When did Romney leave Bain?
When did Romney leave Bain?
The presidential candidate claims he left in February 1999, but documents complicate that picture
One of the key questions in the ongoing war over Mitt Romney’s tenure at Bain Capital is when he actually left the firm. The campaign has always maintained that Romney resigned in February of 1999 to take the helm of the troubled 2002 Winter Olympics in Salt Lake City, but there’s plenty evidence that complicates this narrative.
Today, Mother Jones’ David Corn reports on SEC filings he obtained that seem to show that Romney was still involved in active decision making as late as November 1999. Romney personally signed off on a deal to purchase a medical waste disposal company called Stericycle as was listed as the “sole shareholder, Chairman, Chief Executive Officer and President” of various Bain funds vested in the company. A document filed on November 30, 1999 by Stericycle also lists Romney as holding “voting and dispositive power” in the Bain-held stock. “[W]hy would he be the only Bain executive named as the person in control of this large amount of Stericycle stock?” Corn asks.
It’s a good question and one with tremendous importance.
Twice, first in 2007 during his earlier presidential bid and again this year, Romney filed personal disclosure forms with the Office of Government Ethics which explicitly state that Romney left Bain in early 1999. “Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way,” his ethics filings from June state.
Romney’s campaign has aggressively responded to reports that suggest otherwise. Last week, the campaign met with the Washington Post in an attempt to get the paper to retract its blockbuster report on Bain’s investment in companies that outsource jobs. A Powerpoint presentation prepared by the campaign pushes back on one of the paper’s claims by stating, “Governor Romney left Bain to lead the Salt Lake City Olympics in February 1999.” (The Post refused to retract the story.)
more:http://www.salon.com/2012/07/02/when_did_romney_leave_bain/singleton/
= new reply since forum marked as read
Dick Cheney said several times on camera that he had "severed all ties with Halliburton" even though he was still getting deferred salary and still owned 444,000 stock options. When a reporter finally cornered him on this (years later) he claimed that if he made any profit on the stock, he would "give the money to charity." Still waiting for a follow up on that. 
