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Romney to work at son's investment firm

March 7, 2013 at 10:22 AM   |   Comments

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BOSTON, March 7 (UPI) -- Mitt Romney, the 2012 Republican presidential nominee, will work at his son's investment firm, Solamere Capital, one week a month, NBC News reported.

Romney will be chairman of the executive committee at the investment firm led by his oldest son, Tagg.

At Solamere, the elder Romney will advise on matters of private equity, and isn't planning to raise capital for the firm, a person knowledgeable about the situation told NBC News.

Romney has had office space at Solamere, based in Boston, since the November election. However, he has not been officially involved in business matters.

His 2012 presidential campaign and his unsuccessful 2008 bid to be the GOP presidential nominee focused on his business background. Romney founded the private equity investment firm Bain Capital in 1984.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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