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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"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???
treestar
(82,383 posts)There were cell phones and laptops and internet in 1999. There's no proof Rmoney worked only on Olympic work.
Brickbat
(19,339 posts)Avalux
(35,015 posts)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.
madashelltoo
(1,696 posts)Common sense costs way too much for me right now. I'm unemployed.
targetpractice
(4,919 posts)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)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)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!