Robert Maginn

Last updated
Chai Ling
​
(m. 2001)​
Robert Maginn
Chair of the Massachusetts Republican Party
In office
2011–2013
Children3
Education University of Dayton (BS)
Harvard University (MDiv, MBA, ALM)

Robert A. Maginn Jr. (born October 31, 1956) [1] is an American businessman and political figure who served as the chairman of the Massachusetts Republican Party from 2011 to 2013.

Contents

Education

Maginn graduated summa cum laude from the University of Dayton with a B.S. in business administration and received three graduate degrees from Harvard University, including a Master of Divinity (MDiv) from Harvard Divinity School, Master of Business Administration (MBA) with honors from Harvard Business School and Master of Liberal Arts (ALM) in government from Harvard Extension School. [2]

Career

Business

From 1983 to 2000, Maginn worked for Bain & Company as a management consultant and later as a senior partner, board member, and director. [1] [3] [4] [5] From 1997-2001, he was a director of iBasis. [4] In 1998, he co-founded Jenzabar, an internet company that provides software to colleges and universities, as chairman of the Board of Directors and CEO. [5] Maginn is an operating partner at Energy Impact Partners, and a fellow at Harvard University Advanced Leadership Initiative.

From 2006 to 2010, he was a non-executive director, chairman of the Nominating & Corporate Governance Committee, member of the Audit Committee and member of Compensation Committee at ICx Technologies. He was also chairman of New Media Japan and managing member of New Media Investors, LLC. [4]

Politics

Maginn served as a member of the Republican Board of Governors and on Bob Dole, Mitt Romney, and Peter Torkildsen's finance committees. [1] In 1998, Maginn was the Republican nominee for Treasurer and Receiver-General of Massachusetts. He lost to Democrat Shannon O'Brien 626,286 votes to 1,120,757. [6]

On December 1, 2011, Maginn was elected Chairman of the Massachusetts Republican Party. He defeated former United States Attorney Frank L. McNamara Jr. 51 votes to 21. [7] Maginn announced that he would not seek reelection as party chairman in 2013 following the defeat of Republican Presidential candidate W. Mitt Romney his former boss and friend. [8]

In June 2017, three investors of New Media Investors II-B LLC filed a suit against Maginn, accusing him of breaching his fiduciary duty by failing to ensure the exercise of Jenzabar stock warrants. [9] In March 2022, Maginn was found liable and was revealed to have reaped nearly $81 million in profits from stock warrants intended for investors. [10] In November 2022, he was ordered by the Delaware Court of Chancery to pay $25.5 million in damages to investors from whom he had usurped the opportunity to buy stock in the company. [11]

Personal life

His father, Robert A. Maginn, Sr. is a chemical engineer and was the president of Midwestern Consolidated Enterprises Inc., a plastics manufacturer located in Dayton, Ohio. His mother, Valerie Maginn, was the company's vice president. [3]

Maginn married his first wife in 1987. [3] In 2001, Maginn married Chai Ling, one of the student leaders of the Tian'anmen Square protests of 1989 and the founder of All Girls Allowed, a humanitarian organization that aims to stop the human rights violations related to China's One-Child Policy. [12] They have three daughters and reside in Belmont, Massachusetts. [13]

Related Research Articles

<span class="mw-page-title-main">Mitt Romney</span> American politician and businessman (born 1947)

Willard Mitt Romney is an American politician, businessman, and lawyer who has served as the junior United States senator from Utah since 2019. He served as the 70th governor of Massachusetts from 2003 to 2007 and was the Republican Party's nominee for president of the United States in the 2012 election, losing to Barack Obama.

<span class="mw-page-title-main">Bob Ehrlich</span> Governor of Maryland from 2003 to 2007 (born 1957)

Robert Leroy Ehrlich Jr. is an American lawyer and politician who served as the 60th governor of Maryland from 2003 to 2007. A Republican, Ehrlich represented Maryland's 10th legislative district in the House of Delegates from 1987 to 1995 and Maryland's 2nd Congressional district in the U.S. House of Representatives from 1995 to 2003.

