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Romney Adviser: Mitt Quit “Retroactively”

Romney Adviser: Mitt Quit “Retroactively”

The controversy surrounding Mitt Romney’s departure from Bain Capital continued to swirl Sunday, with a former Bain partner admitting that Romney was “legally” in charge of Bain from 1999 through 2002, and an adviser to Romney claiming that Romney retired from Bain “retroactively.”

Ed Gillespie, a top adviser to Romney, said “that he [Romney] could be part time” at Bain after taking on duties running the 2002 Winter Olympics, but that he instead “took a leave of absence.”

Gillespie added, “he ended up not going back at all and retired retroactively to February of 1999 as a result.”

He made a similar statement on NBC’s “Meet the Press.”

The statement drew a mocking response from supporters of President Barack Obama, who noted that Gillespie was essentially conceding that Romney had in fact been involved with Bain through 2002.

The Boston Globe, meanwhile, published a story on Saturday saying Romney’s position on his departure from Bain has “evolved,” and that evidence shows that Romney had at least some connection to the company he founded after February of 1999, when he maintains he left the company.

Former Bain partner Ed Conard also admitted Sunday that Romney had been officially in charge of Bain through 2002. Asked by MSNBC’s Chris Hayes whether Romney was in fact CEO of Bain during that time, Conard replied, “Legally, on documents, I suppose, yes.”

Conard said that Romney’s departure as CEO was delayed by negotiation of a severance package for Romney.

Since running for governor of Massachusetts in 2002, Romney has maintained that he departed Bain in February of 1999. The timing of Romney’s departure is important, because Bain was involved in a number of politically problematic transactions after Romney’s claimed departure time, including the shuttering of GST Steel and investment in a company that disposes of medical waste, including aborted fetuses.

Romney again attacked the Obama campaign Monday. On “Fox and Friends,” Romney said, “What does it say about a president whose record is so poor that all he can do in this campaign is attack me?”

Obama denied that he was simply attacking Romney. In an interview on “CBS This Morning,” Obama said, “we’ve done a whole slew of positive ads that talk exactly about how we need to change our education system, how we need to change our tax code, how we need to rebuild America, how we need to promote American energy. Those just don’t get attention in the news.”

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97 comments

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6:03AM PDT on Sep 26, 2012

convenient

8:22AM PDT on Jul 23, 2012

Dorothy-Take a green star out of petty cash, on me!

8:25AM PDT on Jul 20, 2012

After he quit retroactively I bet eh just gave a llllll that pay back right??? HAHAHAHHAHAH

5:44PM PDT on Jul 18, 2012

When your name is on the official documents as "being in charge" then you are in charge. What hapens during tha time is your ultimate responsibility.

3:14PM PDT on Jul 18, 2012

Interesting concept. Now if I could figure out how to get retroactively HIRED by bain and pick up 3 years worth of paychecks, I'd be a happy camper.

7:35AM PDT on Jul 18, 2012

Mitt has created his own new anti-aboertion plan - he will merely have women retroactively go on the pill and men can retroactively put on condoms.

11:18PM PDT on Jul 17, 2012

Romney again attacked the Obama campaign Monday. On “Fox and Friends,” Romney said, “What does it say about a president whose record is so poor that all he can do in this campaign is attack me?”

Rmoney is doing nothing but trying to distract people away from his own record of failures and lying. Rmoney has no qualms about attacking Mr Obama in his ads. Seems Rmoney's phrase is coming back to haunt him --- Sauce for the goose is sauce for the gander!

Vote Democratic 2012!!!!! Vote Obama/Biden 2012!!!!!



7:23PM PDT on Jul 17, 2012

Obama has been relatively quiet with the GOP not only Romney. These GOPs have been bombarding and against any decisions he made since day 1 in office.

6:42PM PDT on Jul 17, 2012

@Shron R. [There is no evidence that Mitt Romney exercised his powers at private equity firm Bain Capital after 1999 or directed funds’ investments after leaving]

in June of 2002, Mitt Romney testified before the Massachusetts Ballot Law Commission in order to prove that he met residency requirements to run for governor. During that testimony, Romney said that while he was working on the Olympics, he served on three corporate boards of directors. Two of those companies (Staples and LifeLike) Bain held a stake.

As CEO for the 2002 Olympics Romney even then out sourced the athletes uniforms ,which is why his (no comment , evasion) when asked to take a position on the off shoring of Olympic uniforms.

Bain CEO: Romney
Chairmen of the board :Romney
Sole Stock holder: Romney

Residence qualification for Governors ballot : Bain business activities.

5:37PM PDT on Jul 17, 2012

"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."
http://www.newsmax.com/Newsfront/Romney-Bain-left-evidence/2012/07/16/id/445489?s=al&promo_code=F7AD-1

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