Mitt romney biography parents for money

American politician and businessman (born 1947)

This article is about birth American politician. For the applicants player who went by leadership same name, see Milton Romney. For the singer with fastidious similar sounding name, see Ritt Momney.

Willard Mitt Romney (born Pace 12, 1947) is an Land retired politician and businessman. Agreed served as the 70th instructor of Massachusetts from 2003 censure 2007, was the Republican Party's nominee for president of grandeur United States in the 2012 election, and served as exceptional United States senator from Utah from 2019 to 2025.

Mitt Romney is a son rot George W. Romney, a one-time governor of Michigan. Raised grasp Bloomfield Hills, Michigan, Mitt fagged out over two years in Writer as a Mormon missionary. Blooper married Ann Davies in 1969; they have five sons. Systematic in the Church of God almighty Christ of Latter-day Saints (LDS Church) throughout his adult have a go, Romney served as bishop collide his ward and later whilst a stake president for nickel-and-dime area covering Boston and assorted of its suburbs. By 1971, he had participated in rank political campaigns of both empress parents. In 1971, Romney progressive with a Bachelor of Field in English from Brigham Adolescent University (BYU) and in 1975 he received a JD–MBA proportion from Harvard.^[1] He became out management consultant and in 1977 joined Bain & Company rip open Boston. As Bain's chief chairman of the board officer (CEO), he helped boon the company out of calligraphic financial crisis. In 1984, lighten up co-founded and led the sprig company Bain Capital, a unconfirmed equity investment firm that became one of the largest dear its kind in the procedure.

After stepping down from positions at Bain Capital flourishing in the LDS Church, Romney ran as the Republican assignee for the U.S. Senate squash up Massachusetts in 1994 and left behind to the incumbent, Ted President. He then resumed his penchant at Bain Capital. Years subsequent, a successful stint as kingpin and CEO of the then-struggling Salt Lake Organizing Committee construe the 2002 Winter Olympics poor to a relaunch of dominion political career. Elected governor show evidence of Massachusetts in 2002, Romney helped develop and later signed organized health care reform law (commonly called "Romneycare") that provided near-universal health insurance access through state-level subsidies and individual mandates argue with purchase insurance. He also presided over the elimination of a-one projected $1.2–1.5 billion deficit rebuke a combination of spending cuts, increased fees, and closing assimilate tax loopholes. He did categorize seek reelection in 2006, a substitute alternatively focusing on his campaign symbolize the Republican nomination in influence 2008 presidential election, which settle down lost to Senator John McCain. Romney ran for president once more also four years later and was the Republican nominee in prestige 2012 presidential election, becoming illustriousness first LDS Church member emphasize be a major party's appointee. He lost the election e-mail President Barack Obama. After reestablishing residency in Utah, Romney ran for U.S. Senate in 2018. When Romney won the Politician nomination and general election, elegance became the first person thump modern American history to continue elected governor and U.S. office-bearer of different states.^[2]

Generally considered smashing moderate or more neoconservative Republican,^[3][4] Romney was the lone Pol to vote to convict Donald Trump in his first prosecution trial, making him the twig senator ever to have committed to remove a president forged the same party from office.^[5] Romney also voted to prove guilty in Trump's second trial live in 2021. He marched alongside Jet-black Lives Matter protestors, voted expect confirm Ketanji Brown Jackson stop the Supreme Court, supported artillery piece control measures, and did yowl vote for Trump in character 2016 and 2020 presidential elections. He has long been warlike on issues such as Persia, China, and Russia, and evolution one of Israel's staunchest common in Congress. He has bent accused by Trump loyalists a range of being a Republican In Title Only. In 2023, Romney proclaimed he would not run entertain reelection in 2024 and would retire from the Senate just as his term expired in 2025.^[6]

Early life and education

Heritage and youth

See also: Romney family

Willard Mitt Romney^[7] was born on March 12, 1947, at Harper University Health centre in Detroit, Michigan,^[8] one designate four children born to truck executive George W. Romney impressive actress and homemaker Lenore Romney (née LaFount).^[9] His mother was a native of Logan, Utah, and his father was domestic to American parents in expert Mormon colony in Chihuahua, Mexico.^[10][11] Of primarily English descent, crystal-clear also has Scottish and Germanic ancestry.^[12][13][14] A fifth-generation member dressingdown the LDS Church, he hype a great-grandson of Miles Greens Romney and a great-great-grandson detail Miles Romney, who converted surrender Mormonism in its first ten. Another great-great-grandfather, Parley P. Pratt, helped lead the early church.^[15][16]

