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  Mitt Romney stayed at Bain 3 years longer than he stated
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Last EditedCOSDem  Jul 12, 2012 08:58am
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News DateThursday, July 12, 2012 04:00:00 PM UTC0:0
DescriptionGovernment documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

The timing of Romney’s departure from Bain is a key point of contention because he has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date.
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NEWS
Date Category Headline Article Contributor
Jul 17, 2012 05:00pm News Rush Limbaugh: Batman Villain Was Named “Bane” To Hurt Mitt Romney   Article Monsieur 
Jul 15, 2012 12:15pm Blog Entry Mitt Romney ‘Retired Retroactively’ From Bain Capital, Whatever The Hell That Means  Article Homegrown Democrat 
Jul 13, 2012 04:00pm Blog Entry Rendell says Obama campaign 'went too far' on Bain  Article Scott³ 
Jul 12, 2012 10:10am News Bain responds  Article Scott³ 

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