by Lisa Longo, 2/11/15
It would seem all is not as it appears in the Mitt Romney fairy tale about his “success” as CEO of the Salt Lake City Olympic Committee. Such a twisted yarn this has become; from his fictional exit as head of Bain Capital to his being the “savior” of the 2002 Salt Lake City Games.
Starting with his supposed exit from Bain to be CEO of the 2002 Salt Lake City Olympic Committee, how is it that the CEO of a successful company, who owned 100% of a venture capital firm, had nothing to do with the decision-making or policies of this firm? This same company which went from trying to help businesses succeed, to borrowing against assets to profiting from their failure. In addition, this firm actively looked to move manufacturing overseas to countries known for using slave and child labor, one can assume to cut costs and increase profits for its privateer profit-monger partners.
And then this CEO and Chairman of the Board was asked to ride to the “rescue” the 2002 Olympic games. This was in 1999. The “abrupt” departure from the venture capital firm did not allow this shrewd businessman or his many staff, partners, consultants, lawyers, managers, accountants and MBA’s to figure out a way to document his departure.
Evidently, their combined net worth, education and experience did not give them the ability to file a few simple documents correctly. Nor did their business knowledge and success allow them to understand the importance and legality of properly filing forms with the SEC.
Despite this utter lack of professionalism, Mr. Romney was asked to go to Salt Lake City to “rescue” the 2002 Olympic Games….
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