Republican presidential candidate Mitt Romney has been campaigning on his private sector experience. Yet the job creation record he touts is complicated. During his 25 years in management consulting and private equity, Mitt Romney sometimes cut jobs to make companies more competitive.
Former colleagues remember Romney as an impeccable turnaround specialist who is well-prepared for dealing with a national government in debt and an economy in crisis. Critics say his cost-cutting legacy will cost him the next election. Above all, his quarter century of corporate turnarounds sheds light on a how, if elected president, Romney would approach the nation’s problems.