First, I'm off to the airport to fly down to HQ of my new employer. I'll be spending the next day and a half getting the paperwork filled out, learning the ropes, and getting my marching orders. I'm very excited to get my feet wet, and start working again. It's been nice to have the last month off to "recharge", but those that know me, know I can't sit still very long.
I've also added a new advertiser to the blog, right near the top of the page. It's Newsmax, and they have a nice collection of stories/reports that you might not find in other places. Here's an interesting perspective on the money Romney has given up to chase his goal of having a DC address:
A recent Forbes magazine article by Nathan Vardi headlined, “Mitt Romney: The Most Expensive Political Career in American History.”
As Vardi observes, “Lots of people pay a high price for getting into politics, but no one has likely given up more, at least financially, than Mitt Romney.”
Just how much?
Well, Forbes estimates Romney would be worth around $2 billion if he had stayed at Bain Capital rather than run for office.
Romney decided to leave his thriving private-equity firm Bain in 1999 to rescue the Winter Olympics in Salt Lake City. He went on to pursue a political career that led him to the governorship of Massachusetts and now the GOP presidential nomination.
And while Romney is today worth an estimated $230 million, it is indisputable he could have accumulated a far greater fortune had he not left Bain.
Forbes calculates that had he remained at Bain, Romney’s stake in the company would be worth $1.5 billion today. Bloomberg has come to a similar conclusion, estimating that his stake would be worth $1.32 billion.
By leaving Bain when he did, Romney missed out on a decade of lucrative performance fees and the ability to claim some of the firm’s most profitable deals, which all told could have brought in another $500 million.
Had he remained at Bain, then, Romney would “probably be worth $2 billion by now,” Vardi writes, adding that Romney “has consistently shown that he is willing to sacrifice huge sums of money in order to chase his political dreams.”
That amazing sacrifice shows Mitt Romney is clearly on a mission, and that is to make America stronger.
Please check out some of the links at Newsmax, as every click you make helps keep the lights on!
