Massachusetts Commission’s finding:  Romney left Bain in '99
July 13th, 2012
02:27 AM ET
2 years ago

Massachusetts Commission’s finding: Romney left Bain in '99

(CNN) – In 2002, before Mitt Romney was elected governor of Massachusetts, political opponents in the state were out to knock him off the ballot. So they challenged his eligibility to be a gubernatorial candidate based on state residency requirements.

The bipartisan panel that handled the case, the State Ballot Law Commission, ruled in Romney’s favor. But buried deep in the 40-page document detailing its decision, the commission found the following:

“The Respondent remained actively employed at Bain Capital until January 1, 1999, at which time he left to take the position of President and Chief Executive Officer of the Salt Lake Organizing Committee for the 2002 Winter Olympic Games.”

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A campaign official for the GOP contender released the commission’s ruling to CNN in response to questions about recently revealed federal and state documents that list Romney as the CEO and President of Bain Capital as late as 2002, three years after the Republican presidential candidate said he left the company.

An official with the campaign, did not dispute that Romney’s name appears on Bain’s filings at the Securities and Exchange Commission in 2001. He said it “just wasn’t the case” that Romney was involved in any managerial decisions at the firm.

“The reason he was on the filings is that he was technically with the firm,” the official told CNN.

In a conference call with reporters Thursday, a top Obama campaign official accused Romney of “misrepresenting” his business record to either the SEC or to voters.

The official pointed to the ballot commission’s ruling that noted Romney rented an apartment in Utah and “worked, on average, over 12 hours per day, 6 days per week” after joining the Salt Lake City Olympics organizing committee in 1999.

The ballot commission document is likely to prompt more questions about Romney’s ties to Bain after his move to Salt Lake City. As part of its ruling in favor of Romney’s residency eligibility, the panel noted Romney testified to the commission he traveled to Massachusetts where he sat on the board of one notable Bain-related company, the office supply chain, Staples.

Romney “testified that he was a director of Staples, Marriott International and Life Like,” the commission’s finding states.

The GOP contender has often touted his involvement in establishing Staples as part of his work at Bain.


Filed under: 2012 • Massachusetts • Mitt Romney
soundoff (41 Responses)
  1. Zee

    -"He said it “just wasn’t the case” that Romney was involved in any managerial decisions at the firm."
    -“The reason he was on the filings is that he was technically with the firm,” the official told CNN.

    Are you kidding me CNN? It seems anymore that someone could tell you Ahmadinejad will be elected the next President of the US and you would run with it.

    Congratulation, you have hit an all-time low.

    July 13, 2012 09:13 am at 9:13 am |
  2. Ray E. (Georgia)

    The Democrats are really scraping the bottom of the barrel. I would guess that Obama's inside Polling Numbers are really bad.

    July 13, 2012 09:13 am at 9:13 am |
  3. Forget it

    I believe people are tired of this nonsense. All these stuff just enforces that Romney is rich guy, and we already know. I don't have a problem to have a rich guy to run the office. Do you honestly to let a poor looser to run the country. For me, there is no difference between a rich guy like Obama with a few milllions and the guy like Romney with hundreds of millions.

    July 13, 2012 09:14 am at 9:14 am |
  4. Laverne

    This guy is to elusive and sneaky, he will do whatever and whenever to get what he wants. He has to much to hide and he was a risky candidate from the beginning to put all our money and bets on. I won't be surprised he goes down in flames this fall!

    July 13, 2012 09:39 am at 9:39 am |
  5. Mack

    He left...but he didn't.

    July 13, 2012 09:40 am at 9:40 am |
  6. SEAL Team Alpha and Omega

    This is what the rich and powerful do: cover up their activities and make it look like something more legit was going on. Willard is a master concealer of everything he did and is still doing. He won't release more than one year's worth of historical tax records. He won't explain how intimately he was involved and responsible for closing businesses that were actually making a profit in the U.S. but were closed and outsourced to China so Willard Romney could get filthy rich at the expense of suffering American workers and families. Mitty boy has a laundry list of things that would cause every voter to turn their backs on him if they only knew the truth. But Willard is protected by the Republicans in Congress and by the wealthy corporate CEOs.

