Mitt Romney opened up about his career at Bain Capital in an interview with Businessweek published Thursday — even addressing an unflattering photo from his time at the private equity firm.
The photo in question shows Romney and his colleagues at Bain proudly flaunting wads of cash. It’s surfaced in attack ads against the presumptive Republican nominee, helping to drive home the caricature of him as a greedy corporate raider. But Romney views it differently, telling Businessweek that the photo captured a light-hearted moment.
Oh, that was a moment of humor as we had just done what we thought was impossible. 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. And ultimately we were able to yield for them a very attractive return by such investments as Staples (SPLS), which was in our very first fund.
