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The investments are in a BLIND TRUST.. So you admit you dont know what no input on investments mean, so why would we listen to you?
They're in a blind trust now, but were they when he ran the Olympics? Why would he need to put them in a blind trust for that? The trust would have been an issue while he's holding public office. How could the company have been in a blind trust at that point in time if he was still legally the President/CEO/President of the Board? You sound like the one who doesn't know what you're talking about.
I thought he voluntarily gave up the day to day management of Bain because he couldn't run the Olympics and Bain at the same time--there wasn't any need for a blind trust because there was no conflict of interest issue. The issue is that he still served in some capacity with Bain--at least as executive leadership on paper if not as day to day management--and he was listed on the SEC documents as President/CEO/President of the Board. If he wasn't involved with the company at all, that's misleading to investors and a huge "no no". People make investment decisions and do their due diligence based in part on the leadership of a company--that's the felony they're talking about. If he WAS involved, then he has to deal with the investment decisions made by the company during those years, including outsourcing. It looks like a darned if you do, darned if you don't situation. Regardless, as President/CEO/Board President he was legally responsible for the decisions made by Bain during his tenure there, and his signature would have had to be the one on legally binding documents.
I own a business. I don't know too many people who would be willing to take complete legal responsibility for the actions of underlings if they have no say or oversight over their actions.
They're in a blind trust now, but were they when he ran the Olympics?
I dont know, but either way, its not illegal.
Quote:
Originally Posted by mb1547
Why would he need to put them in a blind trust for that?
Who said he had to?
Quote:
Originally Posted by mb1547
The trust would have been an issue while he's holding public office. How could the company have been in a blind trust at that point in time if he was still legally the President/CEO/President of the Board?
Because he owned 100% of the stock.
Quote:
Originally Posted by mb1547
You sound like the one who doesn't know what you're talking about.
Considering I'm the trustee of numerous corporations, I'm very familiar with what the hell I'm talking about. Search my postings and you'll see postings from me going back years to validate this is true.
Quote:
Originally Posted by mb1547
I thought he voluntarily gave up the day to day management of Bain because he couldn't run the Olympics and Bain at the same time--there wasn't any need for a blind trust because there was no conflict of interest issue.
Now your arguing against your own postings.. Up above yo asked if they were in a trust then, but now you go on to argue as if you know for a fact they were.
Quote:
Originally Posted by mb1547
The issue is that he still served in some capacity with Bain--at least as executive leadership on paper if not as day to day management--and he was listed on the SEC documents as President/CEO/President of the Board. If he wasn't involved with the company at all, that's misleading to investors and a huge "no no".
ooh no its not. It happens every single day in america. For example, when corporations go bankrupt, and the bankruptcy judge orders a trustee to manage the companies finances, the CEO and board doesnt disappear.
Quote:
Originally Posted by mb1547
People make investment decisions and do their due diligence based in part on the leadership of a company--that's the felony they're talking about.
No its not, unless you have some proof that he didnt disclose to his investors that he wasnt managing the day to day operations. What do you have to indicate this is true? Thats right.. nothing.. SQUAT, other than your made up misunderstanding of how trusts work.
Quote:
Originally Posted by mb1547
If he WAS involved, then he has to deal with the investment decisions made by the company during those years, including outsourcing. It looks like a darned if you do, darned if you don't situation.
Only when you prove he had dealings with investment choices does your scenario hold water.. Until such time, its bull crap
Quote:
Originally Posted by mb1547
Regardless, as President/CEO/Board President he was legally responsible for the decisions made by Bain during his tenure there, and his signature would have had to be the one on legally binding documents.
More ignorance.. Thats what power of attorneys are for.
Quote:
Originally Posted by mb1547
I own a business. I don't know too many people who would be willing to take complete legal responsibility for the actions of underlings if they have no say or oversight over their actions.
I have several businesses I own, some of them I've never even seen in person, same with Warren Buffet. It seems some people know more than you do.. In my scenario I'm the trustee, and I have CEOs and boards that run the companies for me. Why would I buy up a company if I didnt trust the management team to run them? That would be dumb..
Do you people even care about the truth? I doubt it otherwise you wouldn't be on your knees at the church of obama.
So Factcheck support Romney.. but they also say that Romney is not always honest as well
The Romney campaign cited our work in a recent ad to accuse President Obama of running a “dishonest campaign.” The term “dishonest” is theirs, not ours, however. And we make no judgments about the personal character of either candidate, or their campaigns.
And we’ll just note for the record that FactCheck.org has also found numerousinstances in which Romney has also strayed from the facts in accusations against Obama. He also claimed that he created 100,000 jobs at Bain Capital — a claim we found lacked support because it took credit for jobs added by companies long after Romney had left the Bain.
But that’s no excuse for the Obama campaign trying to saddle Romney with responsibility for decisions Bain made while Romney was somewhere else.
Obama camp stretching truth about Romney's time at Bain.. Romney stretching truth about the 100,000 jobs he "created" (turns out not so he can't claim to know how to create jobs)
Think about that next time you are at your knees at the church of Romney
YOu might wanna use it before you ask stupid questions.
leave 1 (lv)
v. left (lft), leav·ing, leaves
v.tr.
1. To go out of or away from: not allowed to leave the room.
2.
a. To go without taking or removing: left my book on the bus.
b. To omit or exclude: left out the funniest part of the story.
3. To have as a result, consequence, or remainder: The car left a trail of exhaust fumes. Two from eight leaves six.
4. To cause or allow to be or remain in a specified state: left the lights on.
5.
a. To have remaining after death: left a young son.
b. To bequeath: left her money to charity.
6. To give over to another to control or act on: Leave all the details to us.
7.
a. To abandon or forsake: leave home; left her husband.
b. To remove oneself from association with or participation in: left the navy for civilian life.
left 2 (lft)
v. Past tense and past participle of leave1.
Guess they want to talk about anything but the economy.
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Obama Campaign Suggests Mitt Romney Could Be A Felon
lol...
