I seem to recall the story of another founder who refused to let others lay eyes on documents he had in his possession, documents that, once translated, would reveal a great truth.

skullkrusher: GameSprocket: skullkrusher: Whether Romney was actively involved in Bain is up for debate but the mere fact that he was listed as the CEO does not prove anything and it is certainly not without precedent.

He was listed as "the controlling person" in the SEC filings. You can play word games with CEO, but "controlling person" has some legal weight.

This is kind of a non-issue, but the way Romney is handling it makes for some fine Theater.

"controlling person" is a securities law related term - it does refer to the fact that the majority (100%) shareholder and as a result can be liable for wrongdoings by the firm even if he is not directly responsible. It does not mean he is captain of the ship. There is absolutely no reason why he couldn't delegate authority to some of his senior VPs. Seriously, of all the actual shiat to nail Romney for, this is easily the most ridiculous.

While I agree that the topic is somewhat silly, it is causing Romney to implode. Also, while the definition for "controlling person" has more to do with the ability to dictate the course of a company than whether that ability was used, listing someone as CEO, sole stockholder and the controlling person for a corporation implies quite a lot.

You are getting awfully close to a "I didn't kill him, the bullet I fired killed him" type argument. Semantic arguments are not going to make for a good ad campaign. I don't think there is anything going on that actually warrants any legal action.


Bain Capital, you say? Governor Romney has never heard of it. Who told you that the Governor was involved? I'm not being defensive, you're being defensive.

skullkrusher: Lenny_da_Hog: MyRandomName: One day liberals will stop being farking retarded when it comes to business... one day.

The sole owner of a company often holds the title of CEO even if he is not actively managing the company. The title is that because he's the owner. Stop being farking retarded. You are just displaying your crass ignorance of how business works. It's sad and pathetic.

I know more than one owner who has the CEO titles but are not actively managing their company. It's especially common with restaurants or bars.

Chief EXECUTIVE OFFICER is a position within an organization. It is a spot on the active org chart, at the very top, just below the dotted line to the Board of Directors, which takes the inactive oversight role you're trying to spin this into.

Otherwise, he would be simply Chairman of the Board of Directors, and someone else would have to be the CEO.

CEO is not an honorary title. It is a job description for people actually doing executive work at the very top level of a corporation.

These requirements for what a CEO must or must not do are made up. Steve Jobs took a leave of absence from Apple to deal with his illness. He was still CEO. A private firm like Bain even has more leeway as it has no public shareholders to answer to.

When you are looking for the gold standard in business behavior, Steve Jobs is the man to look to.

By the end of all this, the Republican party, the Olympics, and Bain Co are all going to deny ever being affiliated with Romney.

If Romney did get elected, what kind of golden parachute do you think he'd be able to negotiate?

WHY DOES THIS MATTER??? Even if Obama hadden't farked everything up as bad as he has, this still wouldn't matter. Geeze people, lay off the cool aid a bit.

skullkrusher: Pharque-it: Pharque-it: WHO WAS RESPONSIBLE FOR BAIN WHILE ROMNEY WAS ON "LEAVE".
NAME PLEASE!!

Mitt Romney of course. He was the CEO.

you didn't change accounts

Maybe he's traveling.

Pharque-it: WHO WAS RESPONSIBLE FOR BAIN WHILE ROMNEY WAS ON "LEAVE".
NAME PLEASE!!

Mitt Romney of course. He was the CEO.

Using Romney's logic, every time Bush went on vacation to chop brush, he wasn't responsible for how the government was run.

Is that the dodge? "I wasn't actually there, so I'm not responsible for how the company did business - sure, I was on the letterhead as the CEO, and sure, I actually contradict myself throughout my career, leaning on my business acumen with Bain when I thought it made me look good, but running like hell now that Bain makes me look like a despicable vulture capitalist."

What happens if & when this joker becomes President, and the economy takes a nosedive - he takes a vacation, and then claims it's not his fault because he wasn't actually in the Oval Office at the time?

Who in the hell would trust this moron in the White House?

GameSprocket: Bain Capital, you say? Governor Romney has never heard of it. Who told you that the Governor was involved? I'm not being defensive, you're being defensive.

Holy shiat, there's a blast from the past. Well done, sir!

Smackledorfer:
His biggest mistake is not embracing his wealthy businessman image all the way, imo. Well, I can see why that would be difficult given that if he, as a businessman, did things that the average joe views as bad (anything other than job creation glory I guess) then he'll essentially become a poster boy for

"You're damn right I fired people and sent jobs overseas. Businesses need to run lean and profitably, not keep people on staff at a deficit just to make people fel good. And I'd do the same thing with our bloated, inefficient governmental payroll-- I'd love to fire or offshore half the federal workforce if it means the government can run at a profit,not a gigantic deficit..." etc.

skullkrusher: Lenny_da_Hog: MyRandomName: One day liberals will stop being farking retarded when it comes to business... one day.

The sole owner of a company often holds the title of CEO even if he is not actively managing the company. The title is that because he's the owner. Stop being farking retarded. You are just displaying your crass ignorance of how business works. It's sad and pathetic.

I know more than one owner who has the CEO titles but are not actively managing their company. It's especially common with restaurants or bars.

Chief EXECUTIVE OFFICER is a position within an organization. It is a spot on the active org chart, at the very top, just below the dotted line to the Board of Directors, which takes the inactive oversight role you're trying to spin this into.

Otherwise, he would be simply Chairman of the Board of Directors, and someone else would have to be the CEO.

CEO is not an honorary title. It is a job description for people actually doing executive work at the very top level of a corporation.

These requirements for what a CEO must or must not do are made up. Steve Jobs took a leave of absence from Apple to deal with his illness. He was still CEO. A private firm like Bain even has more leeway as it has no public shareholders to answer to.

When Steve Jobs took his leave of absence, Tim Cook ran the day-to-day operaitons as interim CEO. So fill me in here, because the liberal elite media isn't reporting it -- who took over as acting CEO when Romney left Bain in 1999?

Why didn't he vet himself?

IExpectAKill: coeyagi: [emotibot.net image 447x331]

Willie Geist thinks it's unfair to say that Mitt Romney was CEO of Bain even if he was in fact CEO of Bain. It's not like the guy f*cking introduced himself. Maybe he was just thinking of his bank statement and got lost in that majesty when he was introduced, and then forget to correct the person.

Reminds me a little of this guy.

[www.i-mockery.com image 500x338]

He's going to wreck our New World!*

*the new world involves driving around in a van and stabbing blondes... we're still working out the details.

Looks like Romney didn't okay his bio for the IOC, just like Obama didn't okay his Kenyan birth with his publicist...

skullkrusher: he was the CEO of Bain in 2001. Has this ever been contested? He signed farking documents with the SEC that lists him as CEO

Those were all standard boilerplate documents and as a man fully versed in the law, I can assure you that like Mitt we would all just like to get home to our hotplates.

Now let's go toe-to-toe on Bird Law and see who comes out the victor.

This week just keeps getting better and better. No wonder he doesn't want to release his tax returns. The more that comes out about him, the more we find out he was lying all along.