Joe Malone
Malone in 2010
54th Treasurer and Receiver-General of Massachusetts
In office
January 3, 1991 – January 7, 1999
GovernorWilliam Weld
Paul Cellucci
Preceded byRobert Crane
Succeeded byShannon O'Brien
Personal details
Born
Joseph Daniel Malone

(1954-11-18) November 18, 1954
Newton, Massachusetts, U.S.
Political partyRepublican (Before 2013)
Independent (2013–present)
EducationHarvard University (BA)
WebsiteCampaign website

Joseph Daniel Malone (born November 18, 1954) is an American businessman, former Treasurer and Receiver-General of Massachusetts, and a former member of the Republican Party. In 2010, Malone ran for the Republican nomination for Congress in Massachusetts's 10th congressional district. In 2013, he announced he was leaving the Republican party to become an Independent.[1] Joe Malone is a frequent contributor for Fox 25 as a political analyst.[2] As of 2023 he is the last Republican to serve as Treasurer of Massachusetts.

Biography

Early life and career

Malone was born in Newton, Massachusetts,[3] and is the youngest of seven children of Italian immigrants. His mother worked in the administration of Governor John Volpe. He grew up in Waltham. He graduated from Waltham High School and attended Phillips Andover Academy as a post-graduate.

Malone graduated from Harvard University with a BA in government in 1978.[4][5] Malone, a standout high school football star continued his success at Harvard by winning the Henry Lamar Award. The award is give to the athlete who demonstrates the spirit of cooperation.[6]

Political career

After graduating from Harvard in 1978, Malone worked for the re-election campaign for Republican Senator Edward Brooke. In 1982 he coordinated Ray Shamie's U.S. Senate campaign against Democratic incumbent Ted Kennedy.[4]

Malone unsuccessfully ran for U.S. Senate against incumbent Ted Kennedy in 1988.[7]

Massachusetts Treasurer

Malone was elected Massachusetts Treasurer and Receiver-General in 1990 and was re-elected with almost 70% of the vote in 1994.[6] He served from 1991 to 1999.[8]

Joe reduced his operating budget by 62% during his 8-year tenure. Malone took pension fund performance from among the worst in the nation to the very best. Under Malone the Massachusetts State Lottery became the most efficient in the nation.[9]

During Malone's tenure, at least $9.5 million was stolen from the treasury. Malone was never charged nor accused of wrongdoing; however, some of his aides were convicted and served jail time.[10] In a February 2010 interview with the Boston Globe, Joe Malone stated that "he takes 'full responsibility' for what happened, and argued that the criminal behavior of certain aides should not overshadow his record."[11] The thefts were undetected even by outside and government audits. "I was too trusting of people" Malone said. "I was not inclined to look at people and see the bad side."[12]

Campaign for Governor

In 1998, Malone unsuccessfully challenged acting Governor Paul Cellucci for the Republican nomination for Governor.[13]

After gubernatorial bid

Malone was Vice President of Business Development at Jenzabar, a provider of internet software solutions for colleges in Cambridge, Massachusetts.[14] Internet software solutions currently serves more than 700 colleges and universities.[15]

In December 2000 Malone, along with several other investors, opened the "C.P. Nuttings" steakhouse in Waltham, Massachusetts. The restaurant opened to great success, but like many other restaurant and tourism businesses, struggled in the recession that followed the 9/11 terrorist attacks. Several creditors and wealthy investors lost money in the venture.[16]

Malone is a co-founder of the M/D Group, a business development firm in Scituate, Massachusetts.[17] His co-founder in the venture is Joseph DiLorenzo, the CFO of Plymouth Rock Studios movie studio project in Plymouth, Massachusetts.[18] Malone is now president of The Joe Malone Group, a business development consulting firm.

In March 2010, following Scott Brown's victory in the senate special election, Malone announced a run for the Republican nomination for Congress[19] in Massachusetts's 10th congressional district, whose incumbent Bill Delahunt (D-MA) had announced he would not seek re-election. Other candidates for the Republican nomination were Bob Hayden, Raymond Kasperowicz and Jeff Perry, who won the primary.[20]

References

  1. ↑ "Malone quits GOP; nobody cares". 2013-10-29. Archived from the original on 2016-05-06. Retrieved 2015-11-16.
  2. ↑ Melanson, Mike. "Morning Joe with Joe Malone campaign comes to Brant Rock". 95.9 WATD-FM. Retrieved 2010-08-31.
  3. ↑ 1995-1996 Public Officers of the Commonwealth of Massachusetts.
  4. 1 2 Gitell, Seth (2000-04-13). "The Building Blocks". Boston Phoenix. Archived from the original on 2007-11-20. Retrieved 2007-11-08.
  5. ↑ "Management Team". Archived from the original on 2007-12-05. Retrieved 2007-10-30.
  6. 1 2 "about this blog". capecodtoday. Archived from the original on 2011-07-21. Retrieved 2010-08-31.
  7. ↑ "THE 1988 ELECTIONS: Northeast; MASSACHUSETTS". The New York Times. 1988-11-09. Archived from the original on 2022-07-26. Retrieved 2007-10-06.
  8. ↑ Denison, Dave (2006-01-22). "State of independents". The Boston Globe. Archived from the original on 2007-08-04. Retrieved 2007-10-06.
  9. ↑ Weld, Bill (2010-03-23). "Former Gov. Bill Weld Endorses Joe Malone for Congress". The Red Mass Group. Archived from the original on 2010-08-12. Retrieved 2010-08-31.
  10. ↑ "Archived copy". Archived from the original on 2011-06-08. Retrieved 2010-03-13.{{cite news}}: CS1 maint: archived copy as title (link)
  11. ↑ Phillips, Frank (2010-02-20). "A Malone candidacy worries some Republicans". The Boston Globe. Archived from the original on 2010-02-23. Retrieved 2010-03-13.
  12. ↑ Brennan, George (2010-08-15). "Malone Pressing Perry Hard". capecodtoday. Archived from the original on 2011-06-17. Retrieved 2010-08-31.
  13. ↑ Goldberg, Carey (1998-09-16). "Mayor Wins Chance to Take Storied Kennedy House Seat". The New York Times. Archived from the original on 2022-07-26. Retrieved 2007-10-06.
  14. ↑ Goodison, Donna L. (2000-05-19). "Malone 'steaks' out restaurant venture". Boston Business Journal. Archived from the original on 2002-09-26. Retrieved 2007-11-08.
  15. ↑ Rezendes, Michael; Phillips, Frank (2010-08-06). "For Malone a Career of Ups and Downs". The Boston Globe. Archived from the original on 2010-09-11. Retrieved 2010-08-31.
  16. ↑ Rezendez, Michael (2010-08-06). "For Malone, a career of ups and downs". The Boston Globe. Archived from the original on 2010-08-06. Retrieved 2010-08-25.
  17. ↑ "Joe Malone's biography at M/D Group". Archived from the original on 2007-09-08. Retrieved 2007-09-03.
  18. ↑ Legere, Christine (2010-02-07). "Tax-credit cap new studio hurdle". The Boston Globe. Archived from the original on 2011-06-04. Retrieved 2010-03-13.
  19. ↑ "Joe Malone For Congress". Archived from the original on March 13, 2010. Retrieved March 11, 2010.
  20. ↑ http://blogs.cqpolitics.com/eyeon2010/2010/09/massachusetts-10-and-9.html%5B%5D
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