<span class="mw-page-title-main">Bill Weld</span> 68th Governor of Massachusetts

William Floyd Weld is an American attorney, businessman, author, and politician who served as the 68th Governor of Massachusetts from 1991 to 1997. A Harvard and Oxford graduate, Weld began his career as legal counsel to the United States House Committee on the Judiciary before becoming the United States Attorney for the District of Massachusetts and later, the United States Assistant Attorney General for the Criminal Division. He worked on a series of high-profile public corruption cases and later resigned in protest of an ethics scandal and associated investigations into Attorney General Edwin Meese.

Bain Capital, LP is an American private investment firm based in Boston, Massachusetts. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2022, the firm managed approximately $165 billion of investor capital. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

<span class="mw-page-title-main">Paul G. Kirk</span> American politician (born 1938)

Paul Grattan Kirk Jr. is an American lawyer and politician who served as a United States Senator from Massachusetts from 2009 to 2010, having been appointed to fill the vacancy created by the death of Ted Kennedy. From 1985 to 1989, he chaired the Democratic National Committee (DNC).

<span class="mw-page-title-main">Romney family</span> American family prominent in politics, business, and The Church of Jesus Christ of Latter-day Saints

The Romney family is prominent in U.S. politics. Its family members include George W. Romney (1907–1995), the 43rd Governor of Michigan (1963–1969), and his son, Mitt Romney, who was the 70th Governor of Massachusetts (2003–2007), the 2012 Republican U.S. Presidential nominee, and is currently a U.S. Senator for Utah. George W. Romney's father was Gaskell Romney (1871–1955), and his mother was Anna Amelia Pratt (1876–1926). Anna's grandfather was the renowned early Latter-day Saint apostle Parley Parker Pratt.

<span class="mw-page-title-main">Benjamin Ginsberg (lawyer)</span> American lawyer

Benjamin Langer Ginsberg is an American lawyer. He is most well known for his work representing the Republican Party and its political campaigns, candidates, members of Congress and state legislatures and governors, as well as corporations, trade associations, businesses, and individuals participating in the political process.

<span class="mw-page-title-main">2002 Massachusetts gubernatorial election</span> Election

The 2002 Massachusetts gubernatorial election was held on November 5, 2002. Incumbent Republican acting governor Jane Swift chose not to seek a full term in office. Republican businessman Mitt Romney defeated Democratic Treasurer Shannon O'Brien.

<span class="mw-page-title-main">Kerry Healey</span> American politician

Kerry Murphy Healey is an American politician and educator serving as President Emerita of Babson College. She previously served as the 70th lieutenant governor of Massachusetts from 2003 to 2007 under Governor Mitt Romney. A former member of the Republican Party, she was the party's nominee for Governor of Massachusetts in the 2006 gubernatorial election, but was defeated by Deval Patrick.

Ropes & Gray LLP is a global law firm with 13 offices located in the United States, Asia and Europe. The firm has more than 1,500 lawyers and professionals worldwide; its clients include corporations and financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston by John Codman Ropes and John Chipman Gray.

<span class="mw-page-title-main">Mitt Romney 2008 presidential campaign</span> US presidential campaign

The Mitt Romney presidential campaign of 2008 began on January 3, 2007, two days before Mitt Romney left office as governor of Massachusetts, when he filed to form an exploratory committee with the Federal Election Commission to run for President of the United States as a Republican in the 2008 election. Subsequently, on February 13, 2007, he formally announced his candidacy for the Republican nomination for president in 2008. He did so at the Henry Ford Museum and Greenfield Village in Dearborn, Michigan, as an emblem of American ingenuity.

The following is a timeline of major events leading up to the United States presidential election of 2012. The election was the 57th quadrennial United States presidential election and was held on November 6, 2012.

<span class="mw-page-title-main">Curtis Loftis</span> American politician

Curtis M. Loftis Jr. is an American politician, businessman and philanthropist. He currently serves as the Treasurer of South Carolina. A member of the Republican Party, Loftis has held elective office since 2010.

