Post-Election, Private Equity Pushes To Redefine Itself

Law360, New York (November 7, 2012, 8:26 PM EST) -- Gov. Mitt Romney's defeat on Tuesday leaves the industry that catapulted him to wealth bruised from a tough campaign and tasked with telling its own story to an American public leery of Wall Street profiteers, according to attorneys, insiders and media professionals.

As its best-known alumnus battled for the White House, the private equity world saw its business model go under the microscope. Ads about shuttered factories and outsourced jobs flooded the airwaves. Taxes on investment profits became a proxy for a national debate about fairness...
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