Early life and career Malone was born in
Newton, Massachusetts, and is the youngest of seven children of
Italian immigrants. His mother worked in the administration of Governor
John Volpe. He grew up in
Waltham. He graduated from
Waltham High School and attended
Phillips Andover Academy as a
post-graduate. Malone graduated from
Harvard University with a
BA in government in 1978. Malone, a standout high school football star continued his success at Harvard by winning the
Henry Lamar Award. The award is give to the athlete who demonstrates the spirit of cooperation.
Political career After graduating from Harvard in 1978, Malone worked for the
re-election campaign for
Republican Senator
Edward Brooke. In
1982 he coordinated
Ray Shamie's U.S. Senate campaign against
Democratic incumbent
Ted Kennedy.
Massachusetts Treasurer Malone was elected
Massachusetts Treasurer and Receiver-General in 1990 and was re-elected with almost 70% of the vote in 1994. Joe reduced his operating budget by 62% during his 8-year tenure. Malone took pension fund performance from among the worst in the nation to the very best. Under Malone the Massachusetts State Lottery became the most efficient in the nation. During Malone's tenure, at least $9.5 million was stolen from the treasury. Malone was never charged nor accused of wrongdoing; however, some of his aides were convicted and served jail time. In a February 2010 interview with the
Boston Globe, Joe Malone stated that "he takes 'full responsibility' for what happened, and argued that the criminal behavior of certain aides should not overshadow his record." The thefts were undetected even by outside and government audits. "I was too trusting of people" Malone said. "I was not inclined to look at people and see the bad side."
Campaign for Governor In 1998, Malone unsuccessfully challenged acting Governor
Paul Cellucci for the Republican nomination for Governor.
After gubernatorial bid Malone was Vice President of Business Development at
Jenzabar, a provider of internet software solutions for colleges in
Cambridge, Massachusetts. Internet software solutions currently serves more than 700 colleges and universities. In December 2000 Malone, along with several other investors, opened the "C.P. Nuttings" steakhouse in
Waltham, Massachusetts. The restaurant opened to great success, but like many other restaurant and tourism businesses, struggled in the recession that followed the 9/11 terrorist attacks. Several creditors and wealthy investors lost money in the venture. Malone is a co-founder of the M/D Group, a business development firm in
Scituate, Massachusetts. His co-founder in the venture is Joseph DiLorenzo, the CFO of Plymouth Rock Studios movie studio project in
Plymouth, Massachusetts. Malone is now president of The Joe Malone Group, a business development consulting firm. In March 2010, following
Scott Brown's victory in the
senate special election, Malone announced a run for the Republican nomination for Congress in
Massachusetts's 10th congressional district, whose incumbent
Bill Delahunt (D-MA) had announced he would not seek re-election. Other candidates for the Republican nomination were Bob Hayden, Raymond Kasperowicz and
Jeff Perry, who won the primary. ==References==