Ravi
Diamond Member
Romney can solve all this by releasing the paperwork regarding the sale of Bain. But since it was called a "retroactive retirement" I'm betting he won't.and what leads you to believe that's a lie?
meetings =/= making decisions
Staying on as CEO, continuing to be paid a salary, and then retroactively retiring.
Walks like a duck.
I am sitting here in my home office typing away on this forum.
I am no longer running the company I sold in January. I still own 80% of the stock and will own 60% next year...40% the year after...and so on.
I am still laneled as the President of the corporation and must sign the corp returns....and will only do so AFTER the independent auditor approves them as accurate
I still get a small salary by law...my names are still on contracts with vendors and clients.....and I am personally responsible for the satisdsfaction of the venodr contracts.
I do not have access to the books by contract...but an indepoendant auditor does if I suspect wrong doing..such as a vendor not getting paid in a timely fashion.
By contract, I can not represent myself as the owner nor can I interrupt daily activities of the company.
I can offer advice if I wish.....but i will not for it could open the door for the new owner to sue me if my advice went bad.
The new owner has a contractual obligation to meet with me nop less than 10 times a year until all stock is transferred or all contrects with my name expire and shjow me that all vendor obligations are up to date.
It only walks like a duck to you becuase you dont understand what a sale with no or partial stock transfer at signing is all about.