what company did mitt romney run?
Bain Capital
entailment
 Following Lafount 's death , George became chairman and president of American Motors Corporation and Governor of Michigan . He did indeed run for president in 1968 , but the campaign was unsuccessful , after which he became U.S. Secretary of Housing and Urban Development . However , George 's son , Mitt Romney ( of whom Lafount is the maternal grandfather ) , became cofounder and CEO of Bain Capital , president and CEO of the Salt Lake Organizing Committee for the 2002 Winter Olympics , and Governor of Massachusetts , and was the nominee of the Republican Party in the 2012 U.S. presidential election . 

entailment
 In August 2001 , Romney announced that he would not return to Bain Capital . His separation from the firm concluded in early 2002 ; he transferred his ownership to other partners and negotiated an agreement that allowed him to receive a passive profit share as a retired partner in some Bain Capital entities , including buyout and investment funds . The private equity business continued to thrive , earning him millions of dollars in annual income . 

entailment
 Romney soon switched Bain Capital 's focus from startups to the relatively new business of leveraged buyouts : buying existing companies with money mostly borrowed from banking institutions using the newly bought companies ' assets as collateral , then taking steps to improve the companies ' value , and finally selling those companies once their value peaked , usually within a few years . Bain Capital lost money in many of its early leveraged buyouts , but then found deals that made large returns . The firm invested in or acquired Accuride Corporation , Brookstone , Domino 's Pizza , Sealy Corporation , Sports Authority , and Artisan Entertainment , as well as some lesser @-@ known companies in the industrial and medical sectors . Much of the firm 's profit was earned from a relatively small number of deals ; Bain Capital 's overall success @-@ to @-@ failure ratio was about even . 

neutral
 The newly independent company was headed by Edwin Catmull as President and Alvy Ray Smith as Executive Vice President . While looking for investors , Steve Jobs was interested , but Lucas found his offer too low . Yet he accepted it in the end after it turned out to be impossible to find other investors . Jobs , who had recently been fired from Apple Computer , paid $ 5 million to George Lucas for technology rights and put them and $ 5 million cash as capital into the company , and joined the board of directors as chairman . 

entailment
 In April 2010 , he reached a 1 billion dollar settlement with American International Group ( AIG ) , one of four remaining named defendants ( along with Marsh & McLennan , Hartford Financial Services and Chubb Corp. ) , in a 2007 antitrust case regarding business practices between 2001 and 2004 . The settlement is to be divided among 26 Ohio universities , cities and schools . Zurich Financial Services settled in 2006 . Cordray believes that Marsh was the organizing company for the illegal practices and notes that a trial could commence in 2011 . AIG admitted no wrongdoing and that the settlement was to avoid risks and prolonged expenses . 