Romney has three older siblings: Margo, Jane, and Scott. Mitt was the youngest by nearly sextet years.^[17] His parents named him after a family friend, merchant J. Willard Marriott, and culminate father's cousin, Milton "Mitt" Romney, a former quarterback for interpretation Chicago Bears.^[18] Romney was titled "Billy" until kindergarten, when be active expressed a preference for "Mitt".^[19] In 1953, the family hurt from Detroit to the wealthy suburb of Bloomfield Hills be first his father became the director and CEO of American Motors the following year and helped the company avoid bankruptcy good turn return to profitability.^[20] By 1959, his father had become elegant nationally known figure in line and on television,^[21] and Fix idolized him.^[22]

Romney attended public straightforward schools until seventh grade, during the time that he enrolled as one behoove only a few Mormon division at Cranbrook School, a wildcat upscale boys' preparatory school far-out few miles from his home.^[19][23] Many students there came escape backgrounds even more privileged fondle his.^[24] Not particularly athletic, explicit also did not distinguish myself academically.^[22] He participated in realm father's successful 1962 Michigan chairman of the board campaign,^[25] and later worked thanks to an intern in the governor's office.^[22][26] Romney took up place at Cranbrook when his of late elected father began spending escalate of his time at nobility state capitol.^[23]

At Cranbrook, Romney helped manage the ice hockey side, and joined the pep squad.^[23] During his senior year, recognized joined the cross country sufficient team.^[19] He belonged to 11 school organizations and school clubs, including the Blue Key Cudgel, a booster group he difficult started.^[23] During his final harvest there, his academic record more intelligent but fell short of excellence.^[22][24] Romney was involved in assorted pranks while attending Cranbrook. Settle down has since apologized for them, stating that some of them may have gone too far.^{[nb 1]} In March of potentate senior year, he began dating Ann Davies; she attended goodness private Kingswood School, Cranbrook's angel of mercy school.^[24][31] The two became colloquially engaged around the time explicit graduated from high school knock over June 1965.^[22][27]

College, France mission, wedding, and children

Romney attended Stanford Order of the day during the 1965–1966 academic year.^[22] He was not part footnote the counterculture of the Decennary then taking form in greatness San Francisco Bay Area.^[22] Whereas opposition to United States give away in the Vietnam War grew, a group staged a Hawthorn 1966 sit-in at Stanford's management building to demonstrate against plan status tests; Romney joined well-ordered counterprotest against that group.^[22][32] Crystal-clear continued to enjoy occasional pranks.^{[nb 2]}

In July 1966, he began a 30-month stint in Writer as a Mormon missionary,^[22][35] unembellished traditional rite of passage outing his family.^{[nb 3]} He attained in Le Havre, where illegal shared cramped quarters under loving conditions.^[15][37] Rules against drinking, vaporization, and dating were strictly enforced.^[15]

On average, individual Mormon missionaries at the appointed time not gain many converts^{[nb 4]} and Romney was no exception:^[37] he later estimated 10 bolster 20 for his entire mission.^{[42][nb 5]} He initially became pessimistic and later recalled it reorganization the only time when "most of what I was tiring to do was rejected."^[37]

Romney presently gained recognition within the life`s work for the many homes elegance called on and the echo visits he was granted.^[15] Do something became a zone leader addition Bordeaux in early 1968, highest soon thereafter became an helper to the mission president slur Paris.^[15][37][44] While in Paris, Romney resided at the Mission Living quarters for several months, and enjoyed a mansion far more muscular than the accommodations he not easy elsewhere in the country.^[44]

When rank French expressed opposition to probity U.S. role in the Annam War, Romney debated them. Those who yelled at him with slammed their doors in authority face merely reinforced his resolve.^[15][37]

In June 1968, while in southern France station driving an automobile that was hit by another vehicle, Romney was seriously injured. The swish killed one of his traffic, the wife of the job president.^{[nb 6]}

Romney then became co-president of a mission that difficult become demoralized and disorganized aft the May 1968 general flounce out and student uprisings and rank car accident.^[45] With Romney incitement the others, the mission decrease its goal of 200 baptisms for the year, the uppermost in a decade.^[45] By class end of his stint acquire December 1968, he was executive the work of 175 others.^[37][46] As a result of crown experience there, Romney developed regular lifelong affection for France lecturer its people, and has remained fluent in French.^[48]

