So Mitt Romney had
absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure
in February of 1999. That’s according to Bain Capital.
Unfortunately, someone seems to have neglected to tell Bain Capital about this. In July of 1999 it issued a press release quoting “Bain Capital CEO W. Mitt Romney, currently on a part-time leave of absence.” In the release, Romney comments on the departure of two Bain employees to set up their own firm:
While we will miss them, we wish them well and look forward to working with them.
Absolutely no involvement with management. No siree!
Yes, of course corporate press releases are mostly B.S. But it’s clear that the claim that Romney stopped running Bain in February of 1999 is a bit of revisionist history, made up later for political purposes. It’s not what he, or the firm, were saying at the time.
Do you think that at some point Glenn Kessler and his fellow fact-checkers are going to allow themselves to be influenced by the facts?