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cbdo2007

(9,213 posts)
Thu Jul 12, 2012, 02:25 PM Jul 2012

Romney's history of lying about his record at Bain - from 2002

WORKERS PRESS ROMNEY ON LAYOFFS AS IN '94, BAIN IMPACT AT ISSUE
Boston Globe - Boston, Mass.
Author: Yvonne Abraham, Globe Staff
Date: Oct 29, 2002

[ROMNEY] aides are betting the strategy will not work twice, particularly because this time, unlike in 1994, they are launching an aggressive counterattack, accusing [Shannon O'Brien] of exploiting the workers and of distorting Romney's role in the closings. Romney, who was CEO of Bain Capital until 2001, has repeatedly said he was on leave from the company in 1994, when strikes erupted at Ampad's now- closed Indiana paper plant, and again in 2001, when GST Steel, a Kansas City plant, laid off workers and closed.

Yesterday, his campaign released a letter from the former CEO of GST, absolving Romney of any responsibility for the plant's closing. The campaign also produced a letter from Bain's lawyers, saying Romney was not actively involved with Bain after Feb. 11, 1999, even though he was sometimes called on to sign Bain's SEC filings. "The plant did not close because of Mitt Romney," said Mark Essig, the former CEO. "The plant closed because we could not compete with the flood of cheap foreign steel pouring into the United States . . . It saddens me that the pain and suffering of so many resulting from the closure of the plant have been twisted to serve someone's political purpose."

Even as Essig and the Staples employees came to Romney's defense, another view was voiced by Charles Hanson III, who was CEO of Ampad from 1992 until 1998, when Bain asked for his resignation. Hanson said that though he had had no direct contact with Romney after Bain took over Ampad in 1992, it was clear to him that "any significant direction we received would certainly have been authorized by him."

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This article has a few good nuggets - first, that Romney was CEO of Bain until 2001. Also, that when asked about layoffs, he goes back to his old MO of saying he was conveniently on leave of absence in 1994. Everybody out there keep looking for this stuff. There must be many more article and such out there just like it!

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Romney's history of lying about his record at Bain - from 2002 (Original Post) cbdo2007 Jul 2012 OP
Link to the article alp227 Sep 2012 #1
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