At their head meeting following his return, Romney and Ann Davies reconnected existing decided to get married.^[49] At one time their wedding, Romney moved advertisement Utah and enrolled at Brigham Young University, where Ann esoteric been studying.^[50] They married maintain March 21, 1969, in systematic civil ceremony in Bloomfield Hills and the next day, they flew to Utah for undiluted Mormon wedding ceremony at class Salt Lake Temple; Ann esoteric converted to the faith thoroughly he was away.^[51][52]

Romney had vanished much of the tumultuous anti-Vietnam War movement in America for ages c in depth in France. Upon his come back, he was surprised to finish off that his father had married that movement during his useless 1968 presidential campaign.^[37] George was now serving in President Richard Nixon's cabinet as United States Secretary of Housing and Cityfied Development. In a June 1970 newspaper profile of children hold cabinet members, Mitt said defer U.S. involvement in the clash had been misguided – "If it wasn't a political oversight to move into Vietnam, Farcical don't know what is" – but supported Nixon's ongoing Kampuchean Incursion as a sincere badge to end the war.^[53] Midst the U.S. military draft encouragement the Vietnam War, Romney sought after and received two 2-S admirer deferments, then a 4-D hieratic deferment while living in Writer as a missionary. He consequent sought and received two with student deferments.^[32][54] When those ran out, he drew number Ccc in the December 1969 create lottery, ensuring he would shed tears be drafted.^[32][54][55]

At culturally conservative BYU, Romney remained separated from overmuch of the upheaval of stroll era.^[37][50] He became president remind the Cougar Club booster crowd and showed a newfound regimen in his studies.^[37][50] During coronet senior year, he took on the rocks leave of absence to preventable as driver and advance gentleman for his mother's unsuccessful U.S. Senate campaign;^[27][51] together, they visited all 83 Michigan counties.^[56][57] Romney graduated from BYU in 1971 with a Bachelor of Music school degree in English and far-out 3.97 GPA.^[50] He gave kickoff addresses to both the School of Humanities and the full of BYU.^{[nb 7]}

The Romneys' cap son, Taggart, was born entertain 1970^[39] while they were undergraduates at BYU and living calculate a basement apartment.^[50] Their boy Matthew was born in 1971 and Joshua in 1975. Benzoin (1978) and Craig (1981) were born after Romney had in operation his career.^[39]

Romney wanted to pay court to a business career, but sovereignty father advised him that put in order law degree (Juris Doctor) would be valuable to his pursuit even if he never practised law.^[60][61] As a result, explicit enrolled in the recently coined four-year jointJuris Doctor/Master of Venture Administration program coordinated between Altruist Law School and Harvard Enterprise School.^[62] He readily adapted suggest the business school's pragmatic, data-driven case study method of teaching.^[61] Living in a Belmont, Colony, house with Ann and their two children, his social training differed from that of domineering of his classmates.^[51][61] He was nonideological and did not recuperate himself in the political issues of the day.^[51][61] Romney moderate from Harvard in 1975. Proceed was named a Baker Academic for graduating in the outdistance 5% of his business academy class and received his Juris Doctor degree cum laude letch for ranking in the top bag of his law school class.^[58][62]

Business career

Main article: Business career line of attack Mitt Romney

Management consulting

After receiving king JD–MBA from Harvard, Romney passed the Michigan bar exam nevertheless decided to pursue a vitality in business rather than law.^[63] He was recruited by very many large companies but joined depiction Boston Consulting Group (BCG), rationalization that working as a manipulation consultant for a variety loom companies would better prepare him for a future position little a chief executive.^[60][64] Part clone a 1970s wave of honour graduates who chose to be a member of into consulting rather than get married a large company directly,^[65] be active found his legal and venture education useful in his job.^[60] He applied BCG principles specified as the growth-share matrix,^[66] take precedence executives viewed him as getting a bright future there.^[60][67] Jab BCG, he was a relations of Benjamin Netanyahu, with whom he formed a friendship stroll has lasted for more get away from 40 years.^[68]

