guess what people that is why business exists. I am also aware not all Bain companies succeeded, but that is the nature of investing they took a risk and did not cash in. Lets embrace success and get this anti business president out of our house, ...
Mitt Romney says he's going to create 12 million jobs. In 8 years George Bush did not create anywhere near these many jobs. In fact in his last four years,the Bush Administration lost jobs. When he left office, the USA was hemmorrhaging jobs. A slide which Pres Obama inherited and didn't have policies in place to stem until months later. So, it would be fair to at least attribute the job loss in his first 6 months as Pres to the previous Bush Administration. This is not blame, it is a fact. Romney said while at Bain Capital he helped Staples, Sports Authority, Dominoes and Steel Dynamics get started. All jobs are good and I am not thumbing my nose at them, but for a place like here, how much do you think employees at Staples, Sports Authority and Dominoes would make in annual salary. Granted, tips at Dominoes could raise your take home pay. Steel Dynamics was started in 1993 and has grown steadily over the 20 years. It currently employs about 6,300 people. A modest size spread over several fac ...
A. Staples, Sports Authority, Domino's, Pizza Hut, Burger King, Brookstone, Burlington Coat Factory, Dunkin' Donuts, Sealy, Toys 'R Us, Warner Music Group, Totes, The Weather Channel, and many more. B. Solyndra, Abound Solar, Beacon Power, Ener1, Energy Conversion Devices, Evergreen Solar, Mountain Plaza, Olsen's Crop Service, Range Fuels, Raser Technologies, Spectrawatt, Thompson River Power, and many more. What do they have in common? The first group are all businesses invested in by the evil Mitt Romney, and all are successful businesses, hiring thousands of people and paying a lot of taxes. The second group is composed of Barack Obama's "investments." They have all gone toes up, after devouring billions of tax dollars. Who do you want investing your money the next 4 years?
Staples & Sports Authority , often comes up as the companies saved by Mitt Romney via Bain Capital , and created jobs. Both these retailers sell 98 % of the products Made In China and therefore the job created are in China . The GOP presidential hopeful has been banking in Swiss Banks and other Tax Heavens for years since he does not have faith in the American Economy and therefore would not disclose his taxes for the last decade like his father did .
We have all visited " STAPLES " & " SPORTS AUTHORITY " which Mitt Romney claims to have saved and are job creators as a founder/ CEO of Bain Capital. and not ship jobs overseas. Over 95% of the Products sold in Staples & Sports Authority are Made In China . How did he not help ship jobs overseas ? ? ?
The true story on Mitt Romney is this!! When he was college student, his daddy George pulled him out of Stanford University because he didn't want him around Vietnam protestors. They sent him to France on a mission where he tried to convert the French to become Mormons. He even tried to stop many French students from drinking. It didn't work although he claimed his mission was a success. Mitt Romney and his wife receive 1.8 million dollars a month from a blind trust. He has no job and he pay 15% income tax on that 1.8 million a month. He set up a trust for his children and they receive 1 million a month from it. Do they have to find a job. The answer is no. How did get so much money? He robbed Dominoes Pizza, Staples, Sports Authority, Hospital Wholesale Medical Equipment firms and etc. The list is about 18 major fortune 500 companies. He took their stock when he reorganized them under Bain Capital Equities. Instead of taking his consulting fee, he took their stock which was at a low price and laid off ...
So was Mitt Romney a job creator or job destroyer in Colorado through such Bain Capital success stories as Sports Authority and failures such as Fashion Bar?
Mitt Romney, profit creator for himself and Bain, not job creator. Romney soon switched Bain Capital's focus from startups to the relatively new business of leveraged buyouts: buying existing firms with money mostly borrowed against their assets, partnering with existing management to apply the "Bain way" to their operations (rather than the hostile takeovers practiced in other leverage buyout scenarios), and selling them off in a few years. Existing CEOs were offered large equity stakes in the process, owing to Bain Capital's belief in the emerging agency theory that CEOs should be bound to maximizing shareholder value rather than other goals. Bain Capital lost most of its money in many of its early leveraged buyouts, but then started finding deals that made large returns. The firm invested in or acquired Accuride, Brookstone, Domino's Pizza, Sealy Corporation, Sports Authority, and Artisan Entertainment, as well as lesser-known companies in the industrial and medical sectors. ...
I was a bit confused how Bain Capital (Mitt Romney's firm) could have made money while the business they bought went bankrupt. So, I did some research. Seems that Bain does some Venture Capital work investing in new businesses and helping them grow. These are the examples Romney like to mention such as Staples and the Sports Authority. But that's a small chunk of Bain's portfolio. Most of Bain's money is made in leveraged buyouts (think Gordon Gecko). They borrow money to buy the companies stock and gain control. Next, they pay large dividends to the stockholders (themselves) using that borrowed money, selling off assets, and laying off workers. Bain invests little of their own money but makes a ton off the dividends paid to shareholders. If the company goes under with all that added debt, Bain still makes out well, though I suppose it might make it harder to borrow in the future, so they do have some incentive for the company they buy to succeed.
Mitt Romney's record is now being laid out on the table... Like Romney's aversion to investing money in "Staples". Three times Romney voted to "Not" invest in Staples and Bain only invested in the company when he was over ruled. SO much for building compaines... But look at his claimed successes... Staples... Dominos... Sports Authority... All of these are retail chains... low paying service jobs... Now look at the companies they destroyed. South Steel Company, Steel Dynamics company of Indiana, Kansas City's Worldwide Grinding Systems steel mill. There are more. But think about it... they took companies that had pensions, middle class wages and health benefits and destroyed them rather than build them back to health. Then they replaced them with jobs that have virtually no benefits and low wage structures and declare it success. *** Is this what we want to give our kids.. some low paying sales job with virtually no benefits... All of this because China, Korea, Japan India and others subsidize their ...
Bain Capital, Staples, Sports Authority, Pizza Hut, Dominoes Pizza, Winter Olympics, Massachusetts. These are all areas Mitt Romney can run with on his resume. What did Obama run before running for president besides his campaign? If you had a franchise and needed one of the two to run it (with the intent of making money of course) who would you pick. Romney's got the credentials. Could Obama run a Stables in the local neighborhood successfully if he had too? Or would he run it into debt and cite ONE good decision anyone in a management position would have made as if that was his qualifying reason for keeping him. I'm not a big fan of Romney's politics but he does have the business and economic creds that Obama could only dream of
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