Bain Capital ,The Salt Lake City Olympics ,and his China Relationship.
Bain Capital was originally created, Mr. Romney was given full control of the private equity firm’s new management company, Bain Capital Inc. When Mr. Romney went on leave in 1999, he retained ownership of that entity, and with it, in theory at least, the power to control Bain Capital’s funds.Romney appeared to be leaving open the possibility that he would return to Bain. His leave was originally characterized as part time, and he told The Boston Herald in 1999 that he would be providing input on investment and personnel decisions in his absence. Mr.Romney retained technical control of Bain Capital’s management and because his wealth remained heavily tied up with the firm, Mr. Romney’s name or signature appears on dozens of documents filed with the Securities and Exchange Commission between February 1999 and August 2001, when he finalized a retirement deal with the active Bain partners and transferred to them his shares of Bain’s management entity. Mr.Romney name were on the documents as the chief executive and sole owner of the company,” Edward W. Conard, a Bain partner at the time, said during an appearance on MSNBC on Sunday. “And it took several years for us to sort out how to put the management team in place.” Mr. Romney’s name appears on at least 142 such forms,on or AboutApproximetly by july 8 or 10th Mr. Romney’s “principal occupation” as “managing director” of Bain Capital Investors VI Inc., a private equity fund. There are filings that reflect's the complex nature of private equity funds: each Bain fund was run by a separate general partnership one that included all of Bain’s executives that in turn was legally controlled by Mr. Romney.
through his management entity. Asimco Technologies, an auto parts manufacturer whose plants dot eastern China, would seem to underscore Mitt Romney’s campaign-trail complaint that China’s manufacturing juggernaut is costing America jobs. Nine years ago, the company bought two camshaft factories that employed about 500 people in Michigan. By 2007 both were shut down. Now Asimco manufactures the same components in China on government-donated land in a coastal region that China has designated an export base, where companies are eligible for the sort of subsidies Mr. Romney says create an unfair trade imbalance. But there is a twist to the Asimco story that would not fit neatly into a Romney stump speech: Since 2010, it has been owned by Bain Capital, the private equity firm founded by Mr. Romney, who has as much as $2.25 million invested in three Bain funds with large stakes in Asimco and at least seven other Chinese businesses, according to his 2012 candidate financial disclosure and other documents
That and other China-related holdings by Bain funds in which Mr. Romney has invested are a reminder of how he inhabits two worlds that at times have come into conflict during his campaign for the White House. As a candidate, Mr. Romney uses China as a punching bag. He accuses Beijing of unfairly subsidizing Chinese exports, artificially holding down the value of its currency to keep exports cheap, stealing American technology and hacking into corporate and government computers. “How is it China’s been so successful in taking away our jobs?” he asked recently. “Well, let me tell you how: by cheating.” But his private equity dealings, both while he headed Bain and since, complicate that message. Mr. Romney sees any conflict between his Bain investments in China and his policy positions,Since “Only the president has the power to level the playing field with China. No private citizen can do that alone.” I don't get my facts from MSM , and that's one thing that why Mr. romney is hidding his tax returs I care less about how muchg he pay's in taxes but for one he should be more clear about his relationship now between Bain Capital and his Buisness Record,I'm White and I don't care if he is black or white I care about facts only and he has a lot of things that he is hidding ..The Salt Lake City Olympics that Romney ran received $1.5 billion in government funds"Mitt Romney's pledge to run the most transparent Olympic Games in history, the archival records of the 2002 Winter Olympics are either under lock and key at the University of Utah's Marriott Library or have been completely destroyed. Now the Boston Globe reports:So if you find them please let me know..Interestingly, Romney, who in recent months has been de-emphasizing the role of government in helping businesses function and survive, did use his success at getting government support as one of his qualifications when he was running for governor in Massachusetts,So much of the success of the 2002 Olympics depended on government support that some campaign videos have actually been made emphasizing that fact:Romney found himself stuck in a huge traffic backup on the road to the men’s downhill ski area, because some buses had not received the proper security-clearance placards and were being prevented from proceeding. Romney, who had organized the Salt Lake Olympics, jumped out to take charge. He started directing traffic, over the objections of a sheriff’s deputy, Kodi Taggart; she later filed a report on Romney’s interference. And he lit into an 18-year-old volunteering as a security officer, Shaun Knopp. Knopp told reporters that Romney had asked “who the fuck” he was and “what the f**k” he was doing and had then told him, “We got the Olympics going on, and we don’t need this shit going on.” Romney denied this at the time, saying he had not used such language since high school. “I would not, have not, and never would use the f-word,” he said. The worst word he used with Knopp, he said, was “H-E double hockey sticks.”In the days after the incident, the state’s top law enforcement official decided against an investigation. But the officer in charge of security at the downhill site, Weber County Sheriff’s Office Captain Terry Shaw, said a police sergeant from Colorado working under his command had corroborated Knopp’s account, and Shaw demanded an apology from Romney.Police were angered that Romney denied shouting the expletive and were further miffed when Romney later offered a partial apology to a sheriff's captain but not to Knopp.
''There were a lot of people in public safety who were extremely angry,'' said Peter Dawson, a lawyer today who served as an intern in a communications center at the time. ''The general consensus was, 'I hope he doesn't need any help from us because we aren't going to respond very quickly.'.''