Just in case you love your New Balance sneakers, take a look at what your purchases are funding!
MR. FAIR AND NEWBALANCED: Jim Davis
Position Chairman of New Balance shoes
Fortune $1.8 billion (Forbes rank: 242)
Past Donations Davis is a high-roller for the Massachusetts GOP. Backed Romney’s Senate campaign against Ted Kennedy in 1994; economic adviser on Romney’s gubernatorial transition team in 2002.
Current Donations Gave $1 million to Romney’s Super PAC. The donation was so toxic for business that New Balance’s CEO raced to Facebook to dismiss it as “a private donation and not a contribution from New Balance.”
What He Wants A lucrative defense contract. Soldiers currently get a cash allowance to purchase sneakers made anywhere; New Balance has lobbied the Pentagon to buy its made-in-America shoes in bulk.
How He Lives Owns a 17,000-square-foot mansion worth $14 million in Newton, Massachusetts, and a summer estate in Gloucester.