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The Boston Globe


Bain says Romney kept ownership after leaving

July 12 -- Mitt Romney remained the sole stockholder of Bain Capital LLC even after leaving in 1999 to run the Winter Olympics, the private-equity fund said after questions were raised about when the presumptive Republican presidential nominee departed the firm.

Bain, based in Boston, said in a statement today that it took a while to transfer ownership to Romney’s successors “due to the sudden nature” of his decision to run the Olympics in Salt Lake City. Until the ownership situation was resolved, Romney continued to be listed as the sole stockholder and in various executive positions in Securities and Exchange Commission filings, the company said.

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