Former Florida Gov. Jeb Bush has begun to wind down his business affairs as he considers a run for president in 2016, with the Republican hoping to avoid the criticism Mitt Romney endured for his business background in 2012.
Bush is quitting Tenet Healthcare Corp., the Los Angeles Times reports, and is ending a consulting contract with Barclays Bank. He has stopped giving highly-paid speeches. Aides had signaled last week that such moves were coming, after Bush announced that he would “actively explore” a 2016 White House run.
In the 2012 presidential race, Romney drew persistent fire from Democrats for his work at the private equity firm Bain Capital.
Bush was involved in a number of major financial ventures since his time as governor ended in 2007. That year, Bush was hired as a financial advisor to Lehman Brothers, the New York firm that dealt in sour mortgages and collapsed ignominiously during the global financial crisis. He switched to Barclays after Lehman filed for bankruptcy. For both firms, he mostly consulted on macroeconomic trends and policies, a spokesman told the Times.
Bush also served on the Board of Directors of Tenet Healthcare Corp., which supported the 2010 health care reform law loathed by conservatives and saw revenues rise because of it. His role there could draw fire from Republicans in the primary campaign.
Photos: Meet America's Top 10 Political Families
The Bush family dynasty begins with Prescott S. Bush, who represented Connecticut in the Senate from 1952 to 1963. His son George H. W. Bush served as Vice President, Director of the CIA, and President from 1989 to 1993. His son George W. Bush was governor of Texas and, from 2001 to 2009, President of the United States. George W's brother Jeb served as governor of Florida and is thought to be a possible contender for the White House in 2016. Getty ImagesThen Vice President George H. W. Bush sits with his sons George W. and Jeb while vacationing in Kennebunkport, Maine, in August 1983. Cynthia Johnson—Getty ImagesJoseph P. Kennedy was a multi-millionaire, U.S. ambassador to Britain and the patriarch of a political dynasty that included his sons pictured above, Robert Kennedy (left), U.S. Attorney General, U.S. Senator and candidate for President assassinated while campaigning in 1968, and John F. Kennedy (right), President of the U.S. from 1961 until he was assassinated in office in 1963.Rolls Press/Popperfoto/Getty ImagesPictured here on Easter Sunday 1963: John F. and Jacqueline Kennedy with their two children, John Jr. (left), who would become a publisher and die in a plane crash in 1999, and Caroline (right), an attorney, writer, and U.S. Ambassador to Japan. The Kennedy clan also includes Ted Kennedy, who served in the U.S. Senate until his death in 2009, Robert Kennedy Jr., a prominent environmental activist, Joseph P. Kennedy III, who was elected to Congress in 2012, and many other prominent Americans.MPI/Getty ImagesThe Clintons started their political dynasty in Arkansas in 1976, when Bill was elected Attorney General. He went on to win the governors seat and, in 1992, the Presidency. After leaving the White House, Hillary served as a Senator from New York and Secretary of State. She's widely expected to make her own White House bid in 2016. Brooks Kraft—CorbisBorn in 1980, Bill and Hillary's daughter Chelsea is married to investment banker Marc Mezvinsky, the son of two former members of Congress. On September 27, 2014, they added another member to the Clinton dynasty: their daughter, Charlotte Clinton MezvinskyFilmMagic/Getty ImagesAs a libertarian-minded Republican in congress for decades, Rep. Ron Paul (right) became the defacto leader of the libertarian movement in the U.S. His son Rand Paul (left) is now trying to take on that mantle as a Senator from Kentucky and likely presidential hopeful. Ed Reinke—APU.S. Sen. Rand Paul talks to his father Rep. Ron Paul during a news conference June 22, 2011 on Capitol Hill in Washington, DC. Alex Wong—Getty ImagesDick Cheney (right) has served as a congressman, White House aide, Secretary of Defense and unusually powerful Vice President, but he's not the only political force in the family. His daughter Liz Cheney (left) is a conservative commentator and activist who ran unsuccessfully for Senate in 2014. AP (2)Cheney's daughters Liz (left) and Mary (right), pictured here at home in Wyoming in 1978, had a highly public row later in life, when Mary, who is gay, called out Liz for refusing to support same-sex marriage.David Hume Kennerly—Getty ImagesBoth George Romney and his son Mitt rose to national political prominence but neither held the top job. The elder Romney, who served as Governor of Michigan, ran unsuccessfully for the GOP nomination in 1968. Mitt Romney served as Governor of Massachusetts and secured the Republican presidential nomination in 2012. He was defeated in the general election. Getty Images; CorbisGeorge Romney announced his intention to run for governor of Michigan, with his son Mitt and his wife Lenore by his side, on February 10, 1962. RDA/Getty ImagesDescended from Mormon pioneers, the Udall family have held high political positions from states across the American West. To cite one of many examples, Stewart Udall served as Secretary of the Department of Interior under President Lyndon Johnson. Today, his son Tom Udall (right) represents New Mexico in the U.S. Senate, and his nephew Mark Udall (left) represents Colorado in the same body.CQ-Roll Call/Getty Images (2)The large Udall clan also includes local officials, congressmen and state legislators. APThe Taft family includes prominent Americans extending back to the colonial era. William Howard Taft (left) was President from 1909 to 1913 and later appointed Chief Justice of the Supreme Court. His son Robert A. Taft (right) wielded extraordinary power and influence as a member of the U.S. Senate, where he served until his death in 1953. Getty Images (2)Theodore Roosevelt first become president after the assassination of President McKinley in 1901 and served until 1909. Franklin Roosevelt was a great admirer of his fifth cousin Theodore, and became President himself, serving from 1933 to 1945, the longest consecutive administration in America’s history. Getty Images (2)America’s original political dynasty, the Adams family had a hand in some of the most consequential events in the country’s history. John Adams was a member of the Continental Congress, a signatory to the Declaration of Independence, and served as America’s first President from 1797 to 1801. John Quincy Adams became the first son of a President to become President, serving from 1825 to 1829. National Archives/Getty Images (2)
