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News Thursday, Aug 14 2014

Bruce Rauner: Refusing To Take Responsibility (VIDEO)

Aug 14, 2014

Bruce Rauner touts his experience as the CEO of a business as evidence he deserves to be governor. And yet when a subsidiary of said business is embroiled in scandal, Rauner takes precisely zero responsibility for their actions.

Executives at ConvergEx, owned by Rauner’s former firm, GTCR, have been indicted for defrauding stock investors and have already agreed to pay over $150 million in restitution. Rauner has tried to write off the executives at ConvergEx as a couple of “rogue employees” and absolve himself of any connection.

But Rauner’s flimsy excuse has already been ridiculed by local press. Michael Hinz at Crain’s Chicago Business puts it bluntly: “If you run a big company, the buck stops on your desk.” Moreover, he points to the fact that Rauner specifically bragged about their executive recruiting while at GTCR; in 2011, Rauner said, “we’re in two businesses: industry research and executive recruiting. We study industries, and we network like crazy to find the superstars.”

Bruce Rauner is worth nearly a billion dollars, raking insane profits from his business career — the career he touts as invaluable experience that qualifies him to be governor. But he claims that he has no responsibility whatsoever for the actions of his company? Sorry Bruce, that’s not how it works.

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Published: Aug 14, 2014

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