Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Avalux

(35,015 posts)
Sun Jul 15, 2012, 10:21 AM Jul 2012

"By a common sense standard......"

Sen. Kelly Ayotte is on ABC News defending Romney's lies, and says that by a common sense standard, we all know when Romney left Bain in 1999 for the Olympics, he was working 16 hours days and couldn't possibly have continued to run things at Bain!

Come on people, can't you see we're being ridiculous? Don't we have any common sense???


8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
"By a common sense standard......" (Original Post) Avalux Jul 2012 OP
It's not like he literally had to be at any particular office or place treestar Jul 2012 #1
So the income from Bain after 1999 was for doing NOTHING, Kelly? Brickbat Jul 2012 #2
Unfortunately, that never came up. Avalux Jul 2012 #4
No, Ma'am . . . uh, we don't. madashelltoo Jul 2012 #3
When did he stop making money from Bain? targetpractice Jul 2012 #5
Another contradiction Tom Rinaldo Jul 2012 #8
Yeah, it's totally common sense to get paid more than $100,000 in SALARY for doing nothing alcibiades_mystery Jul 2012 #6
the mighty alcibiades! Viva_La_Revolution Jul 2012 #7

treestar

(82,383 posts)
1. It's not like he literally had to be at any particular office or place
Sun Jul 15, 2012, 10:22 AM
Jul 2012

There were cell phones and laptops and internet in 1999. There's no proof Rmoney worked only on Olympic work.

Avalux

(35,015 posts)
4. Unfortunately, that never came up.
Sun Jul 15, 2012, 10:30 AM
Jul 2012

Softballs were thrown at her all the way. BTW - the SEC filing states "over 100,000", which means 100k was the lower limit. The amount is unkown.

targetpractice

(4,919 posts)
5. When did he stop making money from Bain?
Sun Jul 15, 2012, 10:31 AM
Jul 2012

The commonsense question is… When did he stop making money from Bain?

The answer is… When his severance package expired.

The Boston Globe article from Friday claims that Romney negotiated a ten-year severance package starting in 1999. That would mean he made money from his ownership stake and severance package from Bain activities and investments through 2009. I'll bet his tax returns would confirm this.

Tom Rinaldo

(22,912 posts)
8. Another contradiction
Sun Jul 15, 2012, 10:53 AM
Jul 2012

Romney supposedly remained PAID CEO etc. for three years beause it took that long to handle the negotiations and to legally work out his departure. It's not like Baincould afford a good legal team to write up a draft of the agreements and handle the needed paperwork to codify them. It took 3 years because Romney didn't sign off on leaving Bain for three years. His severance date was retgroactive but he kept the salary he "earned" for those 3 years.

Romney is a fool for trying to run away from Bain's record between 1999 and 2002.

 

alcibiades_mystery

(36,437 posts)
6. Yeah, it's totally common sense to get paid more than $100,000 in SALARY for doing nothing
Sun Jul 15, 2012, 10:32 AM
Jul 2012

It's totally common sense to "retroactively retire" three years after your retirement date, getting paid a salary all the while.

It's totally common sense to be the sole owner of a company (or three, or eleven, who's counting?), but not have any influence on the decision-making.

It's totally common sense to be the CEO of a company and not have any influence.

It's totally common sense to be the Chairman of the Board of a company and have no direct role. I mean, Frank Sinatra was Chairman of the Board, right, and he wasn't doing anything in the respect. Common sense!

It's totally common sense to be the managing director of a company, and not make any management or direction decisions. Everybody does that. Come on!

Common sense, people. Use your common sense!

Latest Discussions»General Discussion»"By a common sense s...