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SNEAK PEEK - Cover story of Sunday's N.Y. Times Magazine ("The Money Issue") is a profile of Bain Capital - "ARE THE RICH WORTH A DAMN? Let's asks a guy from Bain Capital," by Adam Davidson , who writes the "It's the Economy" column for the Magazine and is a founder of NPR's ''Planet Money,'' a podcast and blog: "I recently met Edward Conard on 57th Street and Madison Avenue, just outside his office at Bain Capital, the private-equity firm he helped build into a multibillion-dollar business by buying, fixing up and selling off companies at a profit. Conard, who retired a few years ago at 51, is not merely a member of the 1 percent. He's a member of the 0.1 percent. His wealth is most likely in the hundreds of millions; he lives in an Upper East Side town house just off Fifth Avenue; and he is one of the largest donors to his old boss and friend, Mitt Romney. ...

"[Conard] has spent the last four years writing a book that he hopes will forever change the way we view the superrich's role in our society. 'Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong,' to be published in hardcover next month by Portfolio, aggressively argues that the enormous and growing income inequality in the United States is ... a sign that our economy is working. ... [H]e sent me an e-mail summing up his argument: At base, having a small elite with vast wealth is good for the poor and middle class." http://nyti.ms/KC0PJi See the cover. http://bit.ly/KC70Np


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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