July 15th, 2012
02:23 PM ET
9 years ago

Gillespie: Romney 'retroactively' retired from Bain Capital

(CNN) - Mitt Romney senior adviser Ed Gillespie said Sunday on CNN’s "State of the Union" the GOP candidate “retroactively” retired from Bain Capital after the 2002 Salt Lake City Olympics began.

"You know, there may have been thought at the time that he could be part time," Gillespie told CNN Chief Political Correspondent Candy Crowley. "It was not part time. The Olympics was in a shambles. There was corruption. There was - the International Olympic Committee was going to pull the Olympics from the United States of America which would have been a huge embarrassment. Because of Mitt Romney's leadership skills he was called on to do it."

Gillespie continued, "He took a leave of absence and, in fact, Candy, he ended up not going back at all and retired retroactively to February of 1999 as a result."

Watch State of the Union with Candy Crowley Sundays at 9am ET. For the latest from State of the Union click here.

Filed under: Ed Gillespie • TV-State of the Union
soundoff (36 Responses)
  1. Jules

    He retired retroactivly????? More creativity than we have seen from Romney but just as pathetic.

    July 15, 2012 02:41 pm at 2:41 pm |
  2. Wire Palladin, S. F.

    Gillespie just made Mittens look like a liar again. The SEC should be contacting Mittens about not being truthful and false reports. Baggers need to draft Rick, Newt, or Ron Paul, as Mittens is as dishonest as they come.

    July 15, 2012 02:42 pm at 2:42 pm |
  3. GI Joe

    "Tom DeLay...received $28,900 in personal campaign donations from Enron Corp since 1989;
    in addition, Enron used as lobbyists two influential members of DeLay's informal kitchen cabinet...
    received $10,000 corporate contribution from Enron in 2000 for its unregulated 'soft money';
    the group also received $47,250 in regulated contributions in 1995 through 2000 from Enron."
    In return, DeLay pushed a "stimulus" bill which would have given Enron a $254 million tax break -
    which RNC chairman Ed Gillespie, a registered Enron lobbyist and key Bush ally, lobbied on behalf of.
    Enron executives described Gillespie as their key contact to Bush.

    July 15, 2012 02:42 pm at 2:42 pm |
  4. GI Joe

    If Robme has ALL of Bush's advisors, he'll ruin the country AGAIN LIKE BUSH DID. We can't afford that.

    Besides – He's a mormon and everyone knows they lie for their GOD Joe Smith and built a shrine to him in SLC.

    July 15, 2012 02:44 pm at 2:44 pm |
  5. Jules

    Too bad he had already signed the SEC forms as owner, chairman of the board, president and CEO. Say, with all his billionaire supporters, there is probably a way he could sign those SEC forms retroactively. Deeper and deeper – we all need bigger boots.

    July 15, 2012 02:45 pm at 2:45 pm |
  6. TNPatriot

    That's a great answer. OK, so he decided in 2002 that he didn't want to carry the baggage of what he was responsible for, so he 'claims' to retire retroactively. What kind of an IDIOT makes that kind of assertion?? I bet George Zimmerman wished he could retire retroactively from the neighborhood watch, so he can say he didn't pull the trigger.

    July 15, 2012 02:45 pm at 2:45 pm |
  7. 333maxwell

    I wonder if the GOP would like to retroactively have a re-vote on their candidate.

    July 15, 2012 02:50 pm at 2:50 pm |
  8. Franks

    Did Romeny retroactively return all the money he was paid as CEO of Bain when he realized he wasn't really CEO anymore?

    July 15, 2012 02:50 pm at 2:50 pm |
  9. namryan

    Oh, I see... now I can cheat on my girlfriend and break-up retroactively with her if she discovers me... cool!

    July 15, 2012 02:52 pm at 2:52 pm |
  10. CurtisJasper

    It really does seem like Romney and co. have tossed in the towel and don't want to win this thing, doesn't it?

    July 15, 2012 02:53 pm at 2:53 pm |
  11. Mr 1% the "VULTURE CAPITALIST BUSINESSMAN" will outsource all the poor, disabled, unemployed and elderly, to China and sell America to the highest bidder!

    "Because of Mitt Romney's leadership skills he was called on to do it."

    So, to recap, it takes 4 years to change the management at a company that specializes in changing the management of companies under the "leadership" of Mittens???

    We tried that "leadership" for 7 years with the GOP search for Bin Laden.

    Not all of us are as ignorant and simple as the GOP's Fox flock of sheeple.

    July 15, 2012 02:54 pm at 2:54 pm |
  12. RSaundersPA

    A retroactive retirement after a leave of absence? He was still CEO. Why does the story keep changing? Don't stand too close or you might get smacked by a flip-flop.

    July 15, 2012 02:54 pm at 2:54 pm |

    Ed and the unhinged GOBP goofed when they used the simplistic Mitt McCain businessman tactic. Our great President Obama has their number at every turn.

    July 15, 2012 02:56 pm at 2:56 pm |
  14. Babe

    Ah, that explains it all: Gillespie continued, "He took a leave of absence and, in fact, Candy, he ended up not going back at all and retired retroactively to February of 1999 as a result." Of course if I head up a company for a couple of years, and then say I've left retroactively from a year after I'd begun–ah, well. How can you say I was there? This could only be Mitt Romney. As usual, it's Mitt against Mitt. He is and he isn't at the same time. He's yes and no, off and on. First he's against something, then he's for it. Or wait, is it the other way around?