    When Bush was elected, there was a British journal that had a head that read "How can so many millions of Americans be so dumb?". It's happening now too with Willard. The GOP is using denial and deception tactics and techniques to confound the masses into mindless and irrational behavior through their psychological warfare tactics.

    Americans need to wake up fast to the truth.

    July 13, 2012 09:41 am at 9:41 am |
  7. JimB

    The next thing Romney will say is "that I am not a crook." It seems he continued to benefit from being in charge of Bain after he said he left. This must be the reason he won't release his tax returns. I don't understand why this isn't a bigger story. It seems again he lied, as he has done on so many questions. Also after he said to left Bain sent many jobs overseas to China. It just seems Romney is involved in "legal" corruption. How can he say he is the "job creator" ? How can anyone believe anything he says? I can't believe the American people are buying any of story.

    July 13, 2012 09:52 am at 9:52 am |
  8. Jetty

    Did Mitt Romney lied by signing the SEC reports after he left Bain Capital in 1999? What is the legal implication for that? Does this what the Obama Campaign label as a Felony committed by Mitt Romney? Let CNN investigative team educate the American Public.

    July 13, 2012 09:55 am at 9:55 am |
  9. Dave

    Another bogus and biased CNN article. Many people retire or leave full time employment at a particular company, but don't sever ties. I can't believe Obama or CNN is criticizing someone else for lies. Obama said he would cut the deficit in half, but he doubled it. He said George Bush was unpatriotic for increasing the debt, and then he adds $5 trillion. Obama said the stimulus would reduce unemployment below 8%, but that has not happened. Obama said he would be transparent, but the health care bill was debated in private. He said he opposed executive privilege but then uses it to cover the fast and furious debacle. He said green energy is the wave of the future, but then Solyndra goes out of business. He said bailouts would save GM, but it still went bankrupt. Give me a break on the hypocrisy!

    July 13, 2012 09:59 am at 9:59 am |
  10. Bess

    God help us~!!!! Are there any honest politicians?? NO NO NO NO

    July 13, 2012 10:04 am at 10:04 am |
  11. Dan

    This is so typical of CNN, ABC, NBC, & CBS. Publishing this article about a thin attempt to frame Romney for something ridiculous that has already been put to bed LEGALLY, while ignoring the story that one of Obama's spokepersons stated that Mitt 'may have committed a felony' and Mitt is demanding an apology. Mitt's campaign could say the same thing about Hussein with his connections to Bill Ayres, a known domestic terrorist. Pathetic.

    July 13, 2012 10:10 am at 10:10 am |
  12. Greg

    "Even though all of my friends remember my bullying a fellow-student, I have no memory of such an act!" Even though I left Bain in 1999, I might have remained with them for several more years. I have no memory of such a situation. Selective memory is frightening! Does this man remember anything that he did that might have touched illegality? Nah! His whole campaign effort is "Forget what you hear from others and believe only me!" Nah!

    July 13, 2012 10:12 am at 10:12 am |
  13. ST

    The only solution to solve this problem is to issue Tax Returns. It will show whether he was paid that time or just volunteering. Romney was technically with the firm after 1999? The translation of this is: he was still dealing with the firm and hence got paid in return of his service.

    July 13, 2012 10:16 am at 10:16 am |
  14. CanadaONE

    Come On America – YOU are smarter THAT – he was CEO but he know nothing???? – WHO signed the emails – WHO signed the contracts – WHO gave them the money to outsourse and Ok the NAFARIOUIS agrrements

    In our country a CEO is responsible – to say he knew nothing is a LIE and INCOMPETENT

    This guy has more "hiden" closets than all the Amercian presidents combined

    YaH. Rigfht – he knew nothing!!! thse artilces are seen by world and cast a darK IMAGE

    GET RID OF ROMONEY FAST !!!!!!

    July 13, 2012 10:23 am at 10:23 am |
  15. The Other Dale

    The main thing that Romney's camp seems to be forgetting, but others are not, is that Romney profitted from this association, and certainly didn't have any objections to profitting from those decisions made. Hence, the reason all these "lies" are sticking to him – it's the truth.

    July 13, 2012 10:27 am at 10:27 am |
  16. Chris

    who cares?

    July 13, 2012 10:31 am at 10:31 am |
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