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[73] Announced as its new CEO in January 1991,[77][78] he drew a symbolic salary of one dollar[73] (remaining managing general partner of Bain Capital during this time). [48][135] Although no longer in a local leadership position in his church, he still taught Sunday School. “The actions of a rogue president will not and should not reflect on you. [322] Combined with the delayed loss in Iowa, Romney's admitted poor week represented a lost chance to end the race early, and he quickly decided to release two years of his tax returns. [103] His separation from the firm concluded in early 2002;[98] He transferred his ownership to other partners and negotiated an agreement that allowed him to receive a share of the profits as a retired partner in some Bain Capital entities, including buyout and investment funds. [522], This article is about the politician. [160] On March 19, 2002, Swift announced she would not seek her party's nomination, and hours later Romney declared his candidacy,[160] for which he would face no opposition in the primary. Romney described same-sex marriage as a "state issue" while running for the Senate in 1994 and he opposed a constitutional ban on same-sex marriage in 2002. With his election, he became the third individual to have served as governor of one state and senator from another state. [374] The 2014 documentary film Mitt showed a behind-the-scenes, family-based perspective on both of Romney's presidential campaigns and received positive notices for humanizing the candidate and illustrating the toll that campaigning takes. "[13] Romney added that he should neither be elected nor rejected based upon his religion,[244] and echoed Senator John F. Kennedy's famous speech during his 1960 presidential campaign in saying, "I will put no doctrine of any church above the plain duties of the office and the sovereign authority of the law. [206] He also amended his position on embryonic stem cell research itself. Raised in Bloomfield Hills, Michigan, by his parents, George and Lenore Romney, he spent over two years from 1966 in France as a Mormon missionary. Sen. Mitt Romney, Utah Republican, said he saluted four GOP senators who have said they will withdraw their objections to the November election … [50] During the U.S. military draft for the Vietnam War, Romney sought and received two 2-S student deferments, then a 4-D ministerial deferment while living in France as a missionary. [481] He planned to formally label China a currency manipulator and take associated counteractions unless that country changed its trade practices. [nb 12], Romney supported raising various fees, including those for drivers' licenses and gun licenses, to raise more than $300 million. He also praised Utah Sen. Mitt Romney, and suggested Republicans emulate people such as Romney as they rebuild their party after President Donald Trump. He previously served as the 70th governor of Massachusetts from 2003 to 2007 and was the Republican Party's nominee for president of the United States in the 2012 election. Romney donated to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO, and also contributed $1 million to the Olympics. [41] When the French expressed opposition to the U.S. role in the Vietnam War, Romney debated them. [262][263] During the U.S. automotive industry crisis of 2008–10, he opposed a bailout of the industry in the form of direct government intervention, and argued that a managed bankruptcy of struggling automobile companies should instead be accompanied by federal guarantees for post-bankruptcy financing from the private sector. (Susan Walsh | AP photo) President-elect Joe Biden speaks during an event at The Queen theater in Wilmington, Del., Friday, Jan. 8, 2021, to announce key administration posts.

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