Treasurer wrestles with potential conflicts over family firm

The Boston Globe published the article Treasurer wrestles with potential conflicts over family firm on December 16, 2013.

State Treasurer Steven Grossman’s family marketing firm touts an impressive list of high profile clients that includes some of Boston’s biggest private sector names: the Bruins, the Celtics, J.P. Morgan Chase, and the high-powered law firm Mintz Levin.

Those organizations each have something else in common. They all have lucrative financial relationships with the state Treasury or the Massachusetts State Lottery, which Grossman oversees.

I saw the headline when the story first came out, but I didn’t get around to reading it.  Then I realized I was making decisions based on the headline rather than what was in the story.  So, I finally went back and read the story.  I am not quite sure what to make of it.  Maybe you can read it, and then tell me what the significance of this story is in regard to the political race for Governor of Massachusetts.  Steven Grossman is one of several seemingly progressive candidates in the upcoming election.

Here is an excerpt from a campaign email that I just received from Steven Grossman:

My vision for Massachusetts deals decisively with the issue of rampant economic and income inequality – the central and defining challenge we face. When we empower those citizens and communities that have been left out and left behind for far too long, we will build one Commonwealth that thrives together. It’s an ambitious vision, but it is absolutely essential to our success.


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