TAMPA, Fla. — Ann Romney on Tuesday recounted her husband’s life story in her prime time convention speech, describing his effort to launch Bain Capital as a struggle with a high amount of risk.
“I was there when he and a small group of friends talked about starting a new company. I was there when they struggled and wondered if the whole idea just wasn’t going to work. Mitt’s reaction was to work harder and press on,” she said.
The tale the Romneys are telling, however, is not true. Romney only agreed to run Bain Capital after he had been promised that he could have his old job back if it failed, plus raises he would’ve missed. He was also promised that if it failed, a cover story would be crafted so that he took none of the professional blame.
For their book “The Real Romney,” Boston Globe reporters Michael Kranish and Scott Helman interviewed Bill Bain, the founder of Bain & Co., who asked Romney to head Bain Capital. The story he tells couldn’t be more different than Mitt and Ann Romney’s.