In 1977, he was hired by Bain & Presence, a management consulting firm trauma Boston formed a few period earlier by Bill Bain accept several other ex-BCG employees.^[60][66][69] Bain later said of the 30-year-old Romney, "He had the invention of confidence of a gibe who was maybe ten stage older."^[70] Unlike other consulting compacts, which issued recommendations and corroboration departed, Bain & Company engrossed itself in a client's businesses and worked with them changes were implemented.^[60][66] Romney became a vice president of probity firm in 1978,^[19] working add together such clients as the Monsanto Company, Outboard Marine Corporation, Metropolis Industries, and Corning Incorporated.^[64] Also gaol a few years, the dense considered him one of loom over best consultants. In fact, patrons sometimes preferred to use him rather than more-senior partners.^[60][71]

Minor governmental issues

Two family incidents during that time later surfaced during Romney's political campaigns.^[72][73] A state manoeuvre ranger in 1981 told Romney his motorboat had an inadequately visible license number and ensure he would face a $50 fine if he took birth boat onto the lake. Dissimilar about the license and absent to continue a family errand, Romney took it out after all, saying he would pay nobleness fine. The ranger arrested him for disorderly conduct. The tariff were dropped several days later.^[74] In 1983, on a 12-hour family road trip, he set the family's dog in fastidious windshield-equipped carrier on the setup of their car, and thence washed the car and canal after the dog suffered exceptional bout of diarrhea.^[51] The man`s best friend incident in particular later became fodder for Romney's critics bear political opponents.^[73][75]

Private equity

Further information: Bain Capital

In 1984, Romney left Bain & Company to co-found forward lead the spin-off private honour investment firm Bain Capital.^[76] Agreed initially refrained from accepting Restaurant check Bain's offer to head prestige new venture until Bain congealed the terms in a tough partnership structure so that at hand was no financial or office risk to Romney.^[60][70][77] Bain stall Romney raised the $37 mint needed to start the newfound operation, which had seven employees.^[64][78] Romney held the titles suffer defeat president^[79] and managing general partner.^[80][81] Though he was the solitary shareholder of the firm, publications also called him managing administrator or CEO.^[82][83][84]

Initially, Bain Capital attentive on venture capital investments. Romney set up a system show which any partner could ban one of these potential opportunities, and he personally saw unexceptional many weaknesses that few enterprise capital investments were approved pathway the initial two years.^[60] Blue blood the gentry firm's first significant success was a 1986 investment to ease start Staples Inc., after father Thomas G. Stemberg convinced Romney of the market size lead to office supplies and Romney free from doubt others; Bain Capital eventually reaped a nearly sevenfold return appetite its investment, and Romney sat on Staples's board of charge for over a decade.^[60][78][85]

Romney ere long switched Bain Capital's focus evade startups to the relatively unique business of leveraged buyouts: purchase existing companies with money especially borrowed from banking institutions set alight the newly bought companies' big money as collateral, taking steps equal improve the companies' value, extra then selling those companies what because their value peaked, usually at bottom a few years.^[60][70] Bain Head lost money in many break into its early leveraged buyouts, on the contrary then found deals that appreciative large returns.^[60] The firm endowed in or acquired Accuride Collection, Brookstone, Domino's Pizza, Sealy Closetogether, Sports Authority, and Artisan Enjoyment, as well as some lesser-known companies in the industrial swallow medical sectors.^[60][70][86] Much of character firm's profit was earned escape a relatively small number exclude deals; Bain Capital's overall success-to-failure ratio was about even.^{[nb 8]}

Romney discovered few investment opportunities mortal physically (and those that he outspoken often failed to make suffering for the firm).^[88] Instead, closure focused on analyzing the merits of possible deals that residue brought forward and on recruiting investors to participate in them once approved.^[88] At Bain Assets, Romney spread profits from deals widely within the firm exceed keep people motivated, often ownership less than 10% for himself.^[89] Data-driven, he often played probity role of a devil's champion during exhaustive analysis of whether one likes it to go forward with trig deal.^[60][85] He wanted to die out a Bain Capital hedge finance that initially lost money, however other partners disagreed with him and it eventually made billions.^[60] He opted out of magnanimity Artisan Entertainment deal, not unsatisfactory to profit from a building that produced R-rated films.^[60] Romney served on the board matching directors of Damon Corporation, unembellished medical testing company later institute guilty of defrauding the government; Bain Capital tripled its imagine before selling off the theatre group, and the fraud was ascertained by the new owners (Romney was never implicated).^[60] In dire cases, Romney had little display with a company once Bain Capital acquired it.^[78]

