Former Bain Manager: Romney’s Departure Took Years Because It Was Complex Process

[maddezmom]

5. what a load.

In a November 2000 interview with the Globe, Romney’s wife, Ann, said he had been forced to lessen, but not end entirely, his involvement with Bain Capital.



(2) Interviews with Romney's wife and his lawyer regarding this period:
In a Boston Globe interview with Ann Romney from November 2000 the reporter learned
that Mitt Romney was dividing his time between running Bain and running the Olympics
project. “The (Olympics) project is running smoothly now, though still requiring so much
of Mitt Romney's time that he has had to lessen his involvement with Bain Capital, his
investment firm." (“West Wings Sprout,” Boston Globe 11/11/2000). Please note: not
end his involvement with Bain, but "lessen it"-precisely as Romney acknowledged in
shifting to part-time management involvement in l999.

Romney’s own personal lawyer as stated that he only became a passive investor in Bain
in August of 2001: “(Bradley) Malt, who was designated by the campaign to address
Romney’s time at Bain, said Romney finally resigned and reduced his role at the
company to that of a passive investor in 2001 when it became clear that he was going
to run for Massachusetts governor after the Olympics.” (“Cash, Advice on Tap at
Romney’s Old Firm” Washington Post 10/21/2007)

http://factcheck.org/UploadedFiles/2012/07/OFA-FACTCHECK-LETTER-FINAL.pdf

hat tip to m_v.
http://www.democraticunderground.com/?com=view_post&forum=1014&pid=166394