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  • Bloomberg

    Bain ‘Ashamed’ of Serious Mistakes Made With South Africa Work

    (Bloomberg) -- Bain & Co. said it’s “ashamed” of the consultancy’s role in destabilizing South Africa’s tax agency after the country’s most senior treasury official called for companies to stop doing business with the firm.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetHow the US Toppled the World’s Most Powerful Gold TraderWill Housing Prices Flatten — or Collapse?Ukraine Latest: First UN Wheat Cargo Sets Sail for EthiopiaUS Lawmakers Visit Taiwan After Pelos

  • Bloomberg

    UK Government Ban on Bain Sets Key Precedent, Former MP Says

    (Bloomberg) -- A UK government ban on Bain & Co. from competing for state contracts sets an important precedent for the handling of companies found to have assisted with corruption overseas, according to lawmaker Peter Hain. Most Read from BloombergSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoChina Warns Airlines to Avoid ‘Danger Zones’ Around TaiwanThe global consultancy was this year found by a South African