Along with many others, I’ve been following the “Local Paid Inclusion” kerfuffle involving Bruce Clay with some interest, and I’ve finally decided to post this comment about the story. Disclosure: I’m on the current Board of Advisors for a company that’s been frequently mentioned along with the story — Universal Business Listing (a.k.a. “UBL”), so I do have a direct interest in these events. While I obviously wouldn’t speak out about UBL without the company’s permission, the thoughts in this blog post are my own opinions and conclusions about the matter, based on my knowledge about the company and people involved. So, read on: (more…)



Bain Capital & Mitt Romney’s Involvement with Italy’s Yellow Pages Debacle
Monday, August 6th, 2012Let me note upfront that I’m politically a moderate and a non-partisan, so my interest in this article is primarily from the perspective of the business and historical aspects involving the Yellow Pages industry, which I’ve written about from time-to-time.
The article outlines a possible reason why Romney’s trip through Europe didn’t include a stop in Italy, one of the G8 countries: some years back, Bain Capital, Mitt Romney’s company, purchased a major stake in Italy’s Yellow Pages, Seat Pagine Gialle, and then they later resold their portion during the height of the Internet bubble for a very hefty profit, in the process circumventing taxes that could have benefited Italy. Subsequent to the Internet bubble, though, the Italian Yellow Pages declined very sharply in value at the expense of company shareholders (many of whom were possibly Italians) and the devaluation probably negatively impacted the service provided in Italy which could be said to affect virtually all Italians, one way or another. (more…)
Tags: Bain Capital, Italian Yellow Pages, Italy Yellow Pages, Mitt Romney, Pagine Gialle, Yellow Pages
Posted in Business Management, General Commentary, Yellow Pages | No Comments »