re: #447 Targetpractice

So who was in charge? Who was making the decisions? And why should their decisions not reflect on the guy they were letting run things while they were away?

Seriously, do you think that delegating his decision-making powers while his exit was negotiated means he also absolved himself of any responsibility for the decisions made by the guy(s) he’d delegated to?

Yes. That’s the purpose of a corporation—to separate liability from owners. If Romney wasn’t managing the day to day, then he’s not responsible for management decisions just because he is the owner. No idea who was running the show when Romney left—there’s no way Romney would have had the time to. I think originally Romney probably wanted to leave open the possibility that he would go back to running the day-to-day at Bain, but had an opportunity to run for office in MS, so he made his split more permanent then.