Christopher Rowland, Boston Globe, on Mitt Romney and Bain Capital
Fri, 13 Jul 2012|
Christopher Rowland, Boston Globe, on Mitt Romney and Bain Capital.
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Automatically Generated Transcript (may not be 100% accurate)
Are we found -- for -- Washington bureau chief for the Boston Globe. There -- a couple articles about Mitt Romney in his stay at Bain Capital crystal -- welcome to the show are you don't. Of the morning they haven't. They officially. I think I -- your article Mitt Romney. A left Bain Capital in February of 1999 is that correct. That's what Mitt Romney says you both on the stump and in his financial disclosure forms. They file with that they give financial statement he says that he. Retired from Bain Capital. In February 1999. Rate but in fact he still shows up according your article anyway and SEC filings he still shows up there well into 2003 doesn't. Right so that in the 2002. He shows up on a variety of SEC document as. The president CEO and chairman of Bain Capital. Which is it really sort of a contradictory evidence then has yet to be fully reconciled by the campaign that's what's causing him some political problems that the. Why why the controversy what it what's the significance of those dates. Mitt Romney has consistently used his departure date from Bain Capital. In 1999 as a line defense against attacks from Barack Obama and Democrats. Over the activities of being capital such that bankruptcies of their certain holdings. Layoffs. You know moving jobs offshore. So this is really important has been an important talking point for him to say hey. I wasn't there I can't be held responsible for the stuff these SEC documents now that. Raises another question well. Maybe you weren't there in the boardroom every day calling the shots but what was your role in and you Wear them on paper you're the running the show so what does this mean we know it so far we haven't seen that sort of a full answer. Now Roberta karma was one of your -- source for you or -- she just somebody -- render an opinion on on -- SEC filings. He's the former SEC commissioner. Now about the law professor in New York. And says that you know that. The that the Romney's contention and their campaign sort of on background or not extinct making -- point very strongly is that hey this was sort of a legacy legal Filene's boilerplate that just got carried over into the SEC documents you know for three years don't worry about it. Try that day in reverted in soundly. He thought let's -- throughout -- she does not buy that you know so there is some difference of opinion out there but. Many experts will say that these as -- SEC filings actually do matter they are material. And that you know people rely on these things to make a variety of investment decisions just understand what what companies are doing when they're required to make public filing. Now is it true that Roberta is a fairly substantial donor to the Obama campaign. That I am not sure about actually I have not I've not seen some stuff on that but I am not check that out myself. There's I was watching Kudlow last night -- coming after you on that do you sing a Roberta is a big donor he's she's lifelong Democrat and she EL stock in the pipe a little bit and then there is an accusation. At that you covered that in today's article about Stephanie Cutter what it Stephanie says. About Mitt Romney. Well Stephanie Cutter and city -- there there. Trying to you know make Christopher hey this is possible right. Christopher can you stay on -- -- time you can you hang around her yeah yeah. There will be right back Christopher Rowland helping us breakdown he's covered this story -- right from the beginning about Mitt Romney when did he leave Bain Capital. It was February of two out and 1999 or was it in 20032002. We'll find out about that in why these dates are significant when we come back Chris Roland Boston -- up next financial. Christopher Rowland is the Washington bureau chief for the Boston Globe joining us today. Very controversial story. -- for how long did Mitt Romney stay on the board of directors for Bain Capital after February of 1999 you know that. So well that. -- 2002. He did. He was that she chairman of the board president and CEO of Bain Capital. And then it was in 2002. That. He negotiated a severance agreement with the partners. To leave it was a ten year agreement that was retroactive to 1999. Which is when you know he took a leave of absence. Right so he's completely out of there now now the Romney campaign went to your editor Marie -- And is looking for some kind of a correction what were they looking for. They went to our editor Marty Darren Smartphones. Two. Basically. You know demanding a correction saying our story was an accurate. They were unable to two point anything in the story in particular. That was an accurate because indeed it was totally documented -- -- is based on public record. What would there issue what they date you know they just don't like that the take it on the way it looks they don't like us raising this question and pointing out this contradiction. Between. They SEC documents and what the governor has maintained on the stump and as well on his financial disclosure. Forms are you doing a follow up story this weekend on. We had a false story in today's paper it's on one and we you have some follow up stories in the works that. You know like you can I never make promises about what might appear in the -- because I've been world editors many times. -- but this reporter. This was a doozy yeah I EU EU you through some gas on the fire and if it's burning in -- to be going away anytime soon -- We appreciate that the thank you -- time can I hope we can attract crisper down if we because I got a feeling he's going to be writing -- stories on Thursday night Christopher thank you very much. That's thank you very much ram. So who would he make an agent. And -- your your pretty conservative. Yeah I know I know I I I don't know if you -- like what. What I'm thinking right now and -- you're -- like an idiot I saw the ads coming at me last they jumped on right away obviously the Obama campaign right away I thought. We just. Fix the economy and create some jobs here and and stop looking in the past you know. Roberta karma was a former SEC chief and she had this to say this is a quote not saying this this is what she said -- She said let me put it this way as a relates to the filings let me put it this way cardinals it it's a pretty serious problem to file. All the documents with the Securities and Exchange Commission you can be prosecuted for that. Stephanie Cutter from the Obama campaign came out said the same thing she saying that this would would Romney did was illegal now I. I want him I want to get to the bottom of this this is a big campaign issue this is. Not gonna go away easily Larry Kudlow has some very strong I -- you know what he has to you know you're gonna hear -- -- up next.
