Business Politics

Mitt Romney

Mitt Romney is an American businessman turned politician. He is the co-founder and CEO of Bain Capital, which is one of the most successful venture capital and investments companies in America that rapidly came to acquire several companies. He then became the CEO of Bain and Company, a management-consulting firm based in Boston.

After his impressive stint as President of the Salt Lake Olympics Organizing Committee for the 2002 Winter Olympics, he ran and was elected as Governor of Massachusetts where he served from 2003 to 2007. In February 2007, he announced his candidacy for the 2008 Republican nomination for President. However, he suspended his campaign in February 2008 and afterwards endorsed John McCain for President.

BACKGROUND AND EDUCATION

Willard Mitt Romney was born on March 12, 1947 in Detroit, Michigan, to George and Lenore Romney. His father was the former Governor of Michigan and was also a presidential candidate in 1968 while his mother became a U.S. Senatorial candidate for Michigan in 1970.

Romney attended Cranbrook School in Michigan where he graduated in. After his mission service in France for The Church of Jesus Christ of Latter-day Saints, he attended Brigham Young University and graduated in 1971, receiving his Bachelor of Arts degree with the highest honors. In 1975, Mitt Romney obtained an MBA from Harvard Business School and was named a Baker scholar. He also graduated cum laude from Harvard Law School where he obtained a J.D.

Romney is married to Ann Davies and they have five sons.

BUSINESS & POLITICS

After graduation, Mitt Romney worked for the Boston Consulting Group and from 1978 to 1984, Romney became the Vice-President of Bain & Company, Inc. In 1984, he left the company and established Bain Capital, an investment company that acquired a multitude of companies including Staples, Sealy Corporation, Domino’s Pizza, Bright Horizons Family Solutions, The Sports Authority, Brookstone, and FTD Florists. He headed the company for fourteen years and in 1990, returned to Bain & Company serving as CEO, aiming to direct the financial restructuring of the company.
In 1999, Romney gained national popularity when he was hired to chair the 2002 Salt Lake City Olympic Games Organizing Committee, after a preceding anomaly committed by its former leaders. Romney changed the organization’s leadership and policies, which led to the event’s success. Following such achievement, he then announced his candidacy for Governor of Massachusetts and won despite his lack of experience in holding public office. He served his position from 2003 to 2007. On February 13, 2007, he formally broadcasted his candidacy for the 2008 Republican nomination for President. On February 7, 2008 though, he suspended his campaign following the outcome of the 2008 Super Tuesday primaries. He then endorsed McCain for President on February 14, 2008.

Today, Romney is affiliated with Boy Scouts of America, City Year, and Point of Light Foundation. He is also part of the Visiting Committee of Harvard Business School and he now serves on corporate boards including Stapes, Mariott, Duane Reade and Babbages.