Bain Capital co-chair: 'Private equity gets a bad rap' politically we don't destroy jobs
Steve Pagliuca, co-chair of private equity powerhouse Bain Capital, defended the industry, arguing Thursday that it has received an undeserved bad reputation. Private equity has actually been a "great thing for America," he said on CNBC's "Squawk Box" from the World Economic Forum in Davos, Switzerland. The 2020 primary is not the first time private equity has drawn the ire of politicians. Mitt Romney was criticized for his past work at Bain Capital, the Boston-based firm with $105 billion in assets under management. "Private equity, I think, has gotten a bad rap out there politically, but it's actually a big part of the economy.
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