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Reply #1


Response to Dalai_1 (Original post)

Thu Jul 12, 2012, 08:01 AM

1. "Are you telling me he owned the company but had no say in its investments?"

A former SEC commissioner told the Globe that the SEC documents listing Romney as Bain’s chief executive between 1999 and 2002 cannot be dismissed so easily.

“You can’t say statements filed with the SEC are meaningless. This is a fact in an SEC filing,” said Roberta S. Karmel, now a professor at Brooklyn Law School.

“It doesn’t make a whole lot of sense to say he was technically in charge on paper but he had nothing to do with Bain’s operations,” Karmel continued. “Was he getting paid? He’s the sole stockholder. Are you telling me he owned the company but had no say in its investments?”

The Globe found nine SEC filings submitted by four different business entities after February 1999 that describe Romney as Bain Capital’s boss; some show him with managerial control over five Bain Capital entities that were formed in January 2002, according to records in Delaware, where they were incorporated.

Good read. Thanks for posting the link.

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Dalai_1 Jul 2012 OP
LineNew Reply "Are you telling me he owned the company but had no say in its investments?"
klook Jul 2012 #1
Dalai_1 Jul 2012 #4
klook Jul 2012 #6
HughBeaumont Jul 2012 #2
demwing Jul 2012 #3
democrat_patriot Jul 2012 #5
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