August 15th, 2007
05:17 PM ET
13 years ago

Romney says stem-cell investments will change

Romney said Wednesday he will change some of his investments.

ATLANTA (CNN) - Republican presidential candidate Mitt Romney said his investments will change after the Boston Herald reported they included a stake in two companies which conduct embryonic stem cell research.

“My investments have been held in a blind trust, which means I have not directed where they invest nor do I know where they invest,” said the former Massachusetts governor during a swing through Atlanta on Wednesday. “The trustee of the blind trust has said publicly that he will endeavor to make my investments conform with my positions, and I am confident that he will.”

The newspaper reported that among Romney’s vast investments include holdings in Novo Nordisk and Millipore Corp., biomedical firms which use human embryos for disease research.

Romney, who opposes abortion and embryonic stem cell research, is said to be worth at much as $250 million according to a federal financial holdings disclosure recently made public.

Also, sure to draw the ire of his fellow Bay Staters is the disclosure that Romney’s wife, Ann, holds investments as part of a blind trust in the YES network, a broadcast company which airs the hated Yankees’ match-ups.

It was unclear whether Ann Romney’s holdings in the Bronx Bombers’ network will be reviewed. Earlier in the Atlanta event, Romney, referencing the move last season of Red Sox outfielder Johnny Damon to New York, told the Georgia crowd that “we all hate Yankees.”

- CNN Political Desk Editor Mark Norman

Filed under: Mitt Romney
soundoff (48 Responses)
  1. Bob, San Francisco, CA

    Why support scientific research when you've got God on your side, eh Mitt? The Flat Earth Society is calling for you.

    August 15, 2007 06:05 pm at 6:05 pm |
  2. CLyOns, New York, NY


    August 15, 2007 07:37 pm at 7:37 pm |
  3. xtina - chicago IL

    You're kidding, right? Let's not talk about a candidate's accomplishments that qualify them for the Presidency. People can't criticize Gov. Romney's qualifications (because he's superior to any other candidate), so you're suggesting voters stir up controversy over which BASEBALL teams the Romneys support?!

    Well, if someone makes this an issue, how about Hillary Clinton sitting on the WalMart BOD and sneering at the unions. That would make her anti-labor, would it not?

    August 15, 2007 07:46 pm at 7:46 pm |
  4. Mark Garrity, Medford, MA

    “The trustee of the blind trust has said publicly that he will endeavor to make my investments conform with my positions, and I am confident that he will.”

    I guess that means he'll be moving the cash into Chinese manufacturers of toys with lead based paint and food ingredients with melamine in it.

    August 15, 2007 07:52 pm at 7:52 pm |


    August 15, 2007 08:17 pm at 8:17 pm |
  6. David, Salinas, CA

    Hopefully Romney will also get rid of his holdings in the Sudanese oil companies which end up funding terrorism, and the predatory corporate raiders who ship American jobs overseas. It would also be great if he paid his fair share of taxes.

    August 15, 2007 08:40 pm at 8:40 pm |
  7. Evan Esteves, Boca Raton, FL

    Romney is a tool...Come on man stick to your guns about the issues. Stop trying to pander to voters who are at this moment looking for a true conservative to replace you as their choice. This is why nobody likes you Romney, you don't stand by your true beliefs, and this is why you will not be elected President. We've already elected a fraud to the White House in Bush. The American people are not going to be fooled again.

    August 15, 2007 08:45 pm at 8:45 pm |
  8. Paul, New Orleans, LA

    Amen to that.

    August 15, 2007 09:06 pm at 9:06 pm |
  9. fedupwithourgov't

    You can be sure slick Romney would be first in benefiting from stem cell research if it helped him or his family!

    He's a smooth talking, pretty boy, phoney, and I see right through him!!

    August 15, 2007 09:09 pm at 9:09 pm |
  10. Will, Oklahoma City, OK

    How disingenuous of him.

    He's just like all the other fake politicians in this thing.

    August 15, 2007 09:12 pm at 9:12 pm |
  11. xtina chicago IL

    And what about Hillary Clinton's six years on the board of directors of WalMart. Does that make her anti-union? She and Bill benefited financially from WalMart, not only from her yearly Board salary but from their ownership of stock. Is that hypocritical of her to have been so close to an anti- labor union company ?