<span class="mw-page-title-main">Darrell Crate</span>

Darrell W. Crate is an American investor, private equity manager, and philanthropist. He is the CEO of Easterly Government Properties, Inc., a New York Stock Exchange-listed company that he co-founded in 2015. He is also the founder and managing principal of Easterly Asset Management, a multi-affiliate platform of high-performing boutique investment managers.

Francis Luke McNamara Jr. is an American attorney who served as the United States Attorney for the District of Massachusetts from 1987 to 1989.

<span class="mw-page-title-main">2012 Florida Republican presidential primary</span>

The 2012 Florida Republican presidential primary was held on January 31, 2012. Fifty delegates were at stake, none of them RNC delegates; it is unclear whether these delegates will be allocated proportionally or winner-take-all. Originally awarded 99 delegates, the Republican National Committee removed half of Florida's delegates because the state committee moved its Republican primary before March 6; the Republican National Committee rules also set the delegate allocation to be proportional because the contest was held before April 1. It is a closed primary. There were 4,063,853 registered Republican voters as of January 3, 2012.

<span class="mw-page-title-main">Tagg Romney</span> American businessman (born 1970)

Taggart Mitt Romney is an American management consultant, businessman, venture capitalist and political advisor. He is the eldest son of businessman and U.S. Senator Mitt Romney.

<span class="mw-page-title-main">John Kingston III</span>

John Kingston III is an American attorney, investor, and political activist based in Boston. He is the founder and president of the non-profit organization Better for America. He also co-founded the non-profit organizations SixSeeds, Sword & Spoon Foundation, and Sword & Spoon Workshop. He was an executive producer for the 2014 documentary Mitt, which premiered at the Sundance Film Festival in January 2014.

References

  1. 1 2 3 "Massachusetts Treasurer". Boston Globe. December 31, 2003. Retrieved December 1, 2011.
  2. ↑ "Notable Alumni: Harvard Extension Alumni Association: Harvard Extension School". www.extension.harvard.edu. Archived from the original on 5 July 2010. Retrieved 22 February 2022.
  3. 1 2 3 "Stacy B. Vladimer Married to Robert A. Maginn Jr". The New York Times. July 5, 1987. Retrieved 1 December 2011.
  4. 1 2 3 "Executive Profile: Robert A. Maginn Jr". Bloomberg Businessweek. Bloomberg L.P. Retrieved December 1, 2011.[ dead link ]
  5. 1 2 "Executive Management Team". Jenzabar. Jenzabar, Inc. Archived from the original on 24 November 2011. Retrieved 1 December 2011.
  6. ↑ Massachusetts Election Statistics 1998. 1998.
  7. ↑ Johnson, Glen. "Robert Maginn elected chairman of the Mass. Republican Party". The Boston Globe. Retrieved December 1, 2011.
  8. ↑ Norton, Michael (December 5, 2012). "Robert Maginn won't seek reelection as chair of Massachusetts Republican Party". MassLive.com. Retrieved December 20, 2012.
  9. ↑ "Deane v. Maginn, No. 2017-0346-LWW | Casetext Search + Citator". casetext.com. Retrieved 2024-04-01.
  10. ↑ "Software Exec to Pay $25 Million Over Stock Warrant Diversion". news.bloomberglaw.com. Retrieved 2024-04-01.
  11. ↑ "Jenzabar Investors Awarded $26M In Stock Rights Lapse Suit - Law360". www.law360.com. Retrieved 2024-04-01.
  12. ↑ Lyons, Daniel (February 17, 2003). "Great Story, Bad Business". Forbes.com. Retrieved December 1, 2011.
  13. ↑ "Robert A. Maginn: A learning environment". Boston Business Journal. March 16, 2009. Retrieved December 1, 2011.
Party political offices
Preceded by Chairman of the Massachusetts Republican Party
2011–2013		Succeeded by
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.