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Sunday, July 15, 2012

Some clarification on Romney's Bain Capital time line.

Romney tried to clarify his tenure at Bain on Friday, appearing on five different news shows, and perhaps some local cable access shows which didn't hit the radar. In all of them he stuck to a basic, rehearsed narrative that he wasn't really involved after February 1999, even if there are legal documents which he signed afterwards indicating he was CEO.

This morning's edition of Up! with Chris Hayes added some clarifying points, provided by Edward Conard, who was there when Romney moved on to the Olympics.

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This clip (or the whole show) didn't really turn over my apple cart. As I wrote on Friday, I can believe Romney was an absentee owner. But something I didn't write on Friday: I do have a bit of a problem with the concept that the management which served in his absence didn't hew to his guidance and ideas. At least insofar as they understood it. How could they not have, with his ownership being such a big piece? So, if companies were nuked in Romney's "absence," isn't absence kind of a technical term?

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(DISCLOSURE: I work for Abt SRBI. My company does polling. My opinions should not be construed as representing those of my employer.)