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malaise

(269,054 posts)
Mon Jul 16, 2012, 04:51 PM Jul 2012

Holy Shite - Willard, DDi, Lehman Brothers & the Massachusetts Pension Fund

http://www.huffingtonpost.com/2012/07/16/mitt-romney-bain-capital_n_1677133.html?utm_hp_ref=elections-2012
<snip>

DDi would prove to be a problem for Romney shortly thereafter. Early in his tenure as governor of Massachusetts, a federal securities investigation alleged that the company had pressured Lehman Brothers to inflate the value of its stock.

No evidence was uncovered to suggest that Romney or Bain had violated laws. His then and current spokesman Eric Fehrnstrom told the Globe it would be "far-fetched to take an internal Lehman Brothers e-mail regarding alleged conversations among unknown people and somehow connect it to Mitt Romney, who was off running the Olympics at the time." Bain, meanwhile, said it had "complied with all securities laws." Bain and Romney, in fact, sold their shares after the Lehman-related stock price bump had dissipated.

But while they both got out with a profit, others weren't so lucky. The Massachusetts state pension fund, which had bought stock in the company, lost just under $350,000. DDi would go on to file for bankruptcy, restructure its debt and eventually rebuild its operations.

Business professors and venture capital experts have questioned what operational or managerial control, if any, Romney would have had over DDi.
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Who destroyed all of those computers and emails again?
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Holy Shite - Willard, DDi, Lehman Brothers & the Massachusetts Pension Fund (Original Post) malaise Jul 2012 OP
"Who destroyed all of those computers and emails again?" Voice for Peace Jul 2012 #1
Wouldn't it be lovely malaise Jul 2012 #2
 

Voice for Peace

(13,141 posts)
1. "Who destroyed all of those computers and emails again?"
Mon Jul 16, 2012, 06:46 PM
Jul 2012

THIS issue is a hot one and hasn't shown up yet in the ads..
wouldn't it be wonderful if somebody somehow had wisely, secretly
saved all those hard drives?

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