Is There a Conflict
Is there anything amiss in investing in a company that deals with medical waste including aborted fetal material & fetuses if your own particular morals are against abortion.
Would it be wrong to own a bar if you believe drinking alcohol is a sin/abomination.
Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the GOP presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics. Coming during the heat of the GOP primaries, as Romney tried to sell South Carolina Republicans on his pro-life bona fides, the revelation had the potential to damage the candidate's reputation among values voters already suspicious of his shifting position on abortion.
But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. The matter never became a campaign issue. But documents filed by Bain and Stericycle with the Securities and Exchange CommissionÃ¯Â¿Â½and obtained by Mother JonesÃ¯Â¿Â½list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documentsÃ¯Â¿Â½one of which was signed by RomneyÃ¯Â¿Â½also contradict the official account of Romney's exit from Bain.
Spin on it?
The document also states that Romney "may be deemed to share voting and dispositive power with respect to" 2,116,588 shares of common stock in Stericycle "in his capacity as sole shareholder" of the Bain entities that invested in the company. That was about 11 percent of the outstanding shares of common stock. (The whole $75 million investment won Bain, Romney, and their partners 22.64 percent of the firm's stock the largest bloc among the firm's owners.) The original copy of the filing was signed by Romney.
Here is a link that might be useful: MUTHA