Amid a flash of cameras, Mitt Romney signed the check to buy Dominoâ€™s Pizza with a flourish. It was a huge deal for Romneyâ€™s Bain Capital back in 1998, worth $1.1 billion.
Thomas Monaghan, the pizza magnate and orphan raised by nuns in the Detroit area, was cashing out all but a small stake. He wanted the proceeds to start a Catholic university. So he handed over control of the company he built from a small pizza shop in Ypsilanti, Mich., in 1960, to Romney and the partners of Bain Capital.
Dominoâ€™s was not in need of rescue, nor was it a classic turnaround case for Bain. More.
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