The Rittenhouse Review

A Philadelphia Journal of Politics, Finance, Ethics, and Culture


Tuesday, July 30, 2002  

SKELETONS IN THE SAFETY-DEPOSIT BOX
Raising Campaign Funds from Fellow Board Members

It seems Massachusetts Republican gubernatorial candidate Mitt Romney has a few skeletons in his safety deposit box.

“‘We have watched, in horror’ the news of scandals and mismanagement, Romney said in a hastily-planned speech at the Boston Stock Exchange, where he called for the state pension fund to invest only in companies that meet strict ethical standards,” according to a report in today’s Boston Globe. “‘We, as beneficiaries and owners of stocks, have been suffering,’ he said. ‘I am appalled by the financial accounting irregularities and abuses of power which we’ve seen.’”

He should know. He saw it all up close as a member of the boards of directors at Marriott International Inc. and Staples Inc.

“[R]ecords show that as a member of corporate boards, Romney took part in some of the very practices he is now criticizing,” the Globe reports.

The Rittenhouse Review | Copyright 2002-2006 | PERMALINK |

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