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Romney Says Shareholders Have No Influence Over Corporations. Where Are Our Conservative Economists?
Jul 18th 2012, 22:35

Mitt Romney says that a new management crew took over Bain Capital in 1999 and ran the company differently than he would have. He indicates that he would not have indulged in the outsourcing that Bain's investments indulged in after Romney gave up his formal operational role in February 1999. To bolster Romney's position, Republican strategist Chip Saltsman says that Romney couldn't possibly have run Bain and the 2002 Winter Olympics at the same time. After all, one man only has so much time. Of course, when it comes to day-to-day management, Saltsman is almost certainly correct. But that isn't the issue. Much is being made that Mitt Romney was listed as CEO of in Bain's SEC filings....

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