From Deseret News archives:
Romney extraordinary leader
Mitt did not want this job. He was leading the company he founded, Bain Capital, one of the leading private equity firms in the world. He was living in his home community of Boston. It was his wife, Ann, along with several close friends, who encouraged him to move into public service. But once he accepted, he gave it everything he had.
I witnessed how bad things really were. We had a severe financial crisis, horrible morale, no operational plan and were facing a potential indictment from the Justice Department. I had never witnessed a worse situation. Regarding the financial situation, I also served as chief financial officer for two years, so I knew the books inside and out. The financial deficit really was $400 million in spite of the significant revenues already secured. In early 1999, the organization responsible for new sponsorships said that the marketing program was dead. Most potential sponsors and other organizations did not want to associate with us because of the scandal. The challenges were real and deep.
Comments
- Iraq blasted over Iran exile treatment 12:27 p.m.
- No mortgage relief in Wall Street bill 12:22 p.m.
- Draft: Rich nations' emission cuts 12:19 p.m.
- Paula Hawkins laid to rest 12:14 p.m.
- Music, smiles at Christmas show 12:14 p.m.
- Institute has Christmas tradition 12:14 p.m.
- Showcasing reason for the season 12:14 p.m.
- Enjoying Christmas creche display 12:13 p.m.
- Stronger retail boost stocks 11:37 a.m.
- A dozen ways to save money 11:36 a.m.
- Disappearance called 'sususpicious'
- LDS to emphasize helping needy
- Defense witness goes on offensive
- Unga might enter NFL draft
- Jazz manage a magical win
- Few details on missing W.V. mom
- BYU football: NCAA awards
- Nude bathers cited for lewdness
- Pitta doesn't win award
- Construction worker injured in jump
- Letters: Global warming a lie
262 - TCU to play Boise in Fiesta Bowl
206 - BYU football: Bronco weighs in on Hall
193 - Palin signs books, chats with fans
167 - Utah/BYU rivalry can be more civil
151 - Cougars going back to Vegas
150 - Andersen apologizes for Jordan hoax
142 - Nude bathers cited for lewdness
130 - Max Hall wants to look ahead
127 - Jazz fall apart late at L.A.
110
Love him or hate him, Utah Sen. Orrin Hatch knows how to get attention.
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