Today is a sad day for the fact-checking industry.
Here's The Washington Post's resident fact-checker examining the latest Romney/Bain revelations.
Despite the furor, we did not see much new in the Globe article. We had examined many SEC documents related to Romney and Bain in January, and concluded that much of the language saying Romney was “sole stockholder, chairman of the board, chief executive officer, and president” was boilerplate that did not reveal whether he was actually managing Bain at the time. (For instance, there is no standard definition of a “chief executive,” securities law experts say, and there is no requirement for anyone to have any responsibilities even if they have that title.)
He was the “sole stockholder, chairman of the board, chief executive officer, and president” but that doesn't mean anything, okay? Simply being the de facto dictator and sole owner doesn't mean you have any responsibility.
I'm glad we cleared that up.
