Account of Romney’s Bain departure has evolved

This is really disappointing. Perfectly legal to deposit your personal accounts out of the Country is is one thing. Actually fudging the facts is another. From today's Globe

But until his run for governor — and even before that campaign was underway in earnest, when he needed to prove sustained connections to Massachusetts in order to ward off a ballot challenge — Romney had characterized his departure from Bain Capital more as a “leave of absence” in which he would be a “part-timer,” and not as an absolute separation from the thriving business he built and solely owned. It was not until 2002 that Romney finalized a severance agreement with Bain, a 10-year deal with undisclosed terms that was retroactive to 1999. Romney’s own words, along with other documentary evidence, appear to challenge his campaign’s assertion in a recent financial disclosure that Romney had “retired” from Bain in 1999 and “since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.” Financial disclosure forms Romney filed in Massachusetts indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

http://bostonglobe.com/metro/2012/07/13/evidence-mounts-mitt-romney-continuing-ties-bain-after/w9vGMpkCKg1GaYdaU8l8GL/story.html

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