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dkf

(37,305 posts)

5. Actually it sounds like Romney left Bain in quite a mess.

Reply to K8-EEE (Original post)

Tue Jul 17, 2012, 11:40 AM

Jul 2012

"Romney took a third leave of absence from Bain Capital in February 1999 when he became the head of the Salt Lake Organizing Committee for the 2002 Winter Olympics.[50][51] The decision caused turmoil at Bain Capital, with a power struggle ensuing, several partners threatening to leave, and a prospect of eight-figure lawsuits being filed.[52] Romney was worried that the firm might be destroyed, but the crisis ebbed and he departed as planned.[52]"

http://en.wikipedia.org/wiki/Bain_Capital

I'm not sure how investors felt about Romney skipping out like that. Seems pretty irresponsible to me.

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Don't ALL companies have contingency plans to fill leadership positions in case of death or illness? [View all] K8-EEE Jul 2012 OP

You mean like if Bain companies profited from some of Romney's Olympic deals? Overseas Jul 2012 #1

JJCOAS! Every comapny that wants to survive have contingency plans: rustydog Jul 2012 #2

Maybe he had a lot to hide -- even from the Bain creeps? K8-EEE Jul 2012 #3

I would think if they had any kind of insurance dballance Jul 2012 #4

Actually it sounds like Romney left Bain in quite a mess. dkf Jul 2012 #5