Skip to comments.NY Times: 'No Evidence' Romney Did Bain Business after 1999
Posted on 07/16/2012 6:13:53 PM PDT by SeekAndFind
There is no evidence that Mitt Romney exercised his powers at private equity firm Bain Capital after 1999 or directed funds investments after leaving, The New York Times reported.
Although some documents place the Republican presidential hopeful in charge of Bain from 1999 to 2001, a period in which the company outsourced jobs and ran companies that fell into bankruptcy, it is not related to who was running Bain at the time, the Times reported.
Romney has tried to distance himself from this period in Bain's history, saying on financial disclosure forms he had no active role in Bain as of February 1999.
Its a disconnect between the ownership interest and managerial functions, Harvey Pitt, who served as S.E.C. chairman under President George W. Bush, told the Times. When Bain takes positions in public companies, theyre required to show anyone who has an ownership interest that could be the effective equivalent of control. So Romney has to be shown on those filings.
"If they didnt show them on those filings, they would have broken the law. But it has nothing to do with whos actually running Bain Capital, Pitt added.
Financial disclosures filed in Massachusetts back up Romneys case and show that he drew at least $100,000 in 2001 from Bain as a former executive and from other Bain entities as a passive general partner, according to the Times.
The newspaper also pointed to an offering memorandum to investors in a Bain equity fund that was circulated in June 2000 and suggests Romney was not involved in the management of investments. The memorandum lists backgrounds on 18 managers, or senior private equity investment professionals of Bain Capital, and Romney is not among them.
(Excerpt) Read more at newsmax.com ...
Stephanie Cutler, please pick up the courtesy phone.
Interesting. Coming from the slimes none the less.
Maybe Romney should just out and out lie. Say that obozo was involved in the white slave trade in Japan or something.
I mean, when baldfaced lying is tolerated you might as well allow it on both sides.
“That may be true but he wanted to!” - Little Davy Axelgrease.
What difference does it make?
We all know that those in business can't do business alone....
Was it Clinton's fault that Romney is a felony?
Since romney is hiding on this, I will defend him. He must immediately file suit on the POC woman that accused him of a “felony” The libel laws do not permit malice even in politics. But noooooo. He is busy on his Skidoo vacationing while I work. Anyone can beat obama but this loser.
Random act of journalism.
ROLF! Throw in another ROLF!. Pretty good.
Mr. RomneyCARE received $100,000 per year salary.
And he Owned 100%,
but had not control.
Anyone who believes that is a fool.
It’s the Obama Team that lied on this - it’s Obama’s people who are wrong. If Republicans decided to sue every time a democrat lied, we’d all be living in court rooms.
Excuse me, but the LACK OF TRANSPARENCY is from
Team Romney (Team of the Chosen Loser).
So, he elected to NOT make decisions regarding the steel mill deal, the fetal recycling deal, the.....
So many decisions.... so little time.... too busy.
So, a question ~ did Romney decide to NOT go back to bain as an active partner, or was he asked to stay away?
A lot of people in the oil business do that.
They have another business that takes their time so they get someone that knows the oil business to run the business.
Just beccause you own running shoes doesn’t mean you jog.
Why does anybody care about the equivalent of 20 minutes of Mitt Romney's life?
Everybody just needs to shut up and find something else to do.
Last company—a car dealership— that I worked for, the 100% owner collected huge pay and had a very nice office on the premises.
Did not a lick of work. Might be seen once every few months. He spends most of his time on a yacht in the Caribbean.
Owns several other companies— other car dealerships and a mortgage brokerage, that I know of.
Only to blame in the most general sense for the fact that the service departmant can’t seem to get Mrs O’Leary’s Oldsmobuick to quit stalling at stop-lights.
But of course, anyone who believes that is a fool.
So Romney campaigned to keep conservatives at bay; namely NEWT so Obama has the honors of leading America. Either way romney and obama have the same liberal mindset - same sex marriage, pro baby killing, liberal judges, Socialistic Romneycare/Obamacare - whatever that' is against what America stands for, they initiate or want.
Well, if the Times says it it must be true.
Do I really need a sarcasm tag?
Yours is a constant unrelenting campaign for Obama.
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