paper

With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went.

 With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.

Cuando se trata de American Pad & Paper (Ampad), Mitt Romney y sus socios tomaron un pequeña compañía exitosa que producía productos de papel y la fusionaron con otras compañías en la industria, ahogándola en deuda conforme pasaba el tiempo. Al final, la compañía no alcanzaba pagar los intereses sobre la deuda y se tuvo que ir a la bancarrota.