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aint_no_life_nowhere

(21,925 posts)
2. He was the founder, he established the policies, he created the particular corporate culture of Bain
Sat Jul 14, 2012, 03:07 PM
Jul 2012

he chose the people to act in his stead and delegated his authority to them while he went off to handle the Olympics, he was the number one beneficiary of corporate gains while still sole shareholder, he had every interest in keeping informed of corporate activities in his absence, he had as CEO and managing director the power to intervene at any time if he didn't agree with corporate offshoring, and he was the formal representative at law of the company before the SEC. Holding all these titles (CEO, President, Managing Director, sole shareholder) there's even the chance that if Bain had been sued for a tort even while Mitt was away, that the corporate veil might have been pierced and Romney found personally liable as it looks like he was running the company entirely for himself as its alter ego.

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