Joseph Daniel Malone (born November 18, 1954) is an American businessman, former
Treasurer and Receiver-General of Massachusetts
The Treasurer and Receiver-General of Massachusetts (commonly called the "treasurer") is an executive officer, elected statewide every four years.
The Treasurer oversees the Office of Abandoned Property, escheated accounts, the State Retirement ...
, 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. Joe Malone is a frequent contributor for Fox 25 as a political analyst. As of 2021 he is the last Republican to serve as Treasurer of Massachusetts.
Biography
Early life and career
Malone was born in
Newton, Massachusetts
Newton is a city in Middlesex County, Massachusetts, United States. It is approximately west of downtown Boston. Newton resembles a patchwork of thirteen villages, without a city center. According to the 2020 U.S. Census, the population of Ne ...
, and is the youngest of seven children of
Italian
Italian(s) may refer to:
* Anything of, from, or related to the people of Italy over the centuries
** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom
** Italian language, a Romance language
*** Regional Ita ...
immigrants. His mother worked in the administration of Governor
John Volpe
John Anthony Volpe (; December 8, 1908November 11, 1994) was an American businessman, diplomat, and politician from Massachusetts. A son of Italian immigrants, he founded and owned a large construction firm. Politically, he was a Republican in ...
. He grew up in
Waltham. He graduated from
Waltham High School
Waltham High School is a public high school located in Waltham, Massachusetts, United States. It is the only high school operated by Waltham Public Schools.
History
The current Waltham High School was constructed in 1968 and expanded in 1998 a ...
and attended
Phillips Andover Academy
("Not for Self") la, Finis Origine Pendet ("The End Depends Upon the Beginning") Youth From Every Quarter Knowledge and Goodness
, address = 180 Main Street
, city = Andover
, state = Ma ...
as a
post-graduate
Postgraduate or graduate education refers to academic or professional degrees, certificates, diplomas, or other qualifications pursued by post-secondary students who have earned an undergraduate ( bachelor's) degree.
The organization and stru ...
.
Malone graduated from
Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...
with a
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.
Political career
After graduating from Harvard in 1978, Malone worked for the
re-election campaign for
Republican
Republican can refer to:
Political ideology
* An advocate of a republic, a type of government that is not a monarchy or dictatorship, and is usually associated with the rule of law.
** Republicanism, the ideology in support of republics or agains ...
Senator
Edward Brooke
Edward William Brooke III (October 26, 1919 – January 3, 2015) was an American politician of the Republican Party, who represented Massachusetts in the United States Senate from 1967 until 1979. Prior to serving in the Senate, he served as th ...
.
In
1982 he coordinated
Ray Shamie
Raymond Shamie (June 7, 1921 – October 16, 1999) was an American politician and businessman from Massachusetts. Shamie served as the chair of the Massachusetts Republican Party and was twice the Republican nominee for the United States Senat ...
's U.S. Senate campaign against
Democratic incumbent
Ted Kennedy
Edward Moore Kennedy (February 22, 1932 – August 25, 2009) was an American lawyer and politician who served as a United States senator from Massachusetts for almost 47 years, from 1962 until his death in 2009. A member of the Democratic ...
.
[
Malone unsuccessfully ran for U.S. Senate against incumbent Ted Kennedy in ]1988
File:1988 Events Collage.png, From left, clockwise: The oil platform Piper Alpha explodes and collapses in the North Sea, killing 165 workers; The USS Vincennes (CG-49) mistakenly shoots down Iran Air Flight 655; Australia celebrates its Bicenten ...
.
Massachusetts Treasurer
Malone was elected Massachusetts Treasurer and Receiver-General in 1990 and was re-elected with almost 70% of the vote in 1994. He served from 1991 to 1999.
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.
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. 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."
Campaign for Governor
In 1998, Malone unsuccessfully challenged acting Governor Paul Cellucci
Argeo Paul Cellucci (; April 24, 1948 – June 8, 2013) was an American politician and diplomat from the Commonwealth of Massachusetts. A Republican, he served as the 69th governor of Massachusetts from 1999 to 2001, and as the United State ...
for the Republican nomination for Governor.
After gubernatorial bid
Malone was Vice President of Business Development at Jenzabar, a provider of internet software solutions for colleges in Cambridge, Massachusetts
Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. As part of the Boston metropolitan area, the cities population of the 2020 U.S. census was 118,403, making it the fourth most populous city in the state, behind Boston ...
. 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 ( ) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, ...
. 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, whose incumbent Bill Delahunt
William David Delahunt (born July 18, 1941) is an American lawyer and politician from Massachusetts. He 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 ...
(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.[http://blogs.cqpolitics.com/eyeon2010/2010/09/massachusetts-10-and-9.html]
References
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External links
{{DEFAULTSORT:Malone, Joe
1954 births
Living people
American people of Italian descent
Businesspeople from Massachusetts
Harvard University alumni
Massachusetts Republicans
Politicians from Newton, Massachusetts
State treasurers of Massachusetts
Waltham High School alumni