Joseph D. Malone
Encyclopedia
Joseph Daniel "Joe" Malone (born November 18, 1954 in Newton, Massachusetts
) is an American
businessman, former Treasurer and Receiver-General of Massachusetts
, and a member of the Republican Party
. In 2010, Malone ran for the Republican nomination for Congress in Massachusetts's 10th congressional district
.
immigrants. 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 an BA
in government in 1978. 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.
Senator Edward Brooke
.
In 1982 he coordinated Ray Shamie
's U.S. Senate campaign against Democratic
incumbent Ted Kennedy
.
Malone unsuccessfully ran for U.S. Senate against incumbent Ted Kennedy in 1988.
Malone was elected state Treasurer in 1990 and was re-elected in 1994, serving from 1991 to 1999.
In 1998, Malone unsuccessfully challenged acting Governor Paul Cellucci
for the Republican nomination for Governor.
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.
Malone was re-elected by almost 70% percent of the vote to return as the Massachusetts State Treasurer for a 2nd term.
Joe Malone is a frequent contributor for Fox 25 as a political analyst.
Joe Malone was treasurer and receiver-general of the Commonwealth of Massachusetts when at least $9.5 million was stolen from the treasury. Malone was never charged nor accused of wrong doing, however some of his aides were convicted and served jail time. 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.” 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.”
. Internet software solutions currently serves more than 700 colleges and universities.
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.
Malone is a co-founder of the M/D Group, a business development firm in Scituate, Massachusetts
. His co-founder in the venture is Joseph DiLorenzo, the CFO of Plymouth Rock Studios movie studio project in Plymouth, Massachusetts. 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 in
Massachusetts's 10th congressional district
. Incumbent Democratic Representative Bill Delahunt
had announced he would not seek re-election. Other candidates for the Republican nomination were Bob Hayden, Raymond Kasperowics and Jeff Perry
, who won the primary.
Newton, Massachusetts
Newton is a city in Middlesex County, Massachusetts, United States bordered to the east by Boston. According to the 2010 U.S. Census, the population of Newton was 85,146, making it the eleventh largest city in the state.-Villages:...
) is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman, former Treasurer and Receiver-General of Massachusetts
Treasurer and Receiver-General of Massachusetts
The Treasurer and Receiver-General of Massachusetts is an executive officer, elected state-wide every four years....
, and a member of the Republican Party
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...
. In 2010, Malone ran for the Republican nomination for Congress in Massachusetts's 10th congressional district
Massachusetts's 10th congressional district
Massachusetts's 10th congressional district is a political constituency that includes parts of the South Shore of Massachusetts, and all of Cape Cod and the islands. With a population of 635,901 and a land area of , it is the most populous of Massachusetts's ten congressional districts and the...
.
Early life and career
Joseph Malone is the youngest of seven children of ItalianItaly
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
immigrants. He grew up in Waltham
Waltham, Massachusetts
Waltham is a city in Middlesex County, Massachusetts, United States, was an early center for the labor movement, and major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning,...
. He graduated from Waltham High School and attended Phillips Andover Academy as a post-graduate.
Malone graduated from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
with an BA
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in government in 1978. Malone, a standout high school football star continued his success at Harvard by winning the Henry Lamar
Henry Lamar (American football)
Henry Nicholson Lamar was an American college boxing coach, college football coach, and professional boxing executive. He served as the head football coach at Harvard University in 1943 and 1944...
Award. The award is give to the athlete who demonstrates the spirit of cooperation.
Political career
After graduating from Harvard in 1978, Malone worked for the re-election campaign for RepublicanRepublican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...
Senator Edward Brooke
Edward Brooke
Edward William Brooke, III is an American politician and was elected to the United States Senate as a Republican from Massachusetts in 1966, defeating his Democratic opponent, Endicott Peabody, 60.7%–38.7%...
.
