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Romney Admitted in 2002 He Never Cut Ties to Bain

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Politicker: “Back in 2002 when he was running for Governor of Massachusetts, Mitt Romney and his aides had no problem admitting he retained his position as CEO of Bain Capital after 1999. Press articles from the time describe how Mr. Romney was on a ‘leave of absence’ after 1999 and had not fully cut ties with the private equity firm.”

Dave Weigel quotes a Boston Herald article when Romney left the firm in February 1999: “Romney said he will stay on as a part-timer with Bain, providing input on investment and key personnel decisions.”

Meanwhile, Daily Kos has a press release from mid-1999 that describes Romney as being “part-time.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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