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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Tuesday, November 17, 2009

When Coram met Ampad

Good thing that Senate Democratic candidate Steve Pagliuca hired Tad Devine to do his campaign commercials for him. That way he can't have Devine craft the kind of spot that did in Mitt Romney in his 1994 race against Ted Kennedy.

The Herald has a look at the role of Bain Capital in merger of Coram Healthcare of Denver, a financial transaction that resulted in a $254 million one quarter loss and the layoff of 365 people. Oh, and a $2 million paycheck for Pagliuca and Bain.

Sounds a lot like the saga of Indiana-based Ampad, a company that laid off 350 people after Mitt Romney and Bain came to town. Pagliuca recently said Romney got a raw deal in the ads Devine crafted for Kennedy.

Funny, but the saga sounds an awful lot different than Pagliuca's "Jobs=Dignity" ads that keep flooding TV, radio and the web.

The Herald story duly notes no liability was admitted -- as part of a $22.2 million settlement.

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2 Comments:

Anonymous Anonymous said...

Just a quick correction on your post: The story doesn't reference Bain. It's pretty clear that the deal was overseen personally by Pagliuca.

November 17, 2009 10:04 AM  
Anonymous Anonymous said...

I like your style!

We'd be honored if you would consider cross posting some of your articles on our renegade black listed news forum. Thanks.
SHTF411.com

November 17, 2009 5:03 PM  

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