Romney: No, The Buck Did Not Stop With Me At Bain

[ProSense]

Romney: No, The Buck Did Not Stop With Me At Bain

Mitt Romney again insisted to CBS Friday that he had no direct management of Bain Capital after February 1999. CBS’s Jan Crawford asked him about SEC documents that show him as the CEO of the company after that time:

Crawford: You say it’s ridiculous. But why is this there there this discrepancy? You said you left bain in 1999 yet Bain is listing you as C.E.O. Until 2002. Why were you listed as C.E.O. Until 2002?

Romney: The documents show that there’s a difference between ownership– which is that I owned shares in Bain but did not manage Bain. I left as everyone knows to run the Olympics in February of 1999. I was full time running the Olympics. I had no role whatsoever in the management of Bain after I went to the Olympics and that’s been demonstrated by people who work at Bain, by all of the documents but I still retained an ownership interest.

Crawford: Even if you weren’t making daily managerial decisions, though, doesn’t the buck stop with you?

Romney: Actually, when you leave an enterprise and you have other people who are managing the enterprise, who take responsibility for the investment decisions, who decide who’s going to get hired and fired, who decide compensation decisions, they’re the managers, they’re the people running the business.

http://livewire.talkingpointsmemo.com/entries/romney-no-buck-did-not-stop-with-me

[cindyperry2010]

1. well there just went that great business

experience out the window

[Tx4obama]

2. Bottom line: Romney is responsible for putting the people in place that outsourced the jobs

Since Romney was the sole owner of Bain (owned 100% of the stock) he was the person that put those folks into the upper management positions.

I've never in my life (before now) ever heard of anyone that owned 100% of a company say they had no responsibility at all for what the company does.

Is Romney that delusional that he thinks we would believe this bullshit?

[elehhhhna]

3. Duh. The bucks ran through him and straight to the Caymans

[muriel_volestrangler]

4. WTF does he think "executive" means?

This is a pretty important question, given the job he's now applying for.

[William Seger]

5. Bullshit

The reason that Rmoney was still listed as CEO and managing director -- not just owner -- was that he DID NOT delegate those responsibilities to anyone else, period.

[B Calm]

6. Typical boss, never ever take responsibility!

GOP party of personal responsibility my ass!!