    August 15, 2007 09:58 pm at 9:58 pm |
  12. Charles, MA

    Typical Romney shenanigans. I can't see how anyone takes this man seriously based on his utter inconsistency on any issue. The only reason he is polling well is because he is spending his incredibly large fortune on TV ads, but as people see more and more of what he truly is–a phony without personality–they will want to see much less of him, just like everyone else in Massachusetts. His second-in-command got blown out of the water in our elections because we were all just so fed up with his administration and lack of leadership.

    August 15, 2007 10:41 pm at 10:41 pm |
  13. Lance Delano, Redmond, WA

    Having assets in a blind trust is an easily verifiable fact. If it is not true, the press will find out pretty quick. Accusing people of lying without facts to back them up is pretty foolish.

    August 15, 2007 10:54 pm at 10:54 pm |
  14. Rita, Fairfield, CA

    What part of "Blind Trust" don't you understand? Why is this even news?

    August 15, 2007 11:47 pm at 11:47 pm |
  15. Nick, Eagle Mountain, Utah

    Re: Hawk

    Just another stupid liberal...

    He just freaking explained that it's a blind trust. Go look it up...

    ...and the oil investments fall under the blind trusts as well.

    August 15, 2007 11:52 pm at 11:52 pm |
  16. Steven in Charleston, SC

    I wonder why, when he was forming the blind trust in the first place, it didn't occur to Mr. Romney to say "Hey, Mr. Trustee, I would appreciate it if you would make sure that any investments you make conform to my political positions." Is it possibly because his "ideals" are less important to him than profits? Or maybe it's because he doesn't actually believe the crap he is shoveling. Either way, this story truly highlights his character - or lack thereof.

    August 16, 2007 12:12 am at 12:12 am |
  17. Lyons Steve

    Gads. Is there anyone REALLY interested in this political coward?

    Didn't mind raking in some new tech cash, didja, Meester Billionaire, before becoming publicly pious.

    August 16, 2007 12:24 am at 12:24 am |
  18. Shawnie - Grants Pass, OR

    I like how he is "sell it" instead of making up reasons why he should keep it.

    August 16, 2007 12:54 am at 12:54 am |
  19. JOE, San Luius Obispo, CA




    August 16, 2007 01:14 am at 1:14 am |
  20. John, Texas

    It's a BLIND TRUST!!! That means he is not involved in selecting the investments. Hawk, your comment is absurd on many levels.

    August 16, 2007 04:48 am at 4:48 am |
  21. Brian Hubbell II, Connecticut

    He's a professional liar just like the Clintons, and flip flops on every issue until he's on the side with the most support. His only position is 'elect me' everything else is someone else's position.

    The worst part is that only those with any kind intelligence and knowledge of current events/politics can see that the man is an obvious liar and nothing more.

    August 16, 2007 06:58 am at 6:58 am |
  22. Steve, Cleveland, Ohio

    This man perpetually flip-flops!

    August 16, 2007 08:27 am at 8:27 am |
  23. MM, CO

    Romney's fiscal hypocrisy has a "religious" base. Mormons don't approve of drinking, but they run bars; Brigham Young's bodyguard, Orrin Porter Rockwell, kept a saloon.

    They consider mining evil, so they put Italian and Greek immigrants (notoriously unconvertible) into their mines - hence the disproportionate Greek population in, for instance, Price, UT. They don't smoke, but they run smoke shops. They don't do all those nasty things the Mafia does, but they handle the accounting.

    Romney doesn't even see himself as a two-faced, lying hypocrite. He's just doing the work of His Heavenly Father, spinning the nasty straw of stem cell research into private gold he'll spend on his planet when he gets to be a god. Man, I wish I was making this stuff up!

    August 16, 2007 08:37 am at 8:37 am |
  24. Anon.

    If I am not mistaken, I think Senator Clinton also had a blind trust which invested in securities that were not consistant with her beliefs as well. Its not a Repub/Democ issue, its not even an issue. The typical mutual fund is invested in a variety of companies and industries, and are always changing said investments. To say you know every single company that you're "invested" in is like saying you know the mint date on every single penny in your piggy bank. Stocks are a different situation, as you should know the company you are invested into. Nice try Hawk.

    August 16, 2007 08:37 am at 8:37 am |
  25. Jeff Spangler, Arlington, VA

    Investor alert: buy Missouri real estate in anticipation of the Second Mormon Coming there, with fantastic development opportunities.

    August 16, 2007 08:43 am at 8:43 am |
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