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To: Trapped Behind Enemy Lines

The answer to your question #2 is:

- Despite claiming to have quit Bain in early 1999, Romney evidently controlled Stericycle via Bain for years thereafter: In July, The Boston Globe reported evidence that Romney maintained control of Bain and its investments for years after the date he claimed to have relinquished it. The Globe cited a June, 2012 federal filing by Romney’s campaign which said, “Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.’’ That, however, contradicted the findings of a July 2, 2012 Mother Jones investigation: “Citing SEC documents, the magazine said Romney had control of Bain Capital’s shares in Stericycle, a medical waste company, in November 1999. Talking Points Memo reported this week on additional SEC filings listing Romney’s position with Bain in July 2000 and February 2001.”


105 posted on 11/26/2014 12:54:52 PM PST by EternalVigilance
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To: EternalVigilance

OK. I don’t deny that MR indirectly owned shares of Stericycle through his holdings in Bain Capital investment funds. We agree on this point and I won’t dispute it. I do not think, however, MR was that active in Bain’s investment decisions after a certain point.

This according to Wikipedia,org;

“Romney took a paid leave of absence from Bain Capital in February 1999 to serve as the president and CEO of the 2002 Salt Lake City Olympic Games Organizing Committee...Romney remained the firm’s sole shareholder, managing director, CEO and president, signing corporate and legal documents (just like you say and which are in the SEC filings you refer to)...(HOWEVER)....He did not involve himself in the day to day operations of the firm or investment decisions for Bain Capital’s new private equity funds”.


108 posted on 11/26/2014 1:04:17 PM PST by Trapped Behind Enemy Lines
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To: EternalVigilance
Some don't seem to understand that stepping down as an officer of a company doesn't necessarily mean that the person loses influence and certainly doesn't necessarily mean that they are done realizing profits from the company.
111 posted on 11/26/2014 1:09:05 PM PST by wagglebee ("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
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