â€śThe unfair attacks are not worth responding to,â€ť 75-year-old Bain & Company and Bain Capital founder Bill Bain told the Daily Beast, defending his business record publicly for the first time in an election in which the firm has come under repeated scrutiny.
But Bain did comment on the collapse of some companiesÂ acquiredÂ by Bain Capital, which he tapped Mitt Romney to lead. President Obama has argued that Romney helped made a few people rich at the expense of working-class Americans.Â
â€śBusiness is a risk-reward proposition,â€ť Bain said. â€śFor over 28 years, Bain Capital has invested in many great success stories and some failures.â€ť
He added, â€śmost importantly,â€ť Bain Capital â€śhas maintained an overall record of creating significant value for our economy.â€ť