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Re: Bain Capital still paying Romney 

By: ribit in FFFT | Recommend this post (1)
Tue, 20 Dec 11 3:10 AM | 38 view(s)
Boardmark this board | Food For Further Thought 		Msg. 37176 of 65535
(This msg. is a reply to 37175 by clo)
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clo
he negotiated an extremely lucrative retirement package that pays him “millions of dollars in income each year,”

...would ya vote for him if he had negotiated a bad contract that didn't pay him squat?




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Bain Capital still paying Romney
By: clo in FFFT
Tue, 20 Dec 11 2:37 AM 		Msg. 37175 of 65535

Bain Capital still paying Romney

Mitt Romney retired from Bain Capital in 1999, but the company has
continued paying him a portion of the profits from all its deals.

That’s because he negotiated an extremely lucrative retirement package
that pays him “millions of dollars in income each year,” according to
The New York Times.

This means you can expect to hear more from Romney’s opponents about how
he has profited from layoffs.

In 2000, for example, Bain purchased KB Toys and eventually laid off
thousands of workers. Romney’s retirement package was also taxed at the
15 percent capital-gains rate instead of the 35 percent rate for
ordinary income. 

http://www.nytimes.com/2011/12/19/us/politics/retirement-deal-keeps-bain-money-flowing-to-romney.html?_r=1&ref=todayspaper&pagewanted=all

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