May 22, 2012

Election 2012: Bennett tries for a comeback

After an eight-year hiatus from elective office, Rick Bennett is reintroducing himself to Maine voters.

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GOP Senate candidate Rick Bennett, left, talks with Rick Castonguay of Big Bear Real Estate on Main Street in Presque Isle on Friday.

Photo by Brenda Jepson

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Rick Bennett

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AGE: 48

HOME: Oxford

FAMILY: Married with two children

OCCUPATION: Chief executive officer of GMI Ratings, a Portland-based global investment research company focusing on corporate governance; director of GWI, a Biddeford-based Internet provider

EDUCATION: Bachelor's degree from Harvard University, 1986; master's in business from University of Southern Maine, 2000

POLITICAL EXPERIENCE: Maine state representative 1990-94; state senator 1996-2004; Senate president 2001-02; current Republican national committeeman; former Republican State Committee member; worked for Reagan-Bush re-election 1984; won Republican nomination for Congress in 1994, but lost general election to Democrat John Baldacci.


Do you support President Obama’s health care law? No

Do you support a balanced budget amendment? Yes

Would you support a tax increase for the wealthy? No, although willing to review tax policy

Would you vote to extend the nation’s debt limit? Not without meaningful spending reforms

Do you support legalizing gay marriage? No

Do you support legal access to abortion? Yes

What should Congress be doing to create jobs and improve the economy? Our government should not be seeking to harm businesses that play by the rules; instead, we should help them create jobs. Often the best thing the government can do is step aside. When big government colludes with big business to pick winners and losers, it is the small business job creators on Main Street who suffer. With my current firm, I have helped hold businesses accountable (for failing) to perform on returning value to their investors – including helping protect pension funds. As Maine’s Senate president and as a member of the House and Senate, I earned a very strong small-business voting record.


ECONOMIC ISSUES: Voted pro-business 80-92 percent of the time, according to Maine Economic Research Institute scorecards for 2000-2003

ENVIRONMENTAL ISSUES: Voted pro-environment 59 percent of the time, according to Maine Conservation Voters lifetime scorecard

LABOR: Bennett earned a 9 percent lifetime voting record on key labor issues, according to the Maine AFL-CIO legislative scorecard.


The Republican Liberty Caucus National Committee

Josh Tardy of Newport, former legislator

Chandler Woodcock of Farmington, Maine commissioner of Inland Fisheries and Wildlife, former legislator

Robert A.G. Monks and Millicent Monks of Cape Elizabeth

Karl Turner of Cumberland, former legislator

Kevin Shorey of Calais, former legislator

Bennett's reputation as clever and ambitious worried some Democrats. "Some of my colleagues were extremely skeptical and didn't trust him," Michaud remembered.

"There were a couple of times when it could potentially have blown up, but did not blow up," Michaud said. "I've got a lot of respect for Rick. It worked out very well."

The Senate still had its partisan arguments and party-line votes, but Bennett proved he could work across party lines, said Michaud, who still considers Bennett a friend. "Every now and then we'll go out and have dinner together," Michaud said.

The timing of Bennett's rise to leadership in the state Senate could spice up this fall's election if Bennett becomes the Republican nominee. That's because the governor he butted heads with at the time was Angus King, the independent now considered the frontrunner for Snowe's seat.

Bennett's power-sharing deal didn't mean he lost his partisan fervor.

After the 2002 election, he faced a backlash for Republican campaign mailings aimed at a Democratic representative and alluding to his British upbringing. Bennett publicly took responsibility as leader of the party and apologized to voters and both candidates.

Bennett left the Senate in 2004, but remained active in the party. He is now in his fourth year as Maine's Republican national committeeman. When he left the Senate, however, his business career heated up.

Robert A.G. Monks, a former Republican Senate candidate from Cape Elizabeth, had hired Bennett to help expand shareholder rights in American corporations. Bennett put his political skills to work reforming corporate boardrooms, sometimes by putting forward shareholder proposals and running slates of dissident candidates, he said.

Bennett eventually became chief executive officer of GMI Ratings. The Portland-based company has 42 employees in Maine and researches the world's largest corporations, warning institutional investors about red flags such as excessive compensation for executives who may not deserve it.

Bennett's business experience has added a new edge to his political speeches. He talks often about the "collusion between big government and big business," for example.

"We need to say that corporations are not people," Bennett said. "Our political system was built for people and the interests of people. The amount of money that corporations spend in government is unseemly."

Monks said Bennett has international respect in the field of corporate governance, and many times flew around the world to present reform proposals to all types of companies.

"By the next morning when Rick went in (to the board rooms), he knew all about the business. He was extremely clever and persuasive," Monks said. "I think Rick's business career is a real important asset to the people of Maine."

Staff Writer John Richardson can be contacted at 791-6324 or at:


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