Romney listed as Bain CEO on gov’t forms years after he says he quit

[VersuZ]

Republican candidate Mitt Romney was listed as the chairman and CEO of Bain Capital on certain government documents years after 1999, when he ostensibly left the private equity firm, The Boston Globe reports.The Boston Globe reports that Mitt Romney made at least $100,000 as a Bain ‘executive’ in 2001 and 2002, well after he says he left the firm in 1999. The Globe also reports that he was paid as a Bain executive while he was directing the 2002 Winter Olympics.

Republican candidate Mitt Romney was listed as the chairman and CEO of Bain Capital on certain government documents years after he says he gave up control of the private equity firm, The Boston Globe reported Thursday.
Romney has said he left the firm in February 1999 to take charge of the 2002 Winter Olympics in Salt Lake City and has repeatedly used that as a defense when asked about bankruptcies and worker layoffs at Bain-controlled companies after that date.
The Globe, however, said it found nine SEC filings that describe Romney as running the company after that point. The report said some indicate he had control of five Bain Capital entities formed in January 2002.
In addition, the newspaper said Massachusetts disclosure forms indicate that Romney made at least $100,000 as a Bain “executive” in 2001 and 2002, apart from his investment earnings. They also show he was paid as a Bain executive while he was directing the Olympics, the Globe reported.



Full link http://www.nydailynews.com/news/elec...#ixzz20QOcQ29e

[Ought Six]

Presidential rivals trade charges of lying, Romney demands apology over 'felony' remark

http://www.foxnews.com/politics/2012...ntcmp=trending

Obama official Stephanie Cutter made the claim following a Boston Globe article that said documents show Romney was in charge at Bain for three years longer than he had claimed. Cutter said Romney was either misrepresenting his position at Bain to the Securities and Exchange Commission, "which is a felony," or misrepresenting to the American people.

Romney campaign manager Matt Rhoades issued a blistering statement in response.

"President Obama's campaign hit a new low today when one of its senior advisers made a reckless and unsubstantiated charge to reporters about Mitt Romney that was so over the top that it calls into question the integrity of their entire campaign," Rhoades said. "President Obama ought to apologize for the out-of-control behavior of his staff, which demeans the office he holds. Campaigns are supposed to be hard fought, but statements like those made by Stephanie Cutter belittle the process and the candidate on whose behalf she works."
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But Romney's campaign issued a statement Thursday from Bain that said 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."

J.W. Verrett, an attorney and economics scholar at George Washington University's Mercatus Center, also told Fox News that the original Globe report appeared to "be confused" about the SEC filings.

He noted they refer to "Bain Capital VI," which he described as an investment separate from Bain Capital itself.

"Saying that Governor Romney was the CEO of Bain Capital VI is like saying that I am the CEO of my retirement account ... it's a silly bit of legalese and it doesn't also mean I am CEO of all the companies in which I invest," he said in an email.

[C.Puffs]

Is it just me or does the Obama team reek of frantic desperation?

[Roaming East]

who cares?
both sides are grabbing low hanging fruit. Guess they figure if they throw enough shiat at a wall some of it will stick

[C.Puffs]

who cares?
both sides are grabbing low hanging fruit. Guess they figure if they throw enough shiat at a wall some of it will stick

I wish Romney would focus on the economy and point out how Obama is doing nothing but throwing up bull$hit in a desperate attempt to avoid that issue.

[Wujek Szwagier]

I wish Romney would focus on the economy and point out how Obama is doing nothing but throwing up bull$hit in a desperate attempt to avoid that issue.

Agreed, I wish Romney would go on the offensive and point out Obama's failures, broken promises, shredding of the Constitution, protecting a Attorney General that is in contempt of Congress and attempting to turn the US into a socialist entity. God I pray you guys vote Obama out in November.

Plus, I hope Romney does not choose Rice as a VP. She will spend all her time defending the her actions during the Bush days. Extra baggage the man does not need, especially in days as these.

I also hope the Polish Americans in the US remember the promise Obama made and broke about the visa waiver program. I pray they vote against him.

[seraosha]

the bush admin is a lot less reviled than you might think, being able to point to real foreign policy experience is something Obama and Romney lack, but Rice has a lot of.

[Mr Gently Benevolent]

I wish Romney would focus on the economy and point out how Obama is doing nothing but throwing up bull$hit in a desperate attempt to avoid that issue.

Probably not a good idea to focus on something you cannot improve lest it be cast up halfway through your term as unemployment numbers have risen. Both will focus on superficial stuff.

[Mr Gently Benevolent]

I also hope the Polish Americans in the US remember the promise Obama made and broke about the visa waiver program. I pray they vote against him.

Circumstances change, you have rising unemployment so the last thing you are going to do open the doors to further legal migration which is only going to compound the problem of illegal migration.

[Chulo]

Circumstances change, you have rising unemployment so the last thing you are going to do open the doors to further legal migration which is only going to compound the problem of illegal migration.

YEa.. could you imagine if he did that for 10 million Latinos?

[Mr Gently Benevolent]

YEa.. could you imagine if he did that for 10 million Latinos?

10 million since 2009! Nah surely not.

[C.Puffs]

Probably not a good idea to focus on something you cannot improve lest it be cast up halfway through your term as unemployment numbers have risen. Both will focus on superficial stuff.

The President certainly CAN influence the economy.

[Mr Gently Benevolent]

The President certainly CAN influence the economy.

So working on that assumption why is Mitt not focusing on that not insignificant angle of attack, let's face it if you knew you could turn it around and could convince the public at large that it was achievable why not make it the banner. So what do you reckon is Mitt unwilling or does he know like the incumbent he cannot do anything significant about the economy.

[Chulo]

10 million since 2009! Nah surely not.

True, it was only 1million last month

[C.Puffs]

So working on that assumption why is Mitt not focusing on that not insignificant angle of attack, let's face it if you knew you could turn it around and could convince the public at large that it was achievable why not make it the banner. So what do you reckon is Mitt unwilling or does he know like the incumbent he cannot do anything significant about the economy.

How many times has the market tanked or rallied after a President opened their mouths? Do you think QE1, QE2, TARP, Cash For Clunkers, Obamacare, would have happened had a President not pushed them? Or do you think they had no effect whatsoever on the economy? As to Romney's apparent inaction, maybe he's under the impression (wrongly IMO) that Obama is going to tank even without pounding on the economy. I honestly have no idea why he isn't beating this thing daily.