old news, nothing to see here, move along.
seriously, Romney has nothing to do with Bain Capital anymore and hasn’t for a long time.
From 2001:
http://www.bizjournals.com/boston/stories/2001/08/20/daily27.html
W. Mitt Romney is quitting Boston-based Bain Capital, the $13 billion investment firm he started with $35 million in 1984. The son of a former governor and himself a presidential candidate is going into politics in either Massachusetts or Utah after he completes work helping organize next year’s Salt Lake City Winter Olympics.
Romney, 54, is giving up his 100 percent control of Bain Capital to 26 managing directors. The firm has made 170 venture and buyout investments in companies like pizza delivery chain Domino’s Pizza Inc., brokerage Datek Online Holdings Corp. and retailers Staples Inc. and the Sports Authority Inc.,
Yes, thanks for the definitive post. It is simply outrageous that people are saying otherwise.
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.