Romney’s Bain Boss Has a TN Tie

Johnson City native and Science Hill High School alumnus William Bain Jr. is the man who appointed Republican presidential frontrunner Mitt Romney as Bain Capital’s first CEO, reports the Johnson City Press.
As the Jan. 21 South Carolina primary approaches, competitors for the Republican nomination have blasted Romney for leading a group of “corporate raiders” during his 25-year tenure with Bain. Texas Gov. Rick Perry has called the company’s tactics “vulture capitalism,” and television ads now airing boast that Bain Capital is “More ruthless than Wall Street.”
Bain, who attended East Tennessee State University before transferring to Vanderbilt University, invested in two South Carolina companies that went under. One was GS Steel in Georgetown, S.C. The other was Holson Burnes in Gaffney, which lost 150 jobs when it closed in 1992.
UPDATE: Chas Sisk says he’s got some Nashville ties, too

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