There are two questions concerning Mitt Romney’s service at the private equity firm Bain Capital. The narrower question is: Did Bain help ailing companies and add value to the economy or did it plunder dying firms? The larger question is: Does Romney’s success in business tell us anything about whether he would be a successful president?
Let’s tackle the bigger question here.
At first blush, business success would seem to be good preparation for political success. A C.E.O. learns to set priorities, manage organizations and hone analytic skills. But these traits are more transferable to being a mayor, which is more administrative, than to being president.