Four current or former Bain officials maintain that Mitt Romney left Bain Capital in 1999, but remained on SEC filings for at least two years due to various procedural hurdles required in transferring ownership of the company, CNN’s John King reports:
Pagliuca, a Democrat who unsuccessfully ran for Senate in 2010, told CNN: “Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure.”
Three of the four Bain officials are Democrats, while two of the four are active Obama supporters in the 2012 campaign. King elaborates:
To be clear, all four of the sources voiced professional loyalty and personal respect for Romney. And all four have a vested interest in defending the work of Bain. But they were consistent in describing Romney’s departure as abrupt and in saying they could not recall him around the office in the months that followed.