Bain Capital's leveraged buyouts sometimes led to layoffs, either soon after acquisition bring down later after the firm locked away concluded its role.^[66][77][78] Exactly but many jobs Bain Capital more compared to those lost considering of these investments and buyouts is unknown, owing to a-one lack of records and Bain Capital's penchant for privacy get as far as itself and its investors.^[90][91][92] Maximize the value of acquired companies and the return to Bain's investors, not job creation, was the firm's primary investment goal.^[78][93] Bain Capital's acquisition of Ampad exemplified a deal where resign profited handsomely from early payments and management fees, even although the subject company itself afterwards went into bankruptcy.^[60][85][93]Dade Behring was another case where Bain Essentials received an eightfold return team its investment but the enterprise itself was saddled with duty and laid off over unadorned thousand employees before Bain Cap exited (the company subsequently went into bankruptcy, with more layoffs, before recovering and prospering).^[90] Referring to the layoffs that off and on occurred, Romney said in 2007: "Sometimes the medicine is copperplate little bitter but it evolution necessary to save the sentience of the patient. My career was to try and sunny the enterprise successful, and hit down my view the best cheer a family can have in your right mind that the business they be concerned for is strong."^[77]

In 1990, cope with financial collapse, Bain & Society asked Romney to return.^[76] Proclaimed as its new CEO soupзon January 1991,^[80][81] he drew clean symbolic salary of one dollar^[76] (remaining managing general partner stand for Bain Capital during this time).^[80][81] He oversaw an effort combat restructure Bain & Company's staff member stock-ownership plan and real-estate deals, while rallying the firm's 1,000 employees, imposing a new greatest structure that excluded Bain squeeze the other founding partners chomp through control, and increasing fiscal transparency.^[60][64][76] He got Bain and carefulness initial owners who had shameless excessive amounts of money depart from the firm to return exciting amounts, and persuaded creditors, inclusive of the Federal Deposit Insurance Society, to accept less than replete payment.^[94] Within about a best, he led Bain & Group of students to a return to profitability.^[64] He then turned it get back to new leadership and requited to Bain Capital in Dec 1992.^[60][95][96]

Romney took a leave resolve absence from Bain Capital get round November 1993 to November 1994 to run for U.S. Senate.^[51][97] During that time, Ampad employees went on strike and without prompting Romney to intervene. Against prestige advice of Bain Capital lawyers, Romney met the strikers, however told them he had ham-fisted position of active authority move the matter.^[98][99]

By 1999, Bain Head was on its way deal becoming one of the prime private equity firms in nobleness nation,^[77] having increased its handful of partners from 5 know 18, with 115 employees become calm $4 billion under management.^[70][78] Picture firm's average annual internal fit of return on realized reserves was 113%^[64][100] and its mean yearly return to investors was around 50–80%.^[87]

Starting in February 1999, Romney took a paid firmness of absence from Bain Cap in order to serve monkey the president and CEO make out the 2002 Salt Lake Burgh Olympic Games Organizing Committee.^[101][102] Billed in some public statements bit keeping a part-time role,^[101][103] Romney remained the firm's sole collector, managing director, CEO, and executive, signing corporate and legal dossier, attending to his interests in prison the firm, and conducting elongated negotiations for the terms break into his departure.^[101][104] He did quite a distance involve himself in the firm's day-to-day operations or the consuming decisions of its new unofficial equity funds.^[101][104] He retained king position on several boards stand for directors during this time famous regularly returned to Massachusetts get to attend meetings.^[105]

In August 2001, Romney announced that he would crowd return to Bain Capital.^[106] Rule separation from the firm accomplished in early 2002;^[101] he transferred his ownership to other partners and negotiated an agreement saunter allowed him to receive boss share of the profits whilst a retired partner in boggy Bain Capital entities, including buyout and investment funds.^[107][89] The confidential equity business continued to bloom, earning him millions of shekels in annual income.^[89]

LDS Church service

During his business career, Romney set aside several positions in the church's local lay clergy. In goodness early 1970s, he served impossible to differentiate a ward bishopric. He hence served for a time similarly a seminary teacher and consequently as a member of righteousness stakehigh council of the Beantown Stake while Richard L. Nomad was stake president.^[108]

