The onetime Rhode Island Democratic candidate for governor who said President Barack Obama could "shove it" shortly before November's election has a new career at an Atlanta-based finance firm.
Frank Caprio, the state's former general treasurer, was hired as a managing director at Chatham Capital, the company told The Associated Press Wednesday. The firm, which concentrates on small and middle-market businesses and also has an office in Dallas, hired Caprio in February and says he has opened up a Providence office.
Caprio was a top contender in last year's four-way race for governor, leading the field along with independent Lincoln Chafee. But the week before the election, he said President Barack Obama could "shove it" for not endorsing him, a fellow Democrat. Obama had stayed out of the race out of respect for Chafee, a political ally. Chafee went on to win, and Caprio came in third behind the Republican candidate.
Caprio's new job taps into his four years of experience as the state's general treasurer, where he chaired Rhode Island's $7 billion pension fund. Before his election as treasurer in 2006, Caprio was a lawmaker in the state's part-time General Assembly and was head of North American transactions at Cookson Group, a materials science company. He holds a bachelor's degree in economics from Harvard University and a law degree from Suffolk University School of Law.
Caprio has not given any extensive interviews since the election and hasn't said whether he's out of politics for good. His campaign account had just over $300 in it as of a campaign finance filing he made Monday with the state Board of Elections.
He was scheduled to deliver a speech Wednesday at the Milken Institute Global Conference in Los Angeles on entrepreneurial finance. According to Chatham Capital, he planned to focus on the increased availability of capital to businesses from sources other than traditional commercial banks. The conference brings together more than 4,000 leaders from government, business and elsewhere to share views.
Michelle R. Smith can be reached at http://twitter.com/MRSmithAP