W. Mitt Romney is quitting Boston-based Bain Capital, the $13 billion investment firm he started with $35 million in 1984.
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I thought your post included an excerpt of a larger article but your reference was all that was in the article. I would like to know some more specific details before I buy this. Romney is a genius buisnessman and he just gave away a company worth 13 billion dollars without keeping a hand in it. How much did he get? What are his ties? I don’t believe that he just gave this company away.
Giving up control does not necessarily mean that he gave it away for free.
I have no idea how much, if any, compensation he received for relinquishing control.