|Edward Walter Conard|
|Residence||New York, New York|
|Spouse(s)||Jill A. Davis (m. May 13, 2000)|
Edward W. "Ed" Conard is an American businessman, author and scholar. He is the author of Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong, a New York Times top-ten bestseller book published in 2012. He is a visiting scholar at the American Enterprise Institute for Public Policy Research. Previously, he was a founding partner of Bain Capital, where he worked closely with his friend and colleague, former presidential candidate Mitt Romney.
Early life and education
Prior to business school, Conard worked as an automotive engineer at Ford Motor Company. After graduating, he joined Bain & Company, the Boston-based global management-consulting firm, eventually becoming a vice president and leading the firm’s industrial practice.
Conard was a founding Partner of Bain Capital, the head of Bain's New York office and the leader of its industrial practice. He joined the firm in 1993 prior to the firm raising $300 million of private equity. When Conard retired in 2007, Bain Capital managed $75 billion of capital and had offices in Boston, New York, San Francisco, London, Paris, Tokyo, Hong Kong, Shanghai, and Mumbai. His first acquisition was that of a pharmaceutical company for half a billion dollars. That same company later rose to more than $10 billion in value.
While at Bain Capital, Conard took Waters Corporation, DDI, ChipPac, Innophos, and Sensata public and sat on their boards of directors. He still sits on the board of Waters Corporation.
Writing, speaking, and scholar career
Conard published Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong in May 2012. The book was featured on the cover of the New York Times Sunday Magazine and went on to become a New York Times top ten non-fiction bestseller. Since its publication, Mr. Conard has made over 100 television appearances in which he has debated leading economists including Paul Krugman, Joe Stiglitz, Alan Krueger, Austan Goolsbee, and Jared Bernstein; journalists including Fareed Zakaria, Chris Hayes, and Andrew Ross Sorkin; and politicians such as Barney Frank, Howard Dean, and Eliot Spitzer. Conard also debated Jon Stewart for 33 minutes, one of Stewart’s longest interviews. The video of the debate has received nearly 100,000 views. He has also written op-eds for The Wall Street Journal, The Washington Post, Foreign Affairs, Harvard Business Review, Fortune, and Politico, among others.
While the New York Times predicted the book might become “the most hated book of the year,” leading economists such as Greg Mankiw, Andrei Shleifer, Steven Levitt, Nouriel Roubini, Tyler Cowen, and Glenn Hubbard publicly endorsed the book. In contrast to the New York Times, The Wall Street Journal called the book “a full throttle defense of economic dynamism…refreshing at a time when so many take the failure of capitalism for granted.” The New York Times described Unintended Consequences as “…arguing that growing income inequality shows the economy is working.” Timothy Noah, the author of The Great Divergence: America's Growing Inequality noted: “the biggest surprise, on opening Unintended Consequences, lies in discovering that this book isn't about income inequality at all.” The book analyzes why the U.S. has outperformed other high-wage economies, explains the causes the financial crisis, and makes recommendations for accelerating growth in its aftermath. Conard summarizes his book in a 23-minute video for The UP Experience.
Because of the publicity surrounding the publication of his book, Conard was the tenth most searched author on Google in 2012. Conard joined the American Enterprise Institute as a visiting fellow in 2012. His work with AEI focuses on U.S. economic policy - in particular, on the effect of taxes, government policies, and finance on risk-taking and innovation.
Conard made a $1 million U.S. dollar contribution to the super PAC promoting Mitt Romney's candidacy in the U.S. Presidential Election 2012 through W Spann LLC, a shell corporation that rendered him anonymous. He immediately came forward to quell the controversy that arose.
- "Edward Conard Visiting Scholar". American Enterprise Institute. Retrieved 30 March 2015.
- Davidson, Adam (1 May 2012). "The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy". The New York Times. Retrieved 30 January 2015.
- Bluey, Rob (28 June 2012). "Author Ed Conard Talks Bain Capital, Economics and Obama's Record". The Daily Signal. Retrieved 30 January 2015.
- "Bain Capital About History". Bain Capital Private Equity official website. Retrieved 30 March 2015.
- "Waters Corporation". Wall Street Journal. Retrieved 30 March 2015.
- "Form 10-K". SEC.gov. Retrieved 2 April 2015.
- "Form 10-K". Innophos. Retrieved 3 April 2015.
- "Form 10-K ChipPAC, Inc.". Securities and Exchange Commission. Get Filings. Retrieved 3 April 2015.
- "Form S-1 DDi Corp.". Securities and Exchange Commission. Nasdaq.com. Retrieved 3 April 2015.
- "Leadership - Board of Directors". Waters Corporation. Retrieved 30 January 2015.
- "Unintended Consequences". Penguin. Retrieved 2 April 2015.
- "Best Sellers - Hardcover Nonfiction - July 15, 2012". The New York Times. 15 July 2012. Retrieved 30 January 2015.
- "All Media Appearances". Ed Conard official website. Retrieved 29 June 2015.
- "Exclusive - Edward Conard Extended Interview Pt. 1". The Daily Show. Retrieved 30 March 2015.
- Conard, Edward (2 August 2012). "What Obama Didn't Learn From the 1990s". The Wall Street Journal. Retrieved 30 January 2015.
- Conard, Edward (30 July 2013). "We don't need more humanities majors". The Washington Post. Retrieved 30 January 2015.
- Zakaria, Fareed; Conard, Edward (June 2013). "How to Fix America". Foreign Affairs. Retrieved 30 January 2015.
- Conard, Edward (8 June 2012). "How to Get Our Savings on the Move Again". Harvard Business Review. Retrieved 30 January 2015.
- Conard, Edward (11 June 2014). "Rescuing subprime borrowers won't fix the economy". Fortune. Retrieved 30 January 2015.
- Conard, Edward (12 December 2012). "Why tax hikes fall short for cliff talks". Politico. Retrieved 30 January 2015.
- "Reviews". Edward Conard official website. Retrieved 2 April 2015.
- Carney, Brian M. (13 June 2012). "Please Don't Soak the Rich". The Wall Street Journal. Retrieved 30 January 2015.
- Noah, Timothy (29 May 2012). "Why Edward Conard Is Wrong About Income Inequality". The Huffington Post. Retrieved 30 January 2015.
- "Edward Conard". The UP Experience. Retrieved 30 January 2015.
- Boog, Jason (19 December 2012). "Charles Duhigg Tops Google's Trending Authors List for 2012". Ad Week. Retrieved 30 January 2015.
- McDuffee, Allen (18 December 2012). "Former Bain Capital partner Edward Conard joins AEI". The Washington Post. Retrieved 30 January 2015.
- Seper, Jerry (August 7, 2011). "$1 million Romney donor steps forward. Denies intent to sidestep law.". The Washington Times. Retrieved 2012-05-09.
- Hooker, Brad (September 13, 2011). "Men Linked to Corporate Donations to Pro-Romney Super PAC Have Long History of Donating to Romney". opensecrets.org. Center for Responsive Politics. Retrieved 2012-05-09.
- "Weddings; Jill Davis, Edward Conard". The New York Times. 14 May 2000. Retrieved 30 January 2015.