The Politics column in the May 12 A-section incorrectly said that Republican presidential candidate Mitt Romney amassed much of his wealth at Bain & Co. and its affiliated private equity firm. While Romney worked for both companies, the equity8 firm Bain Capital is not affiliated with Bain & Co.
Romney's Wealth May Top $200 Million
Former Massachusetts governor Mitt Romney, a Republican presidential candidate, has amassed assets of between $190 million and $250 million, a campaign adviser said, but has received permission to delay filing required disclosure forms with the Federal Election Commission for 45 days past the May 15 deadline.
Romney, a Harvard Business School graduate who acquired much of his wealth as a corporate consultant at Bain & Co. and its affiliated private equity firm, also has a blind trust for his children and grandchildren valued at between $70 million and $100 million.
-- Zachary A. Goldfarb
Bid to Join Debate Rejected
John Cox is a Republican presidential candidate who just got a lot more frustrated.
Cox, a businessman and former chairman of the Cook County Republican Party, in Illinois, argues he should be allowed to join Tuesday's Fox News Channel-hosted debate in South Carolina, but a federal judge yesterday said it is not to be. The judge said the state party has a right to choose who it wants in its debates.
"When I have a chance to get the message out, people have responded to that message and recognized me as a credible candidate," Cox said. He said he should be allowed in the debate because he has spent more than several of the other top 10 candidates and brings a unique set of conservative principles to the race.
Cox acknowledges he should not be considered a front-runner but says there is no reason he should not be considered as credible as some of the long-shot candidates who are invited to the debates. He has spent some $800,000 traveling to early primary states, he said.
Cox derided the current candidates as fake conservatives who have, in Congress or in governors' offices, allowed government to grow at an unseemly rate. "There's a grass roots out there that wants the message that I'm bringing. It's the forgotten majority of the Republican electorate," Cox said.
-- Zachary A. Goldfarb
Edwards Fetes High School Grads
It's that time of year when politicians traipse through college campuses to deliver commencement addresses, but former senator John Edwards (D-N.C.) yesterday targeted a slightly younger audience: high school graduates.
Edwards was in low-income Greene County, N.C., to congratulate more than 100 high school students on the scholarships they received through a program he helped found. College for Everyone pays full tuition and board for the first year of college for any Greene County graduate who is accepted at a North Carolina public college, agrees to work 10 hours per week in college and stays out of trouble. This year, the program's second, more than 100 of the county's 179 graduates qualified for the awards, which total more than $300,000.
While the students will have to pay for their latter years, the thinking is that it's crucial to get students onto a campus, to show them college is possible.
"No one in Greene County expects us to do anything, but we've been able to break the chain," said Chikera Shackleford, 17, who will study nursing at Winston-Salem State University.
-- Alec MacGillis