From Deseret News archives:
Romney's holdings could be $250 million
Wealth is spread over array of investments
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The report also highlights a continuing connection between Romney and Bain Capital, the venture capital firm he founded and which he left in 1999 to assume leadership of the Salt Lake City Winter Olympics. Romney ran the 2002 Winter Olympics in Salt Lake and then was elected governor of Massachusetts later in 2002.
Earlier this year, Romney played down any lingering connection with Bain Capital after The Associated Press reported that Bain Capital and Bain & Co., the management consulting firm where Romney used to work, had links to Iranian business interests. At the time, a spokesman highlighted Romney's 1999 resignation from Bain, while Romney himself said his divestment call applied only to future activity, not past dealings.
A notation in Romney's filing, however, says that under a noncompete agreement with Bain Capital, Romney retains a "passive profit share as a retired partner in certain Bain Capital entities formed on or prior to Feb. 11, 2009."
Contributing: Suzanne Struglinski, Deseret Morning News.
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