Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news. Brennan Weiss and James Pasley. Mitt Romney, a Harvard graduate, spent 25 years in the private sector earning hundreds of millions of dollars before entering politics.
His political career has been tumultuous. He became the Massachusetts Governor, and Utah's senator, but he also lost two presidential races, in and In February , he voted to convict President Donald Trump at the end of the Senate's impeachment trial. It was the first time a senator had ever voted against a same-party president. Visit Business Insider's homepage for more stories.
He was the fourth child of George and Lenore Romney, and something of a surprise. Lenore took about a year to recover from the birth, and in that time he and George grew close. He was raised in a disciplined house in Bloomfield Hills where chores were done, and summer jobs were worked. His early ambition wasn't politics, but cars. He went to Cranbrook, an elite private school. He also wasn't too athletic. However, one memorable event from his schooling was a track race in his last year.
He needed to finish the race for his team to won, but he collapsed near the end. His team mates tried to help him, but he pushed them away, and managed to make it on his own, finishing to a standing ovation.
Romney was still at school when his father entered politics. George was a moderate Republican. He was also popular for a time. In ninth grade, George was on the cover of Time. He went to Stanford University in During the year, he protested to support the drafting for the Vietnam War, showing his conservative politics. He left after a year to go to Paris. He would ultimately graduate valedictorian, from Brigham Young University with a B.
In the late s, he spent nearly three years as a Mormon missionary in France, returning in He's a sixth generation Mormon. During his time, he read a book called "Think and Grow Rich," a book all about how to succeed, focusing on persistence and being organized. Three months later he married Ann Davies, who he had started dating in high school. They have been together ever since. In , he went to Harvard law and business school.
He wanted to study business, but his father wanted him to do law, so he did both. In , Romney started a career in management consulting and private equity.
Founder Bill Bain said that when Romney started at his firm, "he had the appearance of confidence of a guy who was maybe 10 years older. No one had business cards, and they spoke in code in public. Romney's talent at management was noted, and he rose through the ranks, then branched out to create an investment group within Bain.
Romney's division was responsible for investing and growing businesses like Domino's, Brookstone, and Duane Reade. According to New York, Romney was responsible for pioneering the "business takeover," but Romney was a cautious leader, and many remembered him literately sweating intensely.
The Romney family grew as his career flourished. In , he also had a run-in with the law. He was arrested after launching his boat into a lake, when the license wasn't visible enough.
He was handcuffed at the time, but a few days later the charges were dropped. Ann pushed Romney towards politics. In , she reportedly urged him to run for the US senate. The Romney campaign did not deny that the video is authentic and insisted only that the candidate cares about all Americans.
Apart from offending a large part of the population, the comment is also inaccurate. Earlier in the day, the Romney campaign said it would attempt to give a clearer, more positive picture of their candidate as it seeks to regain the initiative with just 50 days to go until the election.
The new strategy will not abandon negative campaigning, but will focus on positive ads as well as speeches to spell out the Romney would pursue in office, in particular his five-point economic plan. The latest polls show Obama's large post-convention poll bounce beginning to narrow. But the problem for the Romney campaign is less Obama's post-convention bounce and more the fact that the Republican failed to secure any bounce at all.
Romney began his campaign early in the summer intent on making the election about Obama's economic record and making himself as small a target as possible by disclosing little about his own policies. Things you buy through our links may earn New York a commission. GOP sources say that, during this rally, he will announce the suspension of his campaign.
According to Time. Romney to Quit Race [Time]. Update: Snippets from his speech just now, in which he said he was stepping aside so that McCain could begin a national campaign:.
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