What does romney own

These "corporate raider" claims were widely discredited , largely because Romney was no longer leading Bain when the company bought KB Toys, having left a year earlier to help organize the Salt Lake City Olympic Games. The company would eventually declare bankruptcy in Bain Capital, under Romney's command, bought Ampad in , took the company public in and had relinquished control by the time the office supply manufacturer declared bankruptcy in , according to a Boston Globe analysis of Security and Exchange Commission filings.

Romney retired from Bain to help manage the Olympics in Bain responded to the Obama campaign ad on Monday, saying the company's control of Ampad ended in , "fully four years before it encountered financial difficulties. Under his watch, Bain Capital invested in the then-fledgling office superstore, which now employs 88, people, according to the company's annual stockholder report.

Gymboree also operates Janie and Jack stores, which specialize in newborn and toddler apparel, and Crazy 8, a discount children's clothing store. We'll notify you here with news about. Politics business. Most Popular. Tax Breaks. February 25, There's tons of advice about how big your nest egg should be for retirement but focusing too much on a single figure can lead to complacency.

October 26, Financial Planning. October 29, And the perfectly fair question that arises from that theory is whether the "little or nothing" value that Romney attributed to the investments when he contributed them was actually a fair valuation--or whether Romney low-balled the value to dodge some taxes.

But since Romney's IRA investments are disguised via a byzantine series of offshore entities designed at least in part to minimize US taxes, it is impossible to do this analysis without having access to his returns. This is one reason why it's so important for Romney to release his returns --so the public can understand the truth about Romney's finances, as well as the reality of tax laws that allow super-rich Americans to take advantage of sophisticated loopholes that most Americans, for all practical purposes can't.

This morning, the Boston Globe published what could be a bombshell story about how Romney has been saying he left his private-equity firm, Bain Capital , three years before he actually left. Romney first made this claim when he was running for Governor of Massachusetts--as a way of dodging blame for some layoffs that occurred at one of Bain's investments.

And Romney has repeated this claim ever since. The Romney campaign has said the Globe story is "inaccurate," but hasn't offered any explanation of why four Bain entities would have made 9 filings with the SEC claiming this if it weren't true.

SEC filings, needless to say, are serious business. If Romney was actually not associated with Bain when Bain was saying he was the "Chairman, CEO, and President," Bain may well have committed fraud and if Romney knew about it and didn't correct it, he also might have committed fraud. Meanwhile, if Bain's filings were correct, Romney's repeated claims that he left three years earlier than he did will be a huge blow to his credibility.

So this issue is potentially a huge deal. And the Romney campaign hasn't even begun to address or explain it in a satisfactory way. The filings said that Romney was the "sole shareholder" of Bain Capital in the period, more than 15 years after Bain Capital was founded.