Bain (consulting)
From Open Encyclopedia
Bain & Company is a management consulting firm, headquartered in Boston, MA, recognized as one of the leading firms in the consulting industry, along with McKinsey & Company and the Boston Consulting Group.
Begun in 1973 by seven former partners of the Boston Consulting Group, the firm carries the name of founder Bill Bain who had been a VP at Boston Consulting.
In 1983-84, an investment fund, Bain Capital, was spun-off by three partners -- Mitt Romney, Coleman Andrews, and Eric Kriss -- that subsequently grew to become one of the world's leading private investment firms with over $17 billion in assets under management.
In 1991, Bill Bain led a failed management buyout effort which resulted in his ouster by a turnaround team. In 1993, Orit Gadiesh was elected chairman. Bain & Company employs over 3000 professionals and operates 31 offices with a concentration in the United States, Europe, and the Far East, notably in Japan and China.
Bain alumni include: Roger Brown, President of the Berklee College of Music; Ken Chenault, CEO of American Express; Scott Cook, founder of Intuit (Quicken software); Mitt Romney, Governor of Massachusetts; Meg Whitman, CEO of eBay.
