Retirement Deal Keeps Bain Money Flowing to Romney - NYTimes.com: "Eventually, Mr. Romney turned his sights beyond the business world. In February 1999, he left Bain to help turn around the troubled organization of the 2002 Winter Olympic Games. In 2001, Mr. Romney announced that he had formally transferred his ownership of Bain Capital Inc. to other partners.
But behind the scenes, Mr. Romney had negotiated his retirement agreement. Although he would no longer be a partner, he would continue to be paid a part of the firm’s profits in buyout deals and other businesses, much as active partners were. The agreement would cover any new fund or venture started by his former partners until February 2009, although his stake would decline with each successive fund.
He and his wife also would be permitted to invest their own money in co-investment vehicles typically reserved for Bain executives.
While some former business associates said they considered the deal generous, others said Mr. Romney might have gotten even more from Bain had he not wanted a quick move into public life."
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