|Member of the Illinois Senate
from the 25th district
January 9, 2013
|Preceded by||Chris Lauzen|
|Born||James D. Oberweis
June 10, 1946
|Spouse(s)||Elaine (?-2003, div.),
|Alma mater||University of Illinois, Urbana-
University of Chicago
James D. "Jim" Oberweis (born June 10, 1946) is an American businessman, investment manager and politician. He is a member of the Illinois Senate, representing the 25th district since January 2013. He is the owner of Oberweis Dairy, in North Aurora (near Chicago). Oberweis has been a candidate for Governor of Illinois, U.S. Senator, and U.S. Representative.
- 1 Education
- 2 Career
- 3 Television
- 4 Political activity
- 5 Other accomplishments
- 6 Personal life
- 7 References
- 8 External links
After graduating from Marmion Academy in Aurora, Illinois, he attended the University of Illinois, where he joined Phi Kappa Tau fraternity. He received a B.A. from Illinois, and then an MBA from the University of Chicago.
In 1968, Oberweis became a junior high school teacher. In 1970, he changed careers and became an investment stockbroker. Within a few years, he was promoted to manager of a branch office.
In 1976, he began publication of an investment newsletter, the Oberweis Report, which reported on emerging growth companies. The Report was rated highly among investment advice newsletters. In 1978, Oberweis and his first wife, Elaine, established their own investment management company, Oberweis Securities in Aurora, Illinois. Oberweis Securities was very profitable. In 1986, Oberweis used his gains from Oberweis Securities to purchase control of his family's business, Oberweis Dairy.
After the death of his father Joe in 1984, and his successor and oldest brother John suffering an incapacitating stroke in 1986, Jim Oberweis turned day-to-day operations over to outside presidents who embarked on acquisition programs highly leveraged with debt. Elaine Oberweis (University of Chicago MBA '89) left their brokerage business in 1989 to rescue the dairy business from near-ruin.
He remained active in the investment field. In 1987, he founded Oberweis Emerging Growth Fund.
In 1989, he established Oberweis Asset Management (OAM). OAM specializes in "small-cap growth equities investing", and has individual accounts for institutional investors and a family of mutual funds for individual investors. As of the end of 2009, OAM had about $900M under management.
Oberweis moved the Oberweis Dairy from Aurora to its present location in North Aurora. He also began a chain of company-owned dairy stores, and has maintained a dairy delivery business to homes in the Chicago area. A franchise program began in 2004, to expand the dairy business outside of northeast Illinois.
Oberweis became a financial news anchor and host of the show "Catching Winners Early" on the Financial News Network. In Chicago, Oberweis became a regular guest on the Ask an Expert show. Oberweis was also a popular guest on CNBC, CNN and Bloomberg TV.
Oberweis has sought elective office six times, finally succeeding in the 2012 race for the 25th State Senate district seat. His record of losing elections has earned him the nickname of "the Milk Dud".
U.S. Senate campaigns
In 2002, Oberweis sought the Republican nomination for U.S. Senator, but lost in the primary, finishing second of three with 31%.
Oberweis ran for Senator again in 2004, but again lost in the primary, finishing second of seven with 24%.
Soon after the primary, the winner, Jack Ryan withdrew due to personal scandal. Some Republicans felt that as the second place finisher, Oberweis should replace Ryan, but the state central committee chose Alan Keyes instead. Keyes lost to Barack Obama by the largest margin for the Illinois U.S. Senate race in history.
Oberweis's 2004 campaign was notable for a television commercial in which he claimed that enough illegal immigrants enter America in a week (70,000 weekly) to fill Chicago's Soldier Field, which seats 61,500.
During his 2004 Senate campaign, Oberweis appeared in television commercials for Oberweis Dairies. The Federal Election Commission ruled that this was an improper corporate contribution to the campaign, and fined Oberweis $21,000 for violation of campaign finance law.
