re: #30 researchok

True- but Bain may have had a contractual obligation to pay.

What I’d like t know is he attended/participated in any board meetings (and that might be perfectly acceptable), and if he did, was it strictly as an observer, recusing himself from influencing the board- a former corporate officer er may have undue influence (corporate officers must answer to the board). Did the board adopt any of his contributions? Did those contributions result in dividend payouts, stock disbursements, stock buybacks, etc.

The answer to those questions would be most telling.

As Obdicut pointed out this morning LLC’s don’t have to have board meetings. What’s important is that in Feb of 1999 Romney said he “will stay on as a part-timer with Bain, providing input on investment and key personnel decisions.”

That means exactly what it sounds like, that Mitt was providing input on investments and retained ultimate hiring and firing authority.