But it did take some time to unwind his position in the company, legally.
And financially. The people at Bain had to come up with a fair price to buy his shares, I imagine.
In explaining the SEC documents filed in 2000 and 2001, Pagliuca said, “Due to the sudden nature of Mr. Romney’s departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999. Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period.””Nothing. Nothing. Nothing. He was just gone. And it happened very suddenly. … After that, he was not on calls or writing memos. He was gone.”
Oh, and Romney’s responded to Obama’s “I failed to tell a story”statement.
