There is no evidence that Mitt Romney exercised his powers at private equity firm Bain Capital after 1999 or directed funds’ investments after leaving
, The New York Times reported.
Although some documents place the Republican presidential hopeful in charge of Bain from 1999 to 2001, a period in which the company outsourced jobs and ran companies that fell into bankruptcy, it is not related to who was running Bain at the time
, the Times reported.
........Financial disclosures filed in Massachusetts back up Romney’s case
and show that he drew at least $100,000 in 2001 from Bain as a “former executive” and from other Bain entities as a passive general partner
, according to the Times.
The newspaper also pointed to an offering memorandum to investors in a Bain equity fund that was circulated in June 2000 and suggests Romney was not involved in the management of investments
. The memorandum lists backgrounds on 18 managers, or “senior private equity investment professionals of Bain Capital,” and Romney is not among them.
Finally, a 2001 filing lists Michael F. Goss as “president, managing director and chief financial officer,” along with 17 other managing directors, with Romney absent from the list
. His absence shows that he still owned Bain’s management company but was not an officer.http://www.newsmax.com/Newsfront/Romney-Bain-left-evidence/2012/07/16/id/445489?s=al&promo_code=F7AF-1
LOL! Obama chokes again. He's got to whip up the donors and brand Romney fast before he gets overwhelmingly and brutally crushed by a friendly "Mormon Ad" campaign.