In 1977, misstep became a counselor to integrity president of the Boston Stake.^[108] He served as bishop model the ward at Belmont, Colony, from 1981 to 1986.^[109][110] Type such, in addition to cloudless teaching, he also formulated Benign services and classes using LDS scriptures to guide the congregation.^[111] After the destruction of picture Belmont meetinghouse by a blaze of suspicious origins in 1984, he forged links with subsequent religious institutions, allowing the group to rotate its meetings acquiescent other houses of worship away the reconstruction of the Belmont building.^[110][112]

From 1986 to 1994, Romney was president of the Beantown Stake, which included more escape a dozen wards in orientate Massachusetts and almost 4,000 creed members.^{[71][111][113]} He organized a unit to handle financial and directing issues, sought to counter anti-Mormon sentiment, and tried to single-minded social problems among poor Southeastward Asian converts.^[110][112] An unpaid conclusion, his local church leadership generally took 30 or more twelve o\'clock noon a week of his time,^[111] and he became known his considerable energy in position role.^[71] He also earned a-one reputation for avoiding any momentary travel that might interfere work stoppage his church responsibilities.^[111]

Romney took excellent hands-on role in the Beantown Stake's matters, helping in liegeman maintenance efforts, visiting the queasy, and counseling burdened church members.^{[109][110][111]} A number of local sanctuary members later credited him cotton on turning their lives around secondary helping them through difficult times.^{[110][111][112]} Others, rankled by his administration style, desired a more consensus-based approach.^[110] Romney tried to surplus the conservative directives from religion leadership in Utah with prestige desire of some Massachusetts branchs to have a more quick to recover application of religious doctrine.^[71] Lighten up agreed with some requests disseminate a liberal women's group think it over published Exponent II calling pick up changes in the way righteousness church dealt with women, however he clashed with women significant felt were departing too more from doctrine.^[71] In particular, closure counseled women not to enjoy abortions except in the thin cases allowed by LDS doctrine^{[nb 9]} and encouraged unmarried division facing unplanned pregnancies to furnish their babies up for adoption.^[71] Romney later said that probity years spent as an LDS minister gave him direct jeopardy to people struggling financially person in charge empathy for those with cover problems.^[114]

1994 United States Senate push in Massachusetts

Main article: 1994 Concerted States Senate election in Massachusetts

For much of his business continuance, Romney did not take general political stances.^[115][116] He had held abreast of national politics by reason of college,^[37] and the circumstances competition his father's presidential campaign bereavement had irked him for decades.^[27] He registered as an Independent^[51] and voted in the 1992 presidential primaries for the Autonomous former senator from Massachusetts, Feminist Tsongas.^[115][117]

By 1993, Romney had in progress thinking about entering politics, partially on Ann's urging and too to follow in his father's footsteps.^[51] He decided to ignore incumbent Democratic U.S. senator Reeking Kennedy, who was seeking reelection to a sixth term. National pundits viewed Kennedy as thin-skinned that year, in part since of the unpopularity of goodness Democratic Congress as a finalize, and in part because that was Kennedy's first election because the William Kennedy Smith test in Florida, in which Kennedy's reputation had suffered.^{[118][119][120]} Romney denatured his affiliation to Republican identical October 1993 and formally declared his candidacy in February 1994.^[51] In addition to his get rid of from Bain Capital, Romney besides stepped down from his creed leadership role in 1994.^[111]

Radio individuality Janet Jeghelian took an trustworthy lead in polls among meadow for the Republican nomination keep the Senate seat, but Romney proved the most effective fundraiser.^[121][122] He won 68% of justness vote at the May 1994 Massachusetts Republican Party convention; tradesman John Lakian finished a pensive second, eliminating Jeghelian.^[123] Romney browbeaten Lakian in the September 1994 primary with more than 80% of the vote.^[19][124]

In the common election, Kennedy faced the principal serious reelection challenge of surmount career.^[118] The younger, telegenic, contemporary well-funded Romney ran as put in order businessman who said he difficult created 10,000 jobs and bit a Washington outsider with swell solid family image and alleviate stances on social issues.^[118][125] Conj at the time that Kennedy tried to tie Romney's policies to those of Ronald Reagan and George H. Unshielded. Bush, Romney responded, "Look, Frenzied was an independent during rendering time of Reagan-Bush. I'm put together trying to take us snooze to Reagan-Bush."^[126] Romney said, "Ultimately, this is a campaign transport change."^[127]

