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Old September 25th, 2012, 09:29 AM   #51 (permalink)
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Romney was the CEO till at least 2002. He still derives a great deal of income from the company. Again, this is a court case, so if he gets blamed or not is not relevant.
Romney left to organize the Olympics in 1999. From that point onward he was not involved in the day to day operations of the company.

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Old September 25th, 2012, 05:08 PM   #52 (permalink)
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It's perfectly legal for Romney to lie to the public, but he's not stupid to perjure himself on government documents. I believe someone posted People are Stupid has some support, depending on how many believe Romney's lies to the public versus what he signs under penalty of perjury.

Mitt Romney stayed at Bain 3 years longer than he stated - Boston.com

"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."
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Old September 25th, 2012, 05:53 PM   #53 (permalink)
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Was he actively running the company during those years? He wasn't? Ok. That's what I thought.
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Old September 25th, 2012, 08:24 PM   #54 (permalink)
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You're wrong, yet again, sounds pretty active to me. From previously cited article:

"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.”"
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Old September 25th, 2012, 09:07 PM   #55 (permalink)
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How in the world can he actively organize the Olympics and run a VC firm at the same time? Can he be in two places at once? You do realize that when he left in 1999 he turned day to day operations over to other people right? Common sense kind of dictates you can't run the day to day operations of a company like Bain and organize the Olympics at the same time. Once he left in 1999 he was not involved in the day to day operations of the company.

Romney kept reins, bargained hard on severance - The Boston Globe

But don't let the facts get in the way of your politics. The way we should do this is decide that everything Romney does is evil because he's a Republican. Then we should figure out why it's evil.
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Old September 26th, 2012, 03:39 AM   #56 (permalink)
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Let me give you a clue, there are technologies called telephones, cell phones, internet, videoconference, email, file sharing, etc. Romney is not a receptionist.

CEO's hire people that report to him. I agree, Romney is incompetent, as he needed $1.3 billion Federal subsidies plus Utah had to kick in for the Olympics . As a Registered Lobbyist, Romney did well in fleecing the taxpayers, but he has a history of that behavior.

McCain called for a Federal investigation for this pork-barrel project as a rip-off of the American taxpayers.

A President has a cabinet of 15, so by your judgment Romney can't handle this responsibility.

btw, you should read the article you cited.

"Romney apparently was trying to shield himself from charges by President Obama’s campaign that he had authority, tacit or otherwise, over Bain investments in companies that shipped jobs overseas. That is an argument being litigated over the course of the campaign, and comes while Romney has declined to release relevant tax returns and meeting minutes that might shed more light on the matter."
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Old September 26th, 2012, 07:17 AM   #57 (permalink)
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Again, Romney had nothing to do with the investment decision at Bain after 1999. He kept the job titles and the revenue stream that came with them, but wasn't doing any of the day to day operations and investment decisions. He left those to his partners. At least according to his partners he did. I guess they are lying.
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Old September 26th, 2012, 01:38 PM   #58 (permalink)
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Read your own cited article.

"Interviews with a half-dozen of Romney’s former partners and associates, as well as public records, show that he was not merely an absentee owner during this period. He signed dozens of company documents, including filings with regulators on a vast array of Bain’s investment entities. And he drove the complex negotiations over his own large severance package, a deal that was critical to the firm’s future without him, according to his former associates.

Indeed, by remaining CEO and sole shareholder, Romney held on to his leverage in the talks that resulted in his generous 10-year retirement package, according to former associates."
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Old September 26th, 2012, 03:20 PM   #59 (permalink)
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Again, don't let the facts get in the way of your bias. We must start from the assumption that the guy is evil. Then we have to figure out exactly why he is evil.

"Before he left, tasks were doled out to other partners, including work on an investment committee and a compensation committee. He was not a partner in the new private equity funds launched in 2000 and 2001, meaning he had no role in assessing new investments, his partners said"

So his partners say he was not involved. But whatever. What do they know. They were there running the company.
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Old September 26th, 2012, 05:29 PM   #60 (permalink)
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Which part of “sole stockholder, chairman of the board, chief executive officer, and president.” is not clear ? The "partners" were employees that Romney could fire at will, depending if they had a contract or not. If you don't think these employees didn't consult with the boss prior to making deals, you live on a different planet.
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Old September 26th, 2012, 06:13 PM   #61 (permalink)
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Quote:
Originally Posted by OutofDate1980 View Post
Which part of “sole stockholder, chairman of the board, chief executive officer, and president.” is not clear ? The "partners" were employees that Romney could fire at will, depending if they had a contract or not. If you don't think these employees didn't consult with the boss prior to making deals, you live on a different planet.
So all of them are liars?
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Old September 26th, 2012, 06:44 PM   #62 (permalink)
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Lying is legal, perjury is not. Under penalty of perjury, Romney stated he was “sole stockholder, chairman of the board, chief executive officer, and president.” Romney was also being paid AT LEAST $100,000.00 by Bain in 2002 as an executive, exclusive of investment income.
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Old September 26th, 2012, 07:22 PM   #63 (permalink)
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so you know exactly what he said under oath in a sealed testimony that youre stating needs to be released?

youre right ...... telling a lie is legal.... and someone is definitely doing a bit of it
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Old September 26th, 2012, 09:59 PM   #64 (permalink)
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Originally Posted by OutofDate1980 View Post
Lying is legal, perjury is not. Under penalty of perjury, Romney stated he was “sole stockholder, chairman of the board, chief executive officer, and president.” Romney was also being paid AT LEAST $100,000.00 by Bain in 2002 as an executive, exclusive of investment income.
And how does that make him involved in the day to day operations of the company?
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Old September 26th, 2012, 10:13 PM   #65 (permalink)
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Bain Capital is and was a Private Equity firm, it raises money to invest. From my previously cited source.

"Government 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."
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Old September 27th, 2012, 07:47 AM   #66 (permalink)
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Again, how does a guy keeping his title mean he's involved in the day to day operations?
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Old September 27th, 2012, 12:43 PM   #67 (permalink)
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What does day-to-day operations mean for “sole stockholder, chairman of the board, chief executive officer, and president.”? Scrubbing the toilets ? How about "creating five new investment partnerships" ?

Chief executive officer "is the highest-ranking corporate officer (executive) or administrator in charge of total management of an organization." Chief executive officer - Wikipedia, the free encyclopedia
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