Mitt Romney’s campaign asked the Boston Globe for a correction to its big story this morning on the timing of the candidate’s departure from Bain Capital. The correction request is a muscular bit of polemical writing, one that pits Boston Globe reporting against Boston Globe reporting — that is, it seeks to contrast contentions in today’s story with contentions in the Globe-sponsored biography of the candidate, titled “The Real Romney.”
As already reported, the Boston Globe declined the request. Have a look at the argument the paper rejected:
Dear Mr. Baron,
Today’s news report in the Boston Globe regarding Mitt Romney’s departure from Bain was a re-hash of old allegations that first appeared in other publications and which have been found to be false by independent fact checking organizations. They also conflict with the reporting of the Globe[’s] own staff in the book published last year by the Boston Globe, The Real Romney.
Mitt Romney left Bain Capital to run the Olympics in February of 1999. Your article on Mitt Romney’s tenure at Bain asserts that Mitt Romney remained “at the helm” of Bain Capital beyond his retirement from the firm in February of 1999. This is inaccurate. Bain Capital after this time was managed by the other partners in the firm, as was detailed in The Real Romney.
As we provided to the Globe, while Mitt Romney continued to be listed on filings as the ownership of the firm changed hands, he was involved in no management or investment decisions during this period. This has been detailed in disclosure forms which said: “Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee. 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.”
This has also been confirmed by Bain Capital which has stated: “Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure. 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.”
This has also been confirmed today by Fortune Magazine, which reported on contemporaneous Bain documents of this period that “list 18 managers of the private equity fund. Mitt Romney is not among them.”
Despite all of the facts provided and previous reporting on this, your article led readers to believe that Mitt Romney was managing Bain Capital at this time when he in fact was not, and for that reason, we are asking that you issue a correction.
Romney for President