Wednesday, May 30, 2007

Romney Pledges Salary to Charity

In the News



Romney pledges salary to charity if elected president


By Glen Johnson
The Associated Press

DOVER, N.H. - Republican Mitt Romney, conceding that his business career helped him make more money than he expected, said Tuesday he would likely give his presidential salary - and more - to charity. During a question-and-answer session with Liberty Mutual employees, Romney said that despite his personal wealth - his assets likely will total $190 million to $250 million - he has committed himself to public service, from head of the 2002 Winter Olympics to one-term governor of Massachusetts. "When I got started, I went to school and I never anticipated that I'd be as financially successful as I was, and then my business went far better than I expected it would," Romney, a former venture capitalist, told a woman who asked him how the country's political system could be corrected if most of the presidential candidates are millionaires. Romney's assets makes him the wealthiest of all the presidential candidates, Democratic or Republican. "I wouldn't disqualify somebody by virtue of their financial wealth or their financial poverty," Romney said after ticking off his public service work. "I would instead look at their record, what they've done with their life and whether they can make a difference, whether the things they have learned will enable them to be an effective leader."

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