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Quote by David Stockman

“I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. All the jobs that he talks about came from Staples. That was a very early venture stage deal. That, you know they got out of long before it got to its current size.”

Quote by David Stockman

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David Stockman
David Stockman

David Stockman, born on November 10, 1946, is a former Director of the Office of Management and Budget in the United States. He has extensive experience in politics and economics and was a key member of President Ronald Reagan's administration in the early 1980s, where he played a significant role in shaping the nation's fiscal policy. more

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