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GOP Presidential front-runner Mitt Romney is coming under fire for his experience in the private sector as a venture capitalist. Romney co-founded the investment firm Bain Capital in the late 1980s and stayed on with the company for 15 years. Opponents, like Rick Perry, recently compared the company’s practices to scavaging. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to examine what is the reality behind a venture capitalist firm and what they do versus what Rick Perry and others are accusing Mitt Romney of doing back during their tenure at the company.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: bain capital, capitalism, chapwood investment, financial advisor, fox news, gop, mit romney, performance, portfolio, presidential candidate, private equity, private sector, rick perry, sharpe ratio, vc, venture capitalist, wealth manager