Mike McFadden
Mike McFadden | |
|---|---|
 | |
| Personal details | |
| Born | Michael Frederick McFadden September 7, 1964 Omaha, Nebraska, U.S. |
| Political party | Republican |
| Education | University of St. Thomas, Minnesota (BA) Georgetown University (JD) |
Michael Frederick McFadden (born September 7, 1964) is an American businessperson and the co-CEO of Lazard Middle Market, a Minneapolis-based investment bank.[1] McFadden was the 2014 Republican nominee for the United States Senate in Minnesota against incumbent Democrat Al Franken.[2]
Early life and education[edit]
McFadden was born in 1964. He grew up in a Catholic family of Irish descent in Omaha, Nebraska, the eldest of five siblings.[3]
McFadden attended the University of St. Thomas in St. Paul, Minnesota, graduating magna cum laude with a Bachelor of Arts degree in economics.[4] He played varsity football for the Tommies alongside his friend and roommate Vince Flynn, the late author of the New York Times best-selling Mitch Rapp book series.[5] After college, McFadden earned a J.D. from Georgetown University.[6]
Career[edit]
Between college and law school, McFadden worked as a marketing representative for IBM.[7] After law school, he worked briefly as an attorney in New York City before deciding to move back to Minnesota.[3]
Lazard Middle Market[edit]
After moving back to the Twin Cities in the early 1990s, McFadden joined Goldsmith, Agio, Helms and Co., the investment firm that would later become Lazard Middle Market.[8] The firm had approximately a dozen employees. By 2007, the company grew to over 90 employees in five cities.[9] That year, McFadden was named co-CEO[8] and the firm was sold to Lazard.[10] McFadden's role at Lazard Middle Market was to advise privately held companies on mergers and acquisitions.[8] When asked by the Minneapolis Star Tribune to describe what Lazard Middle Market does for its clients, McFadden replied, "it's pretty simple. If you want to sell your house, you hire a Realtor. If you want to sell your business, you hire me."[8]
On May 31, 2013, Lazard Middle Market announced that McFadden had taken a leave of absence from the firm.[11]
Allen Edmonds Shoe Corporation[edit]
In 2006, McFadden represented Wisconsin-based Allen Edmonds Shoe Corporation in its sale to Goldner Hawn Johnson & Morrison. After the deal, McFadden was invited to serve on the shoe company's board of directors.[8] Allen Edmonds is in a small minority of companies that still produce most of their shoes domestically.[12] When the Great Recession hit, McFadden and the other board members stopped taking pay, and, in 2009, McFadden invested in the company to help keep it afloat.[8] The company bounced back from the recession,[13] even selling its American-made shoes in countries like China.[14]
Cristo Rey Jesuit High School[edit]
McFadden serves on Cristo Rey Jesuit High School's board of directors.[15] The school, in Minneapolis's Phillips neighborhood,[16] has made educating students from poor families its mission.[17] In 2013, 100% of Cristo Rey's graduating seniors were accepted to college or university.[18]
2014 U.S. Senate run[edit]
McFadden kicked off his campaign for U.S. Senate on May 29, 2013.[19] It was his first bid for public office.[20] McFadden faced incumbent Democratic Senator Al Franken in the general election. McFadden received endorsements from former U.S. Senators Rudy Boschwitz,[21] Norm Coleman and Rod Grams,[22] all Republicans from Minnesota. His platform included jobs, education and addressing the national debt.[23]
McFadden was critical of the Affordable Care Act, and Franken's vote to pass it.[24] His campaign released a web video featuring Franken promising that people could keep their current plans under the act, but Franken's campaign stated that the video was taken out of context.[25]
In July 2013, McFadden stated, "I'm working with a team of experts to come forward with detailed [plans] on health care. It's not enough just to say no to Obamacare. We need to provide an alternative. And we will, and we're working on that."[26]
A critic of government shutdowns, McFadden has called the tactic "draconian",[27] and criticized Franken for scheduling a celebrity-filled fundraiser during the 2013 shutdown.[28]
In his first four months as a candidate, McFadden raised over $1.5 million for his campaign.[29] In the Republican primary on August 13, McFadden won the party's nomination.[30]
McFadden's Senate campaign was unsuccessful, receiving 42.91 percent of the vote to Franken's 53.15 percent.[31]
Personal life[edit]
Mike and his wife Mary Kate live in Sunfish Lake, Minnesota, with their six children.[32] His two eldest sons, Conor and Patrick, played football for Stanford University.[33]
References[edit]
- ↑ Nick Halter (October 31, 2013). "Investment banker McFadden in tight GOP senate field, poll finds". bizjournals.com.
