Comment

Romney Says He's Not Responsible for Bain After 1999

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BryanS7/13/2012 10:22:34 pm PDT

re: #523 goddamnedfrank

I was mixing up some info from factcheck.org about companies Bain was taking public during that time frame when, on those public offerings Romney was not part of the management team as part of the disclosures required for those publi offerings Bain was managing. You are correct Bain never went public.

factcheck.org

Romney was not listed among the directors, executive officers and key employees in the registration statement filed with the SEC in preparation for DDi’s IPO offering (though five other Bain executives were). Nor was he named in subsequent proxy statements filed with the SEC as a member of DDi’s board of directors.

“When a private equity firm is involved with a company, typically the people who have the influence and information are people on the board,” Kaplan said. “To say that he has anything to do with that company at that time is wrong, in my experience.”

Part of a writeup during the primaries when Romney’s opponents attacked Bain. That IPO was in April, 2000. So at that time, Bain did not consider Romney part of the management team.