Romney’s Tenure At Bain and Offshoring

There is a lot of chatter about Mitt Romney’s tenure at Bain Capital. He claimed he left in 1999 to run the Salt Lake City Olympics. SEC filings say he was still in charge until 2002. The Obama campaign is making an issue out of it because a disproportionate amount of the Bain layoffs happened during this period.

Republicans are trying to say that Romney was not there during this period. One stooge said Romney retired “retroactively”. Whatever.

But even if Romney was not active in Bain Capital affairs while the offshoring was going full-bore, I think it can still be made to stick to Romney. He was a founder of Bain Capital. He probably hired all or most of the people who ran it from 1999 to 2002. He set the tone and the culture. He set the “best practices”. The people at Bain Capital who thought that offshoring was acceptable were Romney’s lieutenants.

He may not have been directly responsible for the 1999-2002 layoffs, but he is not off the hook either.


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Page created on 2012-07-15_22:22:04, last modified on 2012-07-15_22:22:04.

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