Another Source Says Mitt Romney Had Very Little Contact With Bain After He Left

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The Associated Press looks into Mitt Romney’s association with Bain Capital after he left to run the Winter Olympics in 1999, and adds one small tidbit to the story:

Several associates now say Romney made repeated trips between Salt Lake City and Boston, where he met at times with his former partners, mostly to discuss his severance from the firm. The Boston Globe reported last week that Romney also met with his Bain partners at a 15th anniversary celebration in Palm Beach, Fla., in early 1999.

“Some were group conversations. Some were one on one,” said a legal expert familiar with Romney’s discussions with his Bain partners. This person, who spoke on condition of anonymity to discuss confidential business dealings, said that Romney did not relinquish his Bain ownership after taking the Olympics role but that Romney took care to avoid the day-to-day role of a corporate manager.

This is pretty much the same thing Ed Conard told Chris Hayes a week ago, and since Conard can’t reasonably be described as a “legal expert,” this appears to be independent confirmation of what he said. For the time being, then, it appears that the best evidence supports Romney’s story that (a) he held onto his titles in order to maintain leverage during his severance negotiations, and (b) was involved very little with the operation of Bain after he left. He probably wasn’t completely disengaged (the AP story says his meetings were “mostly” about severance), but it does sound as though he had only minimal operational contact.

Whether he should be held morally accountable for Bain’s actions as long as he held the CEO title is a whole different question. But substantively, probably not.

(Via Greg Sargent.)

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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