The famous English historian, William Maitland, reportedly did not speak until a lady spilled hot tea on him at the age of 5. He reassured her saying, "It is all right madam, the pain has somewhat abated." When asked why he had never spoken he replied, "Everything had been had been fine until now."
The media has missed the point about Bain. Romney did not object to Bain investments after February of 1999 because he thought everything was fine. As the sole shareholder, the CEO and President, he certainly received updates on the company he founded and, which, was the primary source of his wealth. He was mute as a matter of choice, not because of the lack of a voice in company affairs. If, as his titles suggest, he had veto authority, he remains responsible for the actions of Bain Capital until 2002 when he resigned.
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