    July 15, 2012 02:56 pm at 2:56 pm |
  15. Kate

    What a bunch of spin! Gillespie looks like he's going to cry!
    OBAMA 2012

    July 15, 2012 02:58 pm at 2:58 pm |

    So Romney resigned "RETROACTIVELY" after taking leave from Bain Capital from February , 1999 to 2002 to run the Winter-Olympics in Utah and successfully we might add....Romney did not run anything at Bain's as he claims during that period....so what part of the claim do the Democrats not understand....Just spreading ITSY-BITSY rumors...and not becoming of a Presidental-campaign....stick to the issues Obama...........

    July 15, 2012 03:10 pm at 3:10 pm |
  17. carrotroot

    Retroactive Retirement?! What the heck is that supposed to mean? The Romney campaign must take everyone for fools.

    July 15, 2012 03:13 pm at 3:13 pm |
  18. a ny girl

    That's a new one, "retroactive" retirement – never heard of that phrase before. Wonder if it's just another piece of fiction from this campaign. Guess that's how he plans to run the country if he gets the chance.

    July 15, 2012 03:13 pm at 3:13 pm |
  19. jane

    Hummmmm release at least seven yrs of tax records

    July 15, 2012 03:21 pm at 3:21 pm |
  20. AZ resident

    Mitt Romney can't hide the facts anymore, if he wants America to give him an other chance, he has to come clean and admit that he was still at Bain capital in 2002 because more evidence is coming out and it's against him

    July 15, 2012 03:21 pm at 3:21 pm |
  21. beau

    So the Republicans are going to settle on an east coast, elite, millionaire from an aristocratic family? What is his experience that will make him a successful Conservative President?
    1. He fires people, lays off employees, and outsources jobs while pocketing the pension funds of those same employees.
    2. He is comfortable in an upper class setting. After all, America IS the upper class, isn't it? The little people, like you and I, are not really very important. People of Romney's class and background see us as livestock that can understand English.
    3. He does not care if Americans suffer. He has made lots of them suffer so far in his life. He's made of tough stuff. No weepy compassion will ever cloud his judgment.
    4. He knows how to destroy corporations and sell off their assets. He could use those skills to destroy the federal government, a stated goal of Conservatism
    5. After the Romney Administration is over in 2016 or 2018, Conservatives will say, "Hey, you can't blame us for the disastrous Romney Administration. He wasn't a TRUE Conservative. What we need is a TRUE Conservative like Ron Paul or Newt Gingrich or Rick Santorum … or maybe govornor Palin."

    July 15, 2012 03:21 pm at 3:21 pm |
  22. Severely Moderate

    "I was not responsible for what happened at Bain Capital" – Mitt Romney
    "I was the Sole shareholder, Sole director, Chief executive officer and President of Bain" – Mitt Romney

    "The Arizona immigration policy is a good model" – Mitt Romney
    "I didn't really support the Arizona immigration policy" – Mitt Romney

    “The Massachusetts healthcare plan should be a model for the nation” – Mitt Romney
    “Healthcare reform should be left to the states” – Mitt Romney

    "Let Detroit go bankrupt" -Mitt Romney
    "I'll take a lot of credit for saving the auto industry" -Mitt Romney

    “I believe Roe v Wade has gone too far.” – Mitt Romney
    “Roe v Wade has been the law for 20 years we should sustain and support it.” – Mitt Romney

    “I respect and will protect a woman’s right to choose.” – Mitt Romney
    “I never really called myself pro-choice.” – Mitt Romney

    “It was not my desire to go off and serve in Vietnam.” – Mitt Romney
    “I longed in many respects to actually be in Vietnam and represent our country there.” – Mitt Romney

    “I’m not trying to return to Reagan-Bush.” – Mitt Romney
    “Ronald Reagan is… my hero.” – Mitt Romney

    “I think the minimum wage ought to keep pace with inflation.” – Mitt Romney
    "There’s no question raising the minimum wage excessively causes a loss of jobs.” – Mitt Romney

    “I saw my father march with Martin Luther King.” – Mitt Romney
    “I did not see it with my own eyes.” – Mitt Romney

    “I would like to have campaign spending limits.” – Mitt Romney
    “The American people should be free to advocate for their candidates without burdensome limitations.” – Mitt Romney

    “I supported the assault weapon ban.” – Mitt Romney
    "I don’t support any gun control legislation.” – Mitt Romney

    July 15, 2012 03:26 pm at 3:26 pm |
  23. Va native

    Come on Mr Gillespie. I know you are much smarter than that!,are you listening to
    what you're saying? ?????we the people will make the decision on who to cast
    our votes for so No matter how much you try to spin this crap it's not gonna work ...i wish
    Why don't your Guy release his tax returns and get it over with ...what's there to hide? ?

    July 15, 2012 03:28 pm at 3:28 pm |
  24. batjones

    Retroactively retired? Translation: Romney was not granted profit sharing from Bain investments after February 1999. However, this does not answer the question of who managed the company from February 1999 through 2002, and whether the company properly or falsely filed the management changes with the SEC.
    Thank you Mr Gillespie for opening another avenue of investigation in this matter.

    July 15, 2012 03:40 pm at 3:40 pm |
  25. 2020

    Ed Gillespie defend Romney either not responsible for offshoring jobs or Romney filed false claims to SEC.

    The more Gillespie spin, the water gets muddier.

    Bring out Romney's 12 years tax return, let the facts speak for itself.

    July 15, 2012 03:48 pm at 3:48 pm |
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