In 2006, Oberweis sought the Republican nomination for Governor of Illinois. (He started his campaign in April 2005.) He lost in the primary, finishing second of five with 32%. As part of his campaign, he supported amending the Illinois Constitution to define marriage as opposite-sex only. The winner of the primary was Judy Baar Topinka, who was defeated by Democrat Rod Blagojevich in the general election 49.8 to 39.3 per cent, with Rich Whitney, the Green Party candidate, receiving a little over 10.3 per cent. Some media reports indicated that Oberweis received a large absolute number and percentage of write-in votes in the November 2006 general election, and he spontaneously re-appeared in some tracking polls at 1 or 2 per cent in October of that year; this was apparently spontaneous and not officially organized. An official count of 20 607 votes (0.59 per cent) has been published and is a strong showing for an unofficial write-in candidate. Anecdotal evidence of Oberweis topping 5 per cent and/or coming in third (ahead of the Green candidate) in some precincts has circulated since the night of the election.
U.S. Representative campaigns
When U.S. Representative Dennis Hastert resigned his seat (Illinois' 14th congressional district) on November 26, 2007, Oberweis ran to replace him. Oberweis was endorsed by Hastert. He won the primary for the special election for the remainder of Hastert's unfinished term with 56%. He also won the primary for the general election for the next term, with 58%.
Illinois Republican Party State Central Committee
During the elections for the State Central Committee in March, 2010, Jim Oberweis ran and won a seat on the Illinois Republican Party's State Central Committee representing the 14th Congressional District.
In the 2012 general election, Oberweis won the 25th State Senate seat previously held by Chris Lauzen, his former GOP primary rival in the 2008 congressional race. He had announced his bid in September 2011. He defeated his Democratic opponent, Corinne Pierog, 57.5%-42.5%.
- Appropriations I
- Labor and Commerce (Minority Spokesperson)
- Subcommittee on Special Issues
- Local Government
- Subcommittee on Special Issues (Minority Spokesperson)
- Public Health
- Committee of the Whole
Oberweis is an avid chess player. He attained a USCF rating of 1900 (class A). He supported the Fox Valley Chess Club for many years. He also served as President of the Illinois Chess Association for two years, as Illinois delegate to the USCF, and as a trustee of the American Chess Foundation and the Chess Trust Fund.
- "Alumni Hall of Fame - James D. Oberweis University of Illinois at Urbana - Champaign". Retrieved February 12, 2008.
- Lea Murphy (November 14, 1994). "Making a Big Moove After Troubles, Oberweis Dairy on Expansion Trail". Crain's Chicago Business.
- Oberweis Asset Management
- Martha Leonard (2004-11-26). "Oberweis looks to enter ice cream market". Business First of Columbus.
- "He's the Milk Dud No More - Oberweis Wins State Senate Seat". CBS2 Chicago. 2012-11-06.
- Illinois State Board of Elections
- "Keyes Concedes Says Obama Stands For Evil". Indianapolis Star.
- Ford, Liam; Avila, Oscar. "Oberweis ads rile immigrant groups". Chicago Tribune.[dead link]
- CBS2 Chicago
- Pearson, Rick (November 22, 2013). "Oberweis to run for U.S. Senate seat held by Durbin". Chicago Tribune.
- "Oberweis injects potentially divisive issue into GOP primary". Crain's Chicago Business. 2006-01-23.
- "Hastert endorses Oberweis". The Courier News. 2007-12-14.
- Illinois Republican Party State Central Committee Members
- Oberweis plans to seek State Senate seat
- "United States Chess Federation". 2007-06-01. Retrieved 2007-02-12.
- "A Senate story". University of Chicago. February 2004. Retrieved September 9, 2014.
- "98th Illinois General Assembly". Retrieved 2014-03-21.
- "Family matters -- a correspondence with Jim Oberweis' daughter". Chicago Tribune. March 15, 2008. Retrieved September 9, 2014.
- Senator Jim Oberweis (R) 25th District at the 98th Illinois General Assembly
- By session: 98th
- Illinois State Senator Jim Oberweis constituency site
- Jim Oberweis for U.S. Senate
- Jim Oberweis at DMOZ
- Profile at Project Vote Smart
|Party political offices|
|Republican nominee for U.S. Senator from Illinois