Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

EVDebs

(11,578 posts)
Fri Jul 13, 2012, 08:16 PM Jul 2012

Piercing Mitt Romney's 'Corporate Veil'

I think what's being missed in the media coverage of candidate Mitt Romney is the insistence by Mitt to his own corporate 'personhood'. Piercing the veil,

"to "pierce the corporate veil", the legal term used to describe an action to have the corporation set aside for purposes of the litigation such that personal liability attaches, and personal assets can be reached"

http://www.expertlaw.com/library/business/corporate_veil.html

of this sham person (I'm talking about the living breathing Mitt now) would expose the charade and charlatan for what he truly is.

In an action to pierce the corporate veil, "the corporation is not really a distinct individual, but is merely an extension or "alter ego" of its shareholders, being used to advance their private interests or to perpetrate a fraud."

Isn't this what Bain Capital is all about ? "Romney as Bain Capital's CEO and sole shareholder through 2002..."
http://finance.fortune.cnn.com/tag/bain-capital/

Latest Discussions»Retired Forums»2016 Postmortem»Piercing Mitt Romney's 'C...