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DFW

(54,370 posts)
Sun Jul 22, 2012, 01:35 AM Jul 2012

Ever wonder how and with whom Romney negotiated his Bain severance package?

The negotiations in 1999 probably went something like this:

Romney as CEO of Bain: "Give me $200 million, and I'll leave."

Romney as chief negotiator of Bain: "We're prepared to offer you $100 million to leave."

Romney as CEO of Bain: "Tell you what, I'll come down to $195 million, and you throw in a mansion and a horse for Ann."

Romney as chief negotiator of Bain: "We'll sweeten it to $105 million and the mansion, but just the horse's ass."

Romney as CEO of Bain: "Make it $190 million, two mansions and the whole horse. Ann's already married to a horse's ass."

Romney as chief negotiator of Bain: "That sounds like something you and I could both live with. Let me think about it for three years or so, and I'll have the papers drawn up when I'm done."

Romney as CEO of Bain: "Deal. Let's shake on it."

His right hand shakes his left hand, and the rest is history.

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Ever wonder how and with whom Romney negotiated his Bain severance package? (Original Post) DFW Jul 2012 OP
You are a cynical bastard, my dear DFW! CaliforniaPeggy Jul 2012 #1
Well, I'm not claiming "they" REALLY shook hands on it...... N/T DFW Jul 2012 #2
If I were going to be nasty I'd suggest he shook something else, but I won't go there. MADem Jul 2012 #3
But of course you were! DFW Jul 2012 #4
Aaaaahhh, mais oui, and "Vive le Roi!" to you monsieur!!! MADem Jul 2012 #6
nice lol TeamPooka Jul 2012 #5
That's pretty good. obxhead Jul 2012 #7
Brilliant! nt SunSeeker Jul 2012 #8
CEO deals are set by the Board of Directors, f.w.i.w., snot Jul 2012 #9
Why is it that with Bain Capital, I get the impression DFW Jul 2012 #10

CaliforniaPeggy

(149,611 posts)
1. You are a cynical bastard, my dear DFW!
Sun Jul 22, 2012, 01:37 AM
Jul 2012

This is most likely very close to the truth, or whatever passes for the truth these days.

MADem

(135,425 posts)
3. If I were going to be nasty I'd suggest he shook something else, but I won't go there.
Sun Jul 22, 2012, 02:20 AM
Jul 2012

What? I was talking about his...tail feather!!

snot

(10,524 posts)
9. CEO deals are set by the Board of Directors, f.w.i.w.,
Sun Jul 22, 2012, 03:16 AM
Jul 2012

but CEO's often have a lot to say about who's on the Board.

That's why, in response to abuse, there's sometimes a push for "independent Director(s)."

DFW

(54,370 posts)
10. Why is it that with Bain Capital, I get the impression
Sun Jul 22, 2012, 01:37 PM
Jul 2012

...that the Board of Directors had about as much sway over Romney as the Log Cabin
Republicans have with Mitch McConnell?

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