Boston Globe Confirms: Romney Left Bain in February 1999!

The Boston Globe reports that Mitt Romney did indeed leave Bain in early 1999, and after a few meetings in the following months to work out the details how the firm would run, it was decided that a team of five will make decisions. Romney’s only involvement afterwards, reports the Globe, was signing certain documents as a CEO is required by law, and to workout exact details of his retirement.  H/T to Political Wire for fishing out the most relevant parts of the Globe report:

“Shortly after Mitt Romney took a leave of absence from Bain Capital to run the Olympics in February 1999, he made a trip to Palm Beach, Fla… Romney and his partners had decided that, in his absence, five managing directors would oversee the company. And in Palm Beach it became clearer that Romney was unlikely to return — but would retain his title as chief executive officer and sole shareholder. [Romney therefore]… signed dozens of company documents, including filings with regulators on a vast array of Bain’s investment entities. And he drove the complex negotiations over his own large severance package.”

All in all, the Boston Globe confirms the story-line that Mitt Romney has been using and saying for almost ten years now.

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  • Jgarcia99

    Bottom line the buck stops with the CEO

    • Yossi

      Romney never denies being CEO until 2002. Ye, the buck – all those jobs created and tax for government produced from 1999 through 2002 – stops with Romney; the CEO. What a scandal.

  • GoldBell

    CEO who signed off on Anti-American outsourcing of jobs.
    A real Anti-American pioneer.

    • Yossi

      1)Less than a handful of the dozens companies that Bain saved, sent jobs overseas. 2) the increased profits that those firms had by low labor cost from overseas, meant more tax for the US government. 3) Obama sent billion of Green Jobs/Stimulus money overseas. 4) Obama’s overseas green stuff busted; Romney’s at least was a success.

  • http://www.vjmachiavelli.blogspot.com VJ Machiavelli

    Truth does not “MATTER” in a political campaign

    Before there was the “Oracle of Delphi” there was Count Vampire J. Machiavelli

    VJ Machiavelli
    Power to the People who “VOTE”

  • http://twitter.com/liberalgrouch The Liberal Grouch

    Funny how THIS Globe report contradicts what they were reporting in 2001!

    http://www.theliberalgrouch.com/2012/07/23/hello-liberal-media-some-mitt-dirt-here-hello/

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