Saturday, 28 February 2015
Last updated 1 day ago
Jun 26 2013 | 11:08am ET
Former private-equity executive Gabriel Gomez came up short in his bid to become the next U.S. Senator from Massachusetts yesterday.
Gomez, who worked at Boston-based Advent International until this past March, had hoped to repeat a 2010 coup, when Republican Scott Brown won the seat of the late Sen. Ted Kennedy in a special election in heavily Democratic Massachusetts. Instead, however, the former seat of U.S. Secretary of State John Kerry will go to Rep. Ed Markey, a 20-term congressman.
Markey received 55% of the vote to Gomez's 45% in an election marked by low turnout and little public interest.
"Sometimes you face overpowering force," Gomez, a former Navy SEAL, said in his concession speech. "I mean, we were massively overspent. We went up against literally the whole national Democratic Party and all its allies." He then added, "I offer absolutely no excuse for coming up short."
"I'm proud to be an American, and tonight, even in defeat, I've never been prouder to be a citizen of the Commonwealth of Massachusetts."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…