Don't ALL companies have contingency plans to fill leadership positions in case of death or illness?

[K8-EEE]

Seriously, every corporation I've ever worked at has a 2nd and 3rd in command and it's understood that if Big Kahunah #1 had a heart attack or something, #2 would be ready to step in and run the place.

As I understand it Willard's Official Story is he had to lend his divine presence to "save" the Olympics (with taxpayer $$) in such a hurry that he couldn't even leave and had to keep on signing stuff for years, because nobody else at the place could hold a pen. Or something.

NONE of that story of I-was-CEO-but-not-really makes any sense. All I can say is Bain must have really done some evil stuff for him to want to distance himself from them so much!

[Overseas]

1. You mean like if Bain companies profited from some of Romney's Olympic deals?

It would be awful for him if those deals came to light during Olympic Season.

It would be rough for Mitt if he personally profited from deals made for the Salt Lake City Olympics. Maybe he can retroactively undo those deals though.

[rustydog]

2. JJCOAS! Every comapny that wants to survive have contingency plans:

If someone as lowly as a department manager is off for weeks due to injury, illness or vacation: an e-mail goes out advising of the absence and who will be in fucking charrge while the manager is gone.

If there is a termination, you can have an INTERIM manager appointed. That position would be announced to the small people also.
Romney and his Campaign are lying through their pearly whites.

Why in Hell would Ronmey, sole owner, sole stockholder and CEO not have contingency plans?

[K8-EEE]

3. Maybe he had a lot to hide -- even from the Bain creeps?

[dballance]

4. I would think if they had any kind of insurance

The insurers would have demanded a contingency and succession plan

[dkf]

5. Actually it sounds like Romney left Bain in quite a mess.

"Romney took a third leave of absence from Bain Capital in February 1999 when he became the head of the Salt Lake Organizing Committee for the 2002 Winter Olympics.[50][51] The decision caused turmoil at Bain Capital, with a power struggle ensuing, several partners threatening to leave, and a prospect of eight-figure lawsuits being filed.[52] Romney was worried that the firm might be destroyed, but the crisis ebbed and he departed as planned.[52]"


http://en.wikipedia.org/wiki/Bain_Capital

I'm not sure how investors felt about Romney skipping out like that. Seems pretty irresponsible to me.