Who's In Charge Or, Calvinball for Adults

[chris_gerrib]

Unless you've been under a rock, you've probably heard there is some controversy over Mitt Romney's "retroactive retirement" from Bain Capital. In multiple SEC filings, some of them signed by Romney, he is described as sole voting shareholder, CEO and managing director of Bain.

If the sole shareholder, CEO and managing director isn't in charge of the company, who is?

Romney seems very personally upset that anybody would ask this simple question, which seems to prevent him from providing the simple answer that "Joe (or whomever) was in charge." (Of course, the follow-on question is "why wasn't Joe (or whomever) signing the paperwork?")

Here's the real problem. Romney's playing Calvinball. He's making up the rules and changing them as he goes along. This is a natural desire - the reason Calvinball is funny is that everybody wants to play it. But life is not Calvinball, and Romney just got caught playing it.

Comments

[baron-waste.livejournal.com]

If the sole shareholder, CEO and managing director isn't in charge of the company, who is?

Oh, well, we learned the answer to that in 2009 (http://baron-waste.livejournal.com/890399.html). Kinda gives a new meaning to the phrase, “The Buck Stops Here,” doesn't it?

[chris-gerrib.livejournal.com]

Rick Wagoner was not sole shareholder. Since the US government was debtor in possession, Rick reported to Obama.

Actually, since Romney was sole voting shareholder at Bain, whomever The Real CEO (tm) was also reported to and was working for Romney.

[baron-waste.livejournal.com]

“The real story (http://en.wikipedia.org/wiki/Shadow_government_(conspiracy)) will never be known...

- Unless you buy my new, tell-all book!”

[I recently encountered a snootful of “Philadelphia Experiment” horse-puckey. It was unbelievable, and really saddening, to think people buy into the most lunatic fringe blither without the slightest scrap of proof, just so they can think themselves “in the know.”]