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Romney Stayed at Bain 3 Years Longer Than He Stated

July 12, 2012 · 8:17 am ET · Leave a Comment

Mitt Romney “has repeatedly sought to distance himself from some business dealings at Bain Capital by asserting that he left the firm in February 1999, but a review of public records shows that his authority lingered for three more years as Bain repeatedly listed him on government filings as the man in charge,” the Boston Globe reports.

“Until 2002, when Romney and Bain Capital finalized a severance agreement, he remained the firm’s ‘sole stockholder, chairman of the board, chief executive officer and president,’ according to SEC documents. The description was applied even to the creation of five new Bain partnerships a full three years after Romney has said he relinquished all control.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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