Here’s amongst the first descriptions I have seen from anyone describing Romney’s role at Bain after his Olympic tenure started (h/t New York Times):
Mr. Romney’s insistence that he had no decision-making role at Bain after 1999 drew vocal support on Sunday from a former managing director there, Edward Conard.
Because Mr. Romney was so intimately involved in the company’s founding and development, Mr. Conard said on MSNBC, “we had a very complicated set of negotiations that took us about two years to unwind” the Romney role.
“During that time, a management team ran the firm, and we could hardly even get Mitt to come back to negotiate the terms of his departure, because he was working so hard on the Olympics,” he said.
While conceding that Mr. Romney “legally” remained the firm’s chief executive, Mr. Conard said he did not remember Mr. Romney’s taking part in any meetings.
That certainly doesn’t settle the matter by any means, but it does highlight one of the remaining important questions: who ran Bain starting after Romney left for Salt Lake City, and how much contact did Romney have with them about the firm?