Criticism of Mitt Romney by Republican rivals over his private-equity record at Bain Capital LLC is fair and will haunt him in November, said John Podesta, a former Democratic White House chief of staff. Attendees to Private Equity Happy Hour New York City, http://www.PEHappyHour.com, Tuesday January 17, will take on this argument at Café China during an evening of networking and cocktails: general partners, limited partners, and individual and institutional investors, among others. Private Equity Happy Hour receptions are great opportunities for them to speak with unprecedented candidness about their trade, both opportunities and challenges."The critique against Romney, really, is the way, under his leadership, Bain Capital operated, in the fact that so many companies went bankrupt under his tenure," Podesta said on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend. “They put a lot of people out of work, shipped a lot of jobs overseas.” Gingrich is now looking to recast his attack on Romney’s investment background as Republican commentators and business leaders call for him to tone down the attacks. Gingrich said Jan. 12 he wanted to focus on a bigger critique of Wall Street bailouts.
Podesta said the private-equity criticism isn’t about putting capitalism or the free market on trial. “Private equity can build companies, and it may make appropriate investments,” he said. Private Equity Happy Hour New York City is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to firstname.lastname@example.org. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10".