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Romney: I left all management of Bain Capital in February 1999
BOSTON -- Mitt Romney stepped Friday into the political controversy surrounding the question of precisely when he ceded control of the private equity firm he founded, saying in an interview that despite reports that his name continued to appear on government documents on behalf of Bain Capital until 2002, he had absolutely no working relationship with the company after leaving in February 1999 to take over the Salt Lake City Olympic Games.
"In February of 1999 I left Bain Capital and left all management authority and responsibility for the firm. I had no ongoing activity or involvement in the affairs of Bain Capital because I went out to run the Olympics," Romney told NBC's Peter Alexander in an interview in New Hampshire. "And so in February of 1999 I became the full-time chief executive officer of the Salt Lake Olympic Organizing Committee and I had after that time no work whatsoever with Bain Capital people. No responsibility or activity with the management of Bain Capital."
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