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Pagliuca is considering a bid to succeed the late Sen. Edward Kennedy in what is an already large Democratic field, according to The Boston Globe. Pagliuca showed his hand as a Democrat when he failed to donate to Romney's presidential bid, making him the only Bain bigwig who didn't. And money will play as a big advantage for the dealmaker and co-owner of the National Basketball Association's Celtics. Pagliuca's net worth is reportedly estimated at $400 million, giving him the ability to outspend primary rivals: Attorney General Martha Coakley, Rep. Michael Capuano and Rep. Stephen Lynch, who are all seasoned politicians, notes The Boston Globe. Additionally, his money reportedly has helped him attract successful pollsters who worked for Kennedy, President Obama and Sen. John Kerry, D-Mass., among others to aid in his political aspirations. However, his opponents have a powerful cudgel to defend against Pagliuca's likely platform of job creation, the same one Kennedy used against Romney in 1994: Ampad. Back then the two candidates were running a relatively tight race until Kennedy and his allies in labor began attacking Romney for the layoff of workers at Bain portfolio company American Pad & Paper. Labor unions dispatched laid-off Ampad employees to Massachusetts to picket wherever Romney went. The effort paid off as it changed the tide of the campaign, leading Kennedy to win 58% of the vote that November, his weakest showing at the polls since his election in 1962. Meanwhile, Romney opponents continued to hound him with the Ampad accusations as recently as the 2008 presidential primaries, meaning Pagliuca is likely to contend with the same, not only in the Dec. 8 primary, but also in a January general election should he win. However, Pagliuca probably knows labor is unlikely to vote for him, as Lynch is a likely favorite for the union crowd given his background as a former steelworker. Another buyout that could dog Pagliuca, given the hot topic of healthcare, is his association with the buyout of Hospital Corp. of America. Additionally, another hang-up he may have to address is his association with Romney, after having supported him in the 1994 Senate race, notes the Globe. - Matthew Wurtzel
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From: Matthew Wurtzel
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Thanks for the response. I was unaware that aside from Steve Pagliuca other Bain Capital or Bain & Co. executives were running for office. Additionally, Pagliuca's and Romney's paths presumably did not cross frequently, according to WSJ Blog Private Equity Beat. http://blogs.wsj.com/privateequity/2009/09/15/pe-and-politics-pagliuca-vs-romney/?mod=rss_WSJBlog Unless you believe that all employees of Bain are the same, I don't see how you can assume Pagliuca is simply a Romney clone.
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September 16, 2009 1:15 PM
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Another Bain Capital LLC alum, Steve Pagliuca, may follow in former colleague Mitt Romney's footsteps and enter Massachusetts politics, but on the other side of the aisle. 
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Yuck! Romney! Who needs a Romney clone? Mitt no doubt is wanting to salt as many political offices with members of Bain and his former presidential supporters.
Mitt is wanting as many of his buds in office as Mitt wants homes in various states to establish residency. Enough, is enough with the Romney gang.