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Globe to Romney: We Won't Correct Bain Article

But allegations may not hold water, Fortune finds

By Rob Quinn,  Newser Staff

Posted Jul 13, 2012 4:29 AM CDT

(Newser) – The Boston Globe has rejected a request from the Romney campaign to issue a correction to a story which found that the candidate was CEO of Bain Capital for years after he said he left the firm, Politico reports. The story was based on SEC documents filed by Bain itself which state that Romney was the "sole stockholder, chairman of the board, chief executive officer, and president" until 2002, the Globe's editor told the Romney campaign, adding that the Romney campaign's claim that he had no involvement in running the firm after 1999 was fully detailed in the original story.

The Globe story is a headache for Romney and has given ammunition to the Obama campaign—which accuses Romney of lying either to the SEC or the American people—but Fortune has unearthed documents that support Romney's position. Bain circulated offering documents for a private equity fund in 2000 and Romney's name did not appear among the 18 managers listed, ostensibly showing that Romney no longer had any operational input at the firm, though he retained his financial and legal ties to it.

Mitt Romney, then-president and CEO of the Salt Lake Organizing Committee, talks with a reporter in 2001, by which time he said he had retired from Bain.
Mitt Romney, then-president and CEO of the Salt Lake Organizing Committee, talks with a reporter in 2001, by which time he said he had retired from Bain.   (Getty Images)
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Governor Romney either misled the American people about when he left Bain or misled the SEC.
Which one is it? - Obama campaign
press secretary Ben LaBolt

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COMMENTS
Showing 3 of 97 comments
Nocturno
Jul 19, 2012 9:52 AM CDT
This is one of the number situations when conservatives regret they live in democratic country where freedom of speech and freedom of news is just a normal thing.
HarryBeaver
Jul 13, 2012 2:41 PM CDT
Why you rat, you, Willard
USLady
Jul 13, 2012 2:06 PM CDT
Maybe Obamas clan are paying off people to do his dirty work,who knows.
 

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