- ↑ Aaron Blake (May 29, 2013). "Businessman Mike McFadden to challenge Sen. Al Franken". Washington Post.
- ↑ 3.0 3.1 Profile, abcnewspapers.com, August 20, 2013.
- ↑ University of St. Thomas reference to McFadden[permanent dead link], stthomas.edu, November 28, 2011.
- ↑ McFadden ready to unseat Franken Archived 2014-01-06 at the Wayback Machine, shark-tank.net, June 15, 2013.
- ↑ McFadden profile, BusinessWire.com, January 22, 2007.
- ↑ Jake Anderson,[1], Twin Cities Business, tcbmag.com, May 30, 2013.
- ↑ 8.0 8.1 8.2 8.3 8.4 8.5 Lee Schafer, Profile, Minneapolis Star Tribune, June 23, 2007
- ↑ Carissa Wyant, Minneapolis/St. Paul Business Journal, bizjournals.com, July 10, 2013.
- ↑ [2]" Carissa Wyant, Minneapolis/St. Paul Business Journal, July 10, 2013
- ↑ Jim Hammerand, McFadden takes leave of absence, bizjournals.com, May 31, 2013
- ↑ Eric Wilson,Allen Edmonds Shoe Corporation story, nytimes.com, April 20, 2011.
- ↑ Nick Leiber, "Allen Edmonds regains its footing", businessweek.com, October 24, 2013.
- ↑ Stacey Vogel Davis, Allen Edmonds to sell shoes in Chia, Milwaukee Business Journal, bizjournals.com/milwaukee, December 6, 2011.
- ↑ "[3] Archived 2014-01-06 at the Wayback Machine" Cristo Rey, Board of Directors
- ↑ "School profile, MPRNews.org, June 10, 2011.
- ↑ Cristo Rey: Mission Archived 2014-01-06 at the Wayback Machine, cristoreytc.org; accessed November 7, 2014.
- ↑ Reg Chapman 100% of Cristo Rey students accepted to college", WCCO-TV, June 3, 2013.
- ↑ McFadden to challenge Franken, WashingtonPost.com, May 29, 2013.
- ↑ GOP businessman to challenge Al Franken for U.S. Senate seat, Associated Press, May 29, 2013.
- ↑ Mike Tanner, Boschwitz endorses McFadden Archived 2014-01-06 at the Wayback Machine, KNSIRadio.com, October 29, 2013.
- ↑ Rachel E. Stassen-Berger, McFadden endorsements, startribune.com, August 2, 2013.
- ↑ Tim Pugmire McFadden update, MPRNews.org, May 30, 2013.
- ↑ Brett Neely, GOP targets Franken on Obamacare, MPRNews.com, November 8, 2013.
- ↑ Kevin Diaz, McFadden criticizes Franken for supporting Obamacare, Minneapolis Star Tribune, November 19, 2013.
- ↑ Henry, Devin (July 15, 2013), "Mike McFadden on running against Al Franken and what type of senator he'd be", MinnPost, retrieved 2014-06-03
- ↑ T.W. Budig,McFadden criticizes government shutdowns, abcnewspapers.com, August 20, 2013.
- ↑ Paul Simon fundraiser for Al Franken during government shutdown criticized by McFadden Archived 2014-01-06 at the Wayback Machine, mikemcfadden.com (undated).
- ↑ Doug Belden,McFadden raises $1.5 million after 4 months, St. Paul Pioneer Press, October 10, 2013.
- ↑ "Statewide Results for U.S. Senator, Primary Election". Minnesota Secretary of State. Retrieved August 13, 2014.
- ↑ "Statewide Results for U.S. Senator". Minnesota Secretary of State. Retrieved December 19, 2014.
- ↑ T.W. Budig, McFadden steps away from business for U.S. Senate race against Franken, abcnewspapers.com, August 20, 2013.
- ↑ Andy Greder,"Conor McFadden's skills are pure gold", twincities.com, St. Paul Pioneer Press, December 24, 2013.
| Party political offices | ||
|---|---|---|
| Preceded by Norm Coleman |
Republican nominee for U.S. Senator from Minnesota (Class 2) 2014 |
Succeeded by Karin Housley |
This article "Mike McFadden" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Mike McFadden. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- Articles with dead external links from March 2024
- 1964 births
- American people of Irish descent
- American philanthropists
- Georgetown University Law Center alumni
- University of St. Thomas (Minnesota) alumni
- Businesspeople from Omaha, Nebraska
- People from Sunfish Lake, Minnesota
- Catholics from Minnesota
- Minnesota Republicans
- Al Franken
