35 Questions Mitt Romney Must Answer About Bain Capital Before the Issue Can Go Away
Specifically, Romney is going to have to answer the following 35 questions before this issue subsides:
1. Are you contending that an individual can simultaneously be the CEO, president, managing director of a company, and its sole stockholder and somehow be “disassociated” from the company or accurately classified as someone not having “any” formal involvement with a company?
2. You have stated that in “Feb. 1999 I left Bain capital and all management responsibility” and “I had no ongoing activity or involvement.” It depends on what the definition of “involvement” is, doesn’t it? Clearly you were involved with Bain to the extent that you owned it. Are you defining “involvement” in a uniquely specific way that only means “full-time, active, 60-hours-a-week, hands-on manager?”
3. How exactly are you defining “involvement?”
4. Surely someone from Bain occasionally called you up and asked your opinion about something work related from 1999 to 2002. Wouldn’t that qualify as “involvement,” if only on a minor level?
5. You earned at least $100,000 as an executive from Bain in 2001 and 2002, separate from investment earnings according to filings with State of Massachusetts. Can you give an example of anyone else you personally know getting a six figure income, not dividend or investment return, but actual income, from a company they had nothing to do with?
6. What did you do for this $100,000 salary you earned from Bain in both 2000 and 2001?
7. If you did nothing to earn this salary, did the Bain managers violate their fiduciary duty by paying you a salary for no discernible reason?
8. Are there other companies that pay you six figures a year as earned income, not investment income, for which you have no involvement?
It’s a pretty comprehensive list containing lots of facts, not made up interpretations of semantics.