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elleng

(130,865 posts)

6. Have to read the agreements,

Reply to madashelltoo (Reply #1)

Sun Jul 15, 2012, 02:59 PM

Jul 2012

but likely several 'partners' are in fact responsible for day to day management, and maybe other aspects of the business. He 'owns,' but like public companies are owned by shareholders, Boards of Directors approve Executives and their actions, that is, those who 'execute' the decisions.

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Former Bain Capital partner says Romney was 'legally' CEO of Bain Capital until 2002 [View all] brooklynite Jul 2012 OP

I know I'm not the most business savvy person alive, but madashelltoo Jul 2012 #1

Have to read the agreements, elleng Jul 2012 #6

But what would make partner a partner? Shares in the company. Atman Jul 2012 #11

Partners in waiting… targetpractice Jul 2012 #13

But he still listed himself as SOLE owner. Atman Jul 2012 #15

Yeah, he was sole owner until he wasn't anymore in 2002… targetpractice Jul 2012 #25

'Shares' do not make one a partner. elleng Jul 2012 #21

He might have been a partner after Romneys exit pschoeb Jul 2012 #16

Bain is the umbrella TeamPooka Jul 2012 #18

Bain Capital is a Limited Liabilty Company FarCenter Jul 2012 #19

Thanks for adding this element of clarity. elleng Jul 2012 #22

This is pretty damn bad if Conard is admitting it. n/t Raven Jul 2012 #2

He wasn't "an" owner of the firm. obxhead Jul 2012 #3

To Bain or not to Bain tooeyeten Jul 2012 #4

Conard said Romney's GREED was the sticking point ProgressiveEconomist Jul 2012 #5

This message was self-deleted by its author bupkus Jul 2012 #7

So it's Conard and the Canard?! tblue Jul 2012 #8

But only retroactively Jessy169 Jul 2012 #9

Oh My..Say it ain't so..Joe...nt Stuart G Jul 2012 #10

Now we need to know what kind of golden parachute Bain took JDPriestly Jul 2012 #12

The money gained from bain is hard to explain Botany Jul 2012 #14

Yeah, but this is making us look bad and Kingofalldems Jul 2012 #17

Everything is so complex because one cannot bonniebgood Jul 2012 #20

The mother ship is Bain Capital LLC FarCenter Jul 2012 #23

But This Opens A New Can Of Worms For Romney DallasNE Jul 2012 #24

Also Mittens used Bain Iliyah Jul 2012 #26

Mainstream media is spinning like fury to put Mr. Bain in a good light Rosa Luxemburg Jul 2012 #27

Did he profit from the deals done during those 3 years b/4 he was bought off? Dustlawyer Jul 2012 #28

It would depend on whether Mitt had a financial interest in the specific deals. FarCenter Jul 2012 #29

who is romney kidding? Harley Jacobson Jul 2012 #30