When a CEO is not a CEO
What a Tangled Web
By CHARLES M. BLOW, NYT
Mitt Romney’s stories just don’t jibe.
First, there is the issue of when he left Bain Capital, the private-equity firm he founded.
On an August 2011 federal disclosure form, Romney stated that he “retired from Bain Capital on Feb. 11, 1999, to head the Salt Lake Organizing Committee.” The statement continued: “Since Feb. 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and had not been involved in the operations of any Bain Capital entity in any way.”
But, as The Boston Globe reported this week, Securities and Exchange Commission documents filed after 1999 by Bain Capital state that “he remained the firm’s ‘sole stockholder, chairman of the board, chief executive officer, and president.’ ”
Furthermore, according to documents obtained by The Huffington Post, Romney testified in June 2002 that there “were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth.” According to The Huffington Post, Romney also testified that he “remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation.”
(More here.)
By CHARLES M. BLOW, NYT
Mitt Romney’s stories just don’t jibe.
First, there is the issue of when he left Bain Capital, the private-equity firm he founded.
On an August 2011 federal disclosure form, Romney stated that he “retired from Bain Capital on Feb. 11, 1999, to head the Salt Lake Organizing Committee.” The statement continued: “Since Feb. 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and had not been involved in the operations of any Bain Capital entity in any way.”
But, as The Boston Globe reported this week, Securities and Exchange Commission documents filed after 1999 by Bain Capital state that “he remained the firm’s ‘sole stockholder, chairman of the board, chief executive officer, and president.’ ”
Furthermore, according to documents obtained by The Huffington Post, Romney testified in June 2002 that there “were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth.” According to The Huffington Post, Romney also testified that he “remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation.”
(More here.)
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