Republican Lt. Gov. Michael Fedele Friday said that a Courant story "raises serious questions" about sweeping claims of business success by his leading rival for this weekend's Republican gubernatorial nomination, Greenwich multimillionaire Tom Foley.
Fedele issued a statement saying: "Today's Hartford Courant story that Tom Foley's business practices contrast sharply with his campaign rhetoric raises serious questions about his job creation claims and it suggests that Tom has distorted his record as a job creator."
The Courant reported that one of Foley's claimed success stories -- his ownership of The Bibb Co., a textile manufacturer that he bought through a junk-bond-financed leveraged buyout in 1985 -- ended with him relinquishing executive control and most of his 95 percent stake in Bibb 11 years later.