In every campaign he's run in the last 10 years, Mitt Romney has claimed he made a clean break from Bain Capital in February 1999 as a way to defend himself from charges that he laid off workers and outsourced jobs overseas. But more and more evidence is mounting that the break wasn't so clean. Romney was listed as Bain's "sole stockholder, chairman of the board, chief executive officer, and president" on Securities and Exchange Filings until 2002, the Boston Globe's Callum Borchers and Christopher Rowland report Thursday. Further, Massachusetts state documents show that Romney owned 100 percent of Bain in 2002, and that he earned at least $100,000 as an executive of Bain in 2001 and 2002. That follows a Vanity Fair report earlier this month showing that Romney still gets income from Bain -- $2 million in June alone, and investments in the firm's Cayman Island funds could be worth as much as $30 million. And Mother Jones found that ...more here
Why does it matter?
Well, for a start he's been lying on federal forms he's signed. Oops.
Romney's most recent federal financial disclosure form says that "Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and..." ...more here