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Bain Capital sends the following statement, following today's Boston Globe article reporting that MItt Romney was CEO there until 2002:
Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure. Due to the sudden nature of Mr. Romney's departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999. Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period."
Well it appears the lie is in the Obama camp, again............imagine that. I'm thinking the biggest liar we have occupies the White House now.
Bain Capital sends the following statement, following today's Boston Globe article reporting that MItt Romney was CEO there until 2002:
Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure. Due to the sudden nature of Mr. Romney's departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999. Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period."
Bain Capital: Romney left in Feb. 1999 - POLITICO.com
Mitt Romney stayed at Bain three years longer than he claimed: As weve previously noted, Mitt Romney twice told the Government Ethics Office that he left Bain Capital in February 1999, but there has been plenty of evidence suggesting otherwise. When he left Bain is a critical question, both because a different date than the one he claimed could mean he lied on official forms, and also because Romney has used the early departure date to insulate himself from attacks on Bains practices during the early 2000s.
But the Boston Globe reports today that Romney stayed on a full three years longer at Bain than he has claimed. Securities and Exchange Commission documents filed the in the years after 1999 list Romney as the sole stockholder, chairman of the board, chief executive officer, and president of Bain. And a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002.
Romneys Bain lie - Salon.com
It doesn't hinge on a quote. It hinges on papers that Mitten signed. Typical rightwingloon copout.
It doesn't hinge on a quote. It hinges on papers that Mitten signed. Typical rightwingloon copout.
No, the story being brought back up again hinges on the willful misunderstanding of partisan political opponents who took his answer that he had "left" Bain prior to whatever company they were questioning him on, and now claiming "gotcha" in contrast to recognizing the already public SEC filings of which Mitt had full knowledge, that actually show the official date of his complete legal departure from the partnership as 2002.
Despite the fact that the SEC points out that these filings do no mean what the Dems are claiming it means, this technicality is now being characterized as if he LIED about when he "left" Bain because he supposedly is running away from something, which is of course just typical political strawman bullshit...
You're just one cliche after another
It doesn't hinge on a quote. It hinges on papers that Mitten signed. Typical rightwingloon copout.
No, the story being brought back up again hinges on the willful misunderstanding of partisan political opponents who took his answer that he had "left" Bain prior to whatever company they were questioning him on, and now claiming "gotcha" in contrast to recognizing the already public SEC filings of which Mitt had full knowledge, that actually show the official date of his complete legal departure from the partnership as 2002.
Despite the fact that the SEC points out that these filings do no mean what the Dems are claiming it means, this technicality is now being characterized as if he LIED about when he "left" Bain because he supposedly is running away from something, which is of course just typical political strawman bullshit...
What do you think of Romney's lie?
You're just one cliche after another
Obama is losing the election. Rati and the other hacks are in a full blown panic - it's all slipping away, when they were sure this would be a 1000 year Reich....
The OP and the liberals supporting this lie ...
Bain has guided more companies from failure to success than not. obama has guided the whole country into failure.
I think people need to understand there is a difference between Bain & Co and Bain Capital...this has apparently been the cause of much the confusion...
Founding and early history
Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In 1983, Bill Bain offered Romney the chance to head a new venture that would invest in companies and apply Bain's consulting techniques to improve operations.[6]
While Bain Capital was founded by Bain executives, the firm was not an affiliate or a division of Bain & Company but rather a completely separate company.
Initially, the two firms shared the same offices and a similar approach to improving business operations. However, the two firms had put in place certain protections to avoid sharing information between the two companies and the Bain & Company executives had the ability to veto investments that posed potential conflicts of interest.[12] Bain Capital also provided an investment opportunity for partners of Bain & Company. Bain Capital's original $37 million fund was raised entirely from private individuals in mid-1984.[11] The firm initially gave a cut of its profits to Bain & Company, but Romney later persuaded Bain to give that up.[13]
Bain Capital - Wikipedia, the free encyclopedia
Borowitz ReportIn 1999 I received an urgent call from Bain headquarters indicating that Mr. Romney had suffered a serious accident. Once I arrived on the scene, I learned that Mr. Romney had participated in a going away party to celebrate the end of his tenure at Bain and that he had been hit in the forehead with an exploding champagne cork. After he spent several days in the hospital for observation, it became clear to me that Mr. Romney was suffering from symptoms consistent with head trauma, including severe memory loss. For example, he could not remember several key episodes from his youth, including the time he pinned a gay student to the ground and cut off his hair.
After I advised his partners at Bain that Mr. Romneys recovery from this head trauma could be difficult and prolonged, they decided to keep him on as chief executive at Bain so that he could benefit from the companys health coverage. It was decided that he would take a leave of absence from his duties at Bain to do something less demanding, and so he signed on to run the 2002 Salt Lake City Olympics.
The OP and the liberals supporting this lie ...
So, uh, you desperate rw's are saying the SEC is lying?
Try again.
The OP and the liberals supporting this lie ...
So, uh, you desperate rw's are saying the SEC is lying?
Try again.
Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss
Bain Capital - Wikipedia, the free encyclopedia
The OP and the liberals supporting this lie ...
So, uh, you desperate rw's are saying the SEC is lying?
Try again.
Better check your resources, yep the OP is a lie. Axlerod is the liar, not Romney. If he throws enough sh*t out there maybe something will stick. So far, not so good.
