I have only one question:

So you are saying as the owner, CEO, and managing director you could not call them up on the phone and say "Stop outsource these jobs to other countries"?

If so he is the shiattiest leader on the planet.

mrmyxolodian: Not on the national level, that I'm aware of.
In Minnesota in 1990 a similar thing happened with a guy named Grunseth. The state court allowed the state republican party to remove him from the ballot and add Arney Carlson without a convention 10 days before the election.
Maybe the FEC has a rule or a reg on it.
/Too lazy to look right now.

But this is Fark! Other people are supposed to do my research for me!

Erix: Have either of those situations happened before? Where a candidate for some reasons suddenly dropped out that close to the election? I'm curious to see how that was handled and what the result was.

Robert Kennedy was assassinated on June 5, 1968 then being the clear frontrunner for the the Democratic nomination (he was shot shortly after delivering a victory speech after the California Primary). The Democrats basically went with the number two guy, VP Hubert Humphrey, and this, among other things, resulted in a split in the Democratic party, with many in the South supporting George Wallace. Robert Kennedy enjoyed real support that held the party together; the same cannot be said of Romney.

It would be interesting to see what might happen if Romney were forced to drop out; the Paultards have a huge faction and the Republicans would likely be stuck with him.

Mantour: Why does Forbes hate America?

They did have a gay guy running it at one time, and I think gays are on the list of people ruining America.

The whole Rice VP thing was a BS smoke screen to try to get off this topic from Romney. Drudge report releases whatever the RNC asks them to.

Corvus: The whole Rice VP thing was a BS smoke screen to try to get off this topic from Romney. Drudge report releases whatever the RNC asks them to.



"Matt? It's Mitt. RELEASE THE CONDALEEZZEN!!!"

wademh: I have seen this. Deals are made to keep paying someone while asking that they stay away.

What they do for their money is to not do anything. The reasons for this are that they are either such a screw up that less is decidedly more or otherwise cause and/or inspire conflicts in ways that are seen to hurt the company. The one other possibility I'm aware of is the sense that their name itself is seen to be of value even if they can't get your direct involvement any more (whether that direct involvement would be good or bad)

So the catch of it all is 7 because you have to be specific about the above and the truthful answer is often embarrassing.

But he owned the whole freakin' company!

Require him to release his long form SEC filing!

Near as I can tell, the shills defending Romney on this are saying essentially that he was "A" managing director, not "THE" managing director. He was CEO in name only, didn't make the day-to-day decisions.
Sure, he signed paperwork for the company, but he didn't make the decisions. He can't say who did, but it wasn't him. He just collected a paycheck for doing nothing.
So, his best defense is that he's a clueless moron and while he didn't personally outsource/offshore those jobs, he still profited from it.
Good luck with that.

FuturePastNow: McCain is a respectable human being.

Yes, and he has a hot wife that keeps him from floating away when he forgets to wear his metal shoes.

If Bain could function from 199-2002 without a CEO why did they need one prior to this? Have they had a CEO since then?

I don't know if he did anything actually illegal. I kind of doubt it, and figure he would never be indicted anyway. I think the big problem as far as his image is that he only has two options:
1. He lied about not being there and is responsible for what Bain was doing.
2. He really wasn't there, but still collected a salary. That is probably not very unusual in big business, but to the average voter he looks like a freeloader. Definitely not a good image to have when so many are struggling to find work.

spongeboob: If Bain could function from 199-2002 without a CEO why did they need one prior to this? Have they had a CEO since then?

Well the real answer is probably Mitt owned the company so he wanted the job so he could pay himself a trunk ton of money but that doesn't jibe with his "I know about business" line Romney keeps telling people.

spongeboob: If Bain could function from 199-2002 without a CEO why did they need one prior to this? Have they had a CEO since then?

Apparently they now have like 50 managing directors, so it'll be easy for any of these guys to point the finger somewhere else if they ever run for office.

Corvus: Well the real answer is probably Mitt owned the company so he wanted the job so he could pay himself a trunk ton of money but that doesn't jibe with his "I know about business" line Romney keeps telling people.

$100,000/yr isn't exactly a truck-ton on CEO scales. That's only 3X what the receptionist makes!

Graffito: That's what I want to know. Somebody had to be the decider. If not Romney, then who?

I'm betting on zombie Al Davis.



He looks evil enough to have done those sort of things, and he sure as hell wasn't running the Raiders during the time period in question.

Nina_Hartley's_Ass: ox45tallboy: Corvus: Well the real answer is probably Mitt owned the company so he wanted the job so he could pay himself a trunk ton of money but that doesn't jibe with his "I know about business" line Romney keeps telling people.

$100,000/yr isn't exactly a truck-ton on CEO scales. That's only 3X what the receptionist makes!

All we know is it was over $100K.
Could've been a brazillion.

CEO's often get a "small" salary, and make the big bucks through stock options and other means which provide better tax deductions for the CEO or the company. Jobs was getting a $1/year salary from Apple. That doesn't mean he was only making $1/year from Apple.

mrmyxolodian: "There is no whining in politics. Stop demanding an apology, release your tax returns."

-- GOP strategist John Weaver, quoted by the AP, calling on Mitt Romney to disclose his tax returns.

"If you have things to hide, then maybe you're doing things wrong. I think you ought to be willing to release everything to the American people."

-- Alabama Gov. Robert Bentley (R), quoted by the AP, calling on Mitt Romney to release his tax returns.

Like those guys have any say in the matter. He'll release them when his boss tells him to, not one second before.



"Ya see this, Mitt? This is your balls."

ox45tallboy: Corvus: Well the real answer is probably Mitt owned the company so he wanted the job so he could pay himself a trunk ton of money but that doesn't jibe with his "I know about business" line Romney keeps telling people.

$100,000/yr isn't exactly a truck-ton on CEO scales. That's only 3X what the receptionist makes!

No I am talking about the other money he was getting.

ox45tallboy: spongeboob: If Bain could function from 199-2002 without a CEO why did they need one prior to this? Have they had a CEO since then?

Apparently they now have like 50 managing directors, so it'll be easy for any of these guys to point the finger somewhere else if they ever run for office.

What the hell is everyone who works there a managing director?
That just seems like resume padding.

spongeboob: ox45tallboy: spongeboob: If Bain could function from 199-2002 without a CEO why did they need one prior to this? Have they had a CEO since then?

Apparently they now have like 50 managing directors, so it'll be easy for any of these guys to point the finger somewhere else if they ever run for office.

What the hell is everyone who works there a managing director?
That just seems like resume padding.

It's so they can be paid with carried interst and only pay 15% on taxes. It's a loophole

Corvus: spongeboob: If Bain could function from 199-2002 without a CEO why did they need one prior to this? Have they had a CEO since then?

Well the real answer is probably Mitt owned the company so he wanted the job so he could pay himself a trunk ton of money but that doesn't jibe with his "I know about business" line Romney keeps telling people.

None of this really makes sense unless it is all double and triple dipping. Or the one hand they structure pay as investments for a lower tax burden, then when he on a leave of absence they pay him a hundred thousand dollars. When most people take a leave of absence they don't get paid yet he got paid and no one stepped in to do his job.

spongeboob: What the hell is everyone who works there a managing director?
That just seems like resume padding.



"Here at Bain Capital, even I am a managing director! Join our team today!"