In 1982 he coordinated Ray Shamie
Ray Shamie
Raymond Shamie was an American politician from the state of Massachusetts. Born in Brooklyn, New York, he was twice a Massachusetts Republican nominee for the United States Senate, and served as the chairman of the Massachusetts Republican Party from 1987 to 1991.In 1982, Shamie, a millionaire...
's U.S. Senate campaign against Democratic
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...
incumbent Ted Kennedy
Ted Kennedy
Edward Moore "Ted" Kennedy was a United States Senator from Massachusetts and a member of the Democratic Party. Serving almost 47 years, he was the second most senior member of the Senate when he died and is the fourth-longest-serving senator in United States history...
.
Malone unsuccessfully ran for U.S. Senate against incumbent Ted Kennedy in 1988.
Malone was elected state Treasurer in 1990 and was re-elected in 1994, serving from 1991 to 1999.
In 1998, Malone unsuccessfully challenged acting Governor Paul Cellucci
Paul Cellucci
Argeo Paul Cellucci is an American politician and diplomat who served as the 69th Governor of Massachusetts and US Ambassador to Canada.-Early life and career:...
for the Republican nomination for Governor.
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.
Malone was re-elected by almost 70% percent of the vote to return as the Massachusetts State Treasurer for a 2nd term.
Joe Malone is a frequent contributor for Fox 25 as a political analyst.
Theft of State Funds by Associates
Joe Malone was treasurer and receiver-general of the Commonwealth of Massachusetts when at least $9.5 million was stolen from the treasury. Malone was never charged nor accused of wrong doing, however some of his aides were convicted and served jail time. 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.” 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.”
After gubernatorial bid
Malone was Vice President of Business Development at Jenzabar, a provider of internet software solutions for colleges in Cambridge, MassachusettsCambridge, Massachusetts
Cambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...
. Internet software solutions currently serves more than 700 colleges and universities.
In December, 2000 Malone, along with several other investors, opened the "C.P. Nuttings" steakhouse in Waltham, Massachusetts
Waltham, Massachusetts
Waltham is a city in Middlesex County, Massachusetts, United States, was an early center for the labor movement, and major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning,...
. 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.
Malone is a co-founder of the M/D Group, a business development firm in Scituate, Massachusetts
Scituate, Massachusetts
Scituate is a seacoast town in Plymouth County, Massachusetts, United States, on the South Shore, midway between Boston and Plymouth. The population was 18,133 at the 2010 census....
. His co-founder in the venture is Joseph DiLorenzo, the CFO of Plymouth Rock Studios movie studio project in Plymouth, Massachusetts. Malone is now president of The Joe Malone Group, a business development consulting firm.
In March 2010, following Scott Brown
Scott Brown
Scott Brown is a United States senator.Scott Brown may also refer to:-Sportsmen:*Scott Brown , American college football coach of Kentucky State...
's victory in the senate special election
United States Senate special election in Massachusetts, 2010
The 2010 United States Senate special election in Massachusetts was a special election held on January 19, 2010, in order to fill the Massachusetts Class I United States Senate seat for the remainder of the term ending January 3, 2013...
, Malone announced a run for the Republican nomination for Congress in
Massachusetts's 10th congressional district
Massachusetts's 10th congressional district
Massachusetts's 10th congressional district is a political constituency that includes parts of the South Shore of Massachusetts, and all of Cape Cod and the islands. With a population of 635,901 and a land area of , it is the most populous of Massachusetts's ten congressional districts and the...
. Incumbent Democratic Representative Bill Delahunt
Bill Delahunt
William D. Delahunt is a former U.S. Representative for , serving from 1997 to 2011. He is a member of the Democratic Party. Delahunt did not seek re-election in 2010, and left Congress in January 2011. He was replaced by Norfolk County District Attorney Bill Keating...
had announced he would not seek re-election. Other candidates for the Republican nomination were Bob Hayden, Raymond Kasperowics and Jeff Perry
Jeff Perry (politician)
Jeffrey Davis "Jeff" Perry is a former member of the Massachusetts House of Representatives who represented the 5th Barnstable District from 2003-2011...
, who won the primary.