Daily Archives: July 15, 2012
A recent series of Boston Globe articles reported that despite telling the public that he “left Bain Capital in 1999″ and “relinquished all management authority” that Mitt Romney was the CEO of Bain Capital, according to SEC filings in 2002. CNN has reported that it confirmed that:
“an SEC filing from 2001 also listed Romney as the ‘sole shareholder, sole director, chief executive officer and president of Bain Capital.’”
We at NTWN are a bit confused because Mitt Romney is running for President of the United States, yet at the same time saying he relinquished all management authority of Bain Capital, while filings indicate he was its President!
It seems Mitt Romney wants to bring his “business experience” to the presidency, and business experience can apparently include “presidents doing nothing,” a statement shareholders of marker-share-losing Nokia and RIM may agree with. Still critics on either side of the aisle might name a few presidents who they say did nothing, so this may not be as bad as it seems for Romney, even if some are questioning the legality of his filing. Still, don’t worry Mr. Romney, like all things in life this situation could have been even worse! Here are:
3 Worse Things Mitt Romney Could Have Told The SEC in 2001 or 2002
1. “I am the ‘soul shareholder’ of everyone at Bain Capital. Yes, they all sold their souls to me. I am holding these souls as a passive investment and plan on auctioning them off on eBay in 10 years, which will certainly be allowed!” Note to our readers: as we earlier wrote about here, a woman who tried to sell her soul this year for $2,000 was not permitted to do so on eBay, but days later, this dude in a kayak had success selling his soul for a cool $7! Way to beat the system, and also prove that capitalist markets do work! Read the rest of this entry