The ads, which started airing yesterday, feature testimonials from former workers at GST Steel and Ampad, companies bought by [Romney]‘s former firm, Bain Capital. The ads accuse Romney of laying off workers and denying them health benefits.
Romney, speaking at a City Year volunteer event in Dorchester, said he had no role in those decisions. He said he was on leave from Bain Capital, running for the US Senate in 1994, when the company acquired Ampad. And at the time of the GST Steel layoffs, he said, he was on leave again, organizing the 2002 Winter Olympics. From February 1999 until now, Romney said, he had “no association” with Bain Capital.
I wish I could get a six-figure income from having “no association” with a company.