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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (656113)	5/22/2012 6:57:45 PM
From: longnshort	1 Recommendation Read Replies (2) of 1578546

Top Obama Donor Tied To Bain Layoffs, Had More Significant Role Than Romney… Backfire. Via ABC News: The Obama campaign's latest attack tells the story of workers at an Indiana office supply company who lost their jobs after a Bain-owned company named American Pad & Paper (Ampad) took over their company and drove it out of business. Here's what the Obama Web video doesn't mention: A top Obama donor and fundraiser had a much more direct tie to the controversy and actually served on the board of directors at Richardson, Texas-based Ampad, which makes office paper products. Jonathan Lavine is a long-time Bain Capital executive and co-owner of the Boston Celtics. He is also one of President Obama's most prolific fundraisers. He has already raised more than $200,000 for the Obama campaign this election, according to Federal Election Commission records. Lavine started working for Bain in 1993. He was one of three Bain executives who served on the board of directors of Ampad for several years, a post he held until 1999. Here's a news release announcing his departure from the company in April 1999. Lavine's placement on the board of Ampad suggests he had a more direct role than Romney in the series of events surrounding the layoffs, labor disputes and eventual bankruptcy of the Marion, Ind., factory featured in the Obama campaign video. Keep reading… Posted by ZIP on Tuesday, May 22, 2012, at 10:10 am" weaselzippers.us

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