Romney worried about pink slip? Bain gave him golden parachute

[jaxx]

Posted at 02:42 PM ET, 01/09/2012
Romney worried about pink slip? Bain gave him golden parachute
By Greg Sargent

As you may have heard, Mitt Romney declared over the weekend that there were times when he, too, worried about getting a “pink slip.” Romney’s GOP rivals immediately pounced, with Rick Perry claiming: “I have no doubt that Mitt Romney was worried about pink slips, whether he was going to have enough of them to hand out.”

Now the Obama-allied group Priorities USA Action is set to attack Romney over this in another way, pointing out that Romney getting a pink slip during his years as a Bain Capital executive wouldn’t be all that comparable to the fate that befalls ordinary workers when they get fired.

In a memo set to go out to the press this afternoon, Priorities USA Action is highlighting a June, 2007 Boston Globe story that detailed the circumstances of Romney’s hiring. According to the article (via Nexis), the company’s founder, Bill Bain, and Romney agreed on a whole bunch of safeguards built into his deal, so if he failed, he’d have a very soft landing, including getting his jobs back at a previous firm both men worked at:

<..> “So,” Bain says, “there was no professional or financial risk.”

http://www.washingtonpost.com/blogs/plum..._blog.html

I want to see this one, they are hitting Mitt hard.