Stage

McCain campaigns "opposition research" on Romney released in January 2012.

Page 135:

Romney Claimed He Was On Leave From Bain Capital When Ampad Layoffs Began, But Former Bain Executive Said Romney Bore Responsibility.
“In 1994, Romney tried to distance himself from the Ampad controversy, since he was on a leave of absence during the initial downsizing. But [former Bain Capital executive and Ampad board member Marc] Wolpow, who came to Bain in 1990 from Drexel Burnham, the infamous junk bond company, says: ‘I reported directly to Mitt Romney … You can’t be CEO of Bain Capital and say, “I really don’t know what my guys were doing.”‘ And what were Romney’s guys doing? ‘My job was to maximize the profits to Bain Capital’s partners from the Ampad transaction,’ says Wolpow…”
(Joan Vennochi, Op-Ed, “Questions Romney Shouldn’t Dodge,” The Boston Globe, 10/24/02)

Candidate Romney Promised He Would Look Into Workers’ Complaints After The Election, Then Sat By As Ampad’s Board (40% Of Which Answered To Him) Voted To Close The Plant.
“Romney was routed despite promising the Indiana workers that he would ‘look into’ their complaints after the election. So when Ampad’s five-member board, two of whom answer to Romney via Bain Capital, voted to give up and let the paper plant close, the defeated candidate felt little need to make noise on labor’s behalf. ‘That was a local decision made on local merits,’ he said after the Ampad plant received its death warrant. ‘My record on creating jobs here in Massachusetts speaks well for itself.’”
(Tom Mashberg, “Romney Backers, Foes Spar Over Plant Closing,” Boston Herald, 2/21/95)

A Year After Indiana Paper Plant Was Shuttered, Bain Capital Made Over $100 Million Profit By Bringing Ampad Public.
“Ampad raised $243 million when it went public in July 1996. Bain Capital earned $107 million by selling its shares, a sizable profit over its initial $5 million investment in 1992, according to a Bain Capital sales brochure obtained by The Associated Press. The document did not say how much Romney himself earned.”
(John McElhenny, “Democrats Revisit Labor Deal That Hurt Romney In 1994,” The Associated Press, 10/22/02)

“In January 2000, Ampad Declared Bankruptcy.”
(Joan Vennochi, Op-Ed, “Questions Romney Shouldn’t Dodge,”The Boston Globe, 10/24/02)