NEWS FLASH

Bain Press Release Claims CEO Romney Is On ‘Part-Time Leave’ To Run Olympics | The Romney campaign has claimed that the former Massachusetts governor cut all ties with Bain Capital when he left to run the 2002 Winter Olympics in February of 1999, but a press release from July of 1999 seems to contradict this account. “Bain Capital CEO W. Mitt Romney” is “currently on a part-time leave of absence to head the Salt Lake City Olympic Committee for the 2002 Games,” the release, uncovered by Daily Kos’ Jed Lewison, states. The document announces the departure of two Bain managing directors. In 1999, Romney himself had stated that he would “stay on as a part-timer with Bain providing input on investment and key personnel decisions.”