Monday, July 16, 2012

WHY DID IT TAKE MITTENS ALMOST 3 YEARS TO EXIT BAIN?

(h/t Cannonfire)

Felix Salmon passes on one possible explanation:
Romney legally remained the CEO and sole owner of Bain Capital until 2002, Conard added, because he was intensively negotiating his exit deal with the partners at the firm. Conard summed up Romney’s position this way: “‘I created an incredibly valuable firm that’s making all you guys rich. You owe me.’ That’s the negotiation”.

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