From Deseret News archives:

Romney's holdings could be $250 million

Wealth is spread over array of investments

Published: Tuesday, Aug. 14, 2007 12:54 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Among them were investments in gaming companies, including Ameristar Casinos and Harrahs Entertainment. Romney has been eager to present himself as the most socially conservative candidate in the field, decrying what he has said is the debasement of the culture.

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."

Story continues below
A note in Romney's report states that Romney asked for a listing of Bain's underlying holdings, but, like other funds in his blind trust, the fund managers said the information was confidential and declined to provide it.


Contributing: Suzanne Struglinski, Deseret Morning News.

Recent comments

It's shocking that as a devout Mormon, Mitt Romney would own stock in...

Stenar | Aug. 14, 2007 at 3:32 p.m.

A lot of people will simply be jealous. But remember, the guy got his...

Raymond Takashi Swenson | Aug. 14, 2007 at 9:56 a.m.

Ah our Dayly Romney Fis thank you DMN i just can't make it with out...

Kevin | Aug. 14, 2007 at 6:34 a.m.

Image
Lenny Ignelzi, Associated Press

Mitt Romney visits with aide Tony Strickland and California state Sen. Mark Wyland at the U.S.-Mexico border fence in San Diego.

Related content
previousnext

Latest comments

When Boozer was shooting the free throws, why Sloan didn't substitute Mathew...

Letters: Global warming a lie

actions, I will be forced to be accountable for them. I refuse. I am an...

What's with the Utah fans flashing the double L sign?

@mark: So Sam da Ham... you were just making it up?" I'm a climate...

Utes excited to go to San Diego

"I have no idea why BYU fans are talking smack about bowl opponents. Even if...

TCU versus BSU unpopular

You say to "quit whining and play somebody." Isn't that what everyone is...

BoM translation remarkably consistent

Reading these comments, I start wondering-- Whatever happened to faith? Why...

Utes excited to go to San Diego

All those numbers when all you reall need to know is that BYU has beat Utah...

BYU eager for crack at Oregon State

All thos numbers when all you reall need to know is that BYU has beat Utah...

So Sam da Ham, when you said this: "Not so. Al Gore is poised to make...

Advertisements