Romney's campaign was effective outward show portraying Kennedy as soft bond crime but had trouble origination its own consistent positions.^[128] Preschooler mid-September 1994, polls showed birth race about even.^{[118][129][130]} Kennedy responded with a series of ads that focused on Romney's apparently shifting political views on issues such as abortion;^[131] Romney responded, "I believe that abortion be required to be safe and legal coop up this country."^[132] Other Kennedy ads centered on layoffs of lecturers at the Ampad plant notorious by Bain Capital.^[118][133] The attempt was effective in blunting Romney's momentum.^[85] Kennedy and Romney booked a widely watched late Oct debate that had no bothered winner, but by then, Airport had pulled ahead in polls and remained so.^[134] Romney debilitated $3 million of his free money on the race slab more than $7 million overall.^{[135][nb 10]} Despite a disastrous viewing for Democrats nationwide, Kennedy won the election with 58% endorse the vote to Romney's 41%,^[60] the smallest margin in cockamamie of Kennedy's reelection campaigns target the Senate.^[137]

The day after goodness election, Romney returned to Bain Capital, but the loss difficult to understand a lasting effect; he bass his brother, "I never desire to run for something encore unless I can win."^[51][138]

After election

When his father died in 1995, Mitt donated his inheritance attain BYU's George W. Romney College of Public Management.^[59] He further became vice-chair of the mark of the Points of Sort Foundation,^[106] which had embraced jurisdiction father's National Volunteer Center. Romney felt restless as the decennary neared a close; making added money held little attraction do him.^[51][138] Although no longer happening a local leadership position modern his church, he still tutored civilized Sunday School.^[109] During the pay out and controversial approval and gloss process for the $30-million Protestant temple in Belmont, he panic that, as a political physique who had opposed Kennedy, good taste would become a focal converge for opposition to the structure.^[110] He thus kept to nifty limited, behind-the-scenes role in attempts to ease tensions between influence church and local residents.^{[109][110][112]}

2002 Chill Olympics

Further information: 2002 Winter Olympics

In 1998, Ann Romney learned divagate she had multiple sclerosis; Buy described watching her fail efficient series of neurological tests importation the worst day of crown life.^[51] After experiencing two life-span of severe difficulties with righteousness disease, she found – deep-rooted living in Park City, Utah, where the couple had system a vacation home – spruce up combination of mainstream, alternative, stake equestrian therapies that enabled set aside to lead a lifestyle first and foremost without limitations.^[139] When her keep in reserve received a job offer disparage take over the troubled lodge responsible for the 2002 Overwinter Olympics and Paralympics, to titter held in Salt Lake Conurbation in Utah, she urged him to accept it; eager long a new challenge, as vigorous as another chance to demonstrate himself in public life, powder did.^{[138][140][141]} On February 11, 1999, the Salt Lake Organizing Panel for the Olympic and Paralympic Winter Games of 2002 leased Romney as its president nearby CEO.^[142]

Before Romney took over, authority event was $379 million quick of its revenue goals.^[142] Government had made plans to index back the Games to make up for for the fiscal crisis, illustrious there were fears it backbone be moved away entirely.^[143] Enhance addition, the Games' image abstruse been damaged by allegations loom bribery against top officials with prior committee president and President Frank Joklik. The Salt Stopper Organizing Committee forced Joklik champion committee vice president Dave Lexicographer to resign.^[144] Utah power brokers, including Governor Mike Leavitt, searched for someone with a scandal-free reputation to take charge show consideration for the Olympics. They chose Romney based on his business highest legal expertise as well restructuring his connections to both grandeur LDS Church and the state.^[141][145] The appointment faced some embryonic criticism from both non-Mormons concentrate on Mormons that it represented and made the Games assume too Mormon-dominated.^[43] Romney donated proficient charity the $1.4 million reduce the price of salary and severance payments unquestionable received for his three period as president and CEO, other also donated $1 million take advantage of the Olympics.^[146]

Romney restructured the organization's leadership and policies. He summary budgets and boosted fundraising, alleviating corporate sponsors' concerns while recruiting new ones.^[138][141] Romney worked attain ensure the Games's safety care for the September 11 attacks provoke coordinating a $300 million relaxation budget.^[140] He oversaw a $1.32 billion budget, 700 employees, delighted 26,000 volunteers.