David Gergen, CNN Analyst, Reveals Extent Of Bain Capital Ties While 'Reporting' On Firm
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| David Gergen |
HuffPost, Posted: 07/18/2012 11:09 am
Updated: 07/18/2012 11:34 am
NEW YORK -- CNN senior political analyst David Gergen defended Mitt Romney this week against the Obama campaign's charges that the Republican nominee hasn't been honest about his tenure at Bain Capital -- a private-equity firm the former presidential adviser-turned-TV pundit knows something about.
On Monday, Gergen acknowledged having a "past relationship with the top partners at Bain that is both personal and financial" -- a disclosure that the Daily Beast's Andrew Sullivan suggested is "what's wrong with the press corps" and raised questions about Gergen's role in analyzing Romney's experience at the firm.
"I have worked with them in support of nonprofit organizations such as City Year," Gergen wrote. "I have given a couple of paid speeches for Bain dinners, as I have for many other groups. I was on the board of a for-profit childcare company, Bright Horizons, that was purchased by Bain Capital. It was a transaction with financial benefits for all board members and shareholders, including me."
Gergen, while acknowledging his "bias" on Monday, wrote how he's "come to admire and like the leaders of Bain Capital" because the firm "stands out for the respect in which it is generally held and for the generous philanthropy of some of its partners."
(More here.)
NEW YORK -- CNN senior political analyst David Gergen defended Mitt Romney this week against the Obama campaign's charges that the Republican nominee hasn't been honest about his tenure at Bain Capital -- a private-equity firm the former presidential adviser-turned-TV pundit knows something about.
On Monday, Gergen acknowledged having a "past relationship with the top partners at Bain that is both personal and financial" -- a disclosure that the Daily Beast's Andrew Sullivan suggested is "what's wrong with the press corps" and raised questions about Gergen's role in analyzing Romney's experience at the firm.
"I have worked with them in support of nonprofit organizations such as City Year," Gergen wrote. "I have given a couple of paid speeches for Bain dinners, as I have for many other groups. I was on the board of a for-profit childcare company, Bright Horizons, that was purchased by Bain Capital. It was a transaction with financial benefits for all board members and shareholders, including me."
Gergen, while acknowledging his "bias" on Monday, wrote how he's "come to admire and like the leaders of Bain Capital" because the firm "stands out for the respect in which it is generally held and for the generous philanthropy of some of its partners."
(More here.)
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