- Posted July 14, 2012 by
This iReport is part of an assignment:
Election 2012: Your stories
Documents uncovered by Boston Globe show Romney was still involved with Bain in 2002.
A Massachusetts financial disclosure filed by Romney in 2003 shows he still owned 100% of Bain Capital in 2003. Romney destroyed a lot of emails and other things when he completed his job as governor but it looks like a lot of things are coming out relating to other things. No telling what will come out during the election.
From the article.
Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”
Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.
The timing of Romney’s departure from Bain is a key point of contention because he has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date.