A Company Saved From Bankruptcy By Romney Was Just Named The Best Employer In America

Aimee Groth and Gus Lubin

Dec. 15, 2011, 12:57 PM
The best employer in America — according to an annual report from Glassdoor — is a company that was saved from bankruptcy by Mitt Romney.

Bain & Company today is defined by Romney, and that says a lot for his capabilities as a leader.

While Romney held a longer tenure at the head of Bain Capital (a 1983 spinoff from the consulting firm), his year as CEO of Bain & Co had a massive impact.

Romney was brought on as CEO in 1991 to save the company from financial collapse. In 12 months, he completely turned the company around, bringing it back to profitability and avoiding layoffs by fixing the governance structure and creating more transparency. For example, he allowed managers to see each other's salaries. After handing off the firm to new leadership, he went back to his old job at Bain Capital.


Read more: http://www.businessinsider.com/romney-bain-co-best-employer-america-2011-12?utm_source=twbutton&utm_me#ixzz1hGRsfyIe