Callum Borchers and Christopher Rowland have a big story in the Globe today: “Mitt Romney stayed at Bain 3 years longer than he stated: Firm’s 2002 filings identify him as CEO, though he said he left in 1999.”
This is exactly the kind of story that will cut into Romney’s appeal to independents because it hits a key factor for electability: honesty.
“You can’t say statements filed with the SEC are meaningless. This is a fact in an SEC filing,” said Roberta S. Karmel, now a professor at Brooklyn Law School.
“It doesn’t make a whole lot of sense to say he was technically in charge on paper but he had nothing to do with Bain’s operations,” Karmel continued. “Was he getting paid? He’s the sole stockholder. Are you telling me he owned the company but had no say in its investments?”
The Globe found nine SEC filings submitted by four different business entities after February 1999 that describe Romney as Bain Capital’s boss; some show him with managerial control over five Bain Capital entities that were formed in January 2002, according to records in Delaware, where they were incorporated.
A Romney campaign official, who requested anonymity to discuss the SEC filings, acknowledged that they “do not square with common sense.”
Obama is a known quantity. Romney is trying to build a persona. Glaring contradictions like this do not help. It’s as if Scott Brown claimed to be an independent Republican and then voted for a measure pushed by the fundamentalist wing of the GOP to allow employers to terminate their employee’s reproductive health plans because they disagreed with their personal choices. Oh, wait.