News Column

Romney Takes Role at Son Tagg's Solamere Capital

March 7, 2013
Mitt Romney

Mitt Romney, the 2012 Republican presidential nominee, will work at his son's investment firm, Solamere Capital, NBC News reported.

Romney will be chairman of the executive committee at the investment firm led by his oldest son, Tagg.

Romney plans to work with Solamere one week a month, advising on matters of private equity, and isn't planning to fundraise for the firm, a person knowledgeable about the situation told NBC News.

Romney has had office space at Solamere, based in Boston, since the November election. However, he has not been officially involved in business matters.

His 2012 presidential campaign and his unsuccessful 2008 bid to be the GOP presidential nominee focused on his business background. Romney founded the private equity investment firm Bain Capital in 1984.



Source: Copyright United Press International 2013


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