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Ann Romney's sweetheart deal She decided her love of 30 years should be senator
[City Edition]
Boston Globe (pre-1997 Fulltext) - Boston, Mass.
Author: Thomas, Jack
Date: Oct 20, 1994
Start Page: 61
Section: LIVING
Abstract (Document Summary)

"The stock came from Mitt's father. When he took over American Motors, the stock was worth nothing. But he invested Mitt's birthday money year to year -- it wasn't much, a few thousand, but he put it into American Motors because he believed in himself. Five years later, stock that had been $6 a share was $96 and Mitt cashed it so we could live and pay for education.

"Remember, we'd been paying $62 a month rent, but here, rents were $400, and for a dump. This is when we took the now-famous loan that Mitt talks about from his father and bought a $42,000 home in Belmont, and you know? The mortgage payment was less than rent. Mitt saw that the Boston market was behind Chicago, LA and New York. We stayed there seven years and sold it for $90,000, so we not only stayed for free, we made money. As I said, Mitt's very bright.

"Right after Mitt graduated in 1975, we had our third boy and it was about the time Mitt's first paycheck came along. So, we were married a long time before we had any income, about five years as struggling students. Mitt had offers in New York, Chicago, Los Angeles, but we loved Boston. One thing led to another, and he went from Boston Consulting Group to Bain & Co., where he became an extraordinarily young partner.

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