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Politics : Politics for Pros- moderated

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To: RinConRon who wrote (495495)7/12/2012 7:14:29 PM
From: KLP1 Recommendation   of 793891
 
Bain Capital: Romney left in Feb. 1999

By DYLAN BYERS |

    7/12/12 1:50 PM EDT
    Bain Capital sends the following statement, following today's Boston Globe article reporting that MItt Romney was CEO there until 2002:

    Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure. Due to the sudden nature of Mr. Romney's departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999. Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period."

    ( Also on POLITICO: Globe admits credit 'mistake' in Bain story)
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