WHEN: Friday, October 26 at 6:00PM ET
WHERE: "Mad Money W/Jim Cramer"
The following is the unofficial transcript of a CNBC interview with Governor Mitt Romney on CNBC's "Mad Money w/Jim Cramer" today. All references must be sourced to CNBC.
In the interview with CNBC's Jim Cramer, Governor Romney discusses the 2008 presidential election, his professional background, the state of the economy, oil prices and alternatvie energy, housing, taxes, free trade and China, among other topics.
Interview: Former Governor Mitt Romney
JIM CRAMER, host: Twenty-three years ago, I was casting about, trying to figure out what the heck to do with my life. I'd gone to Harvard Law School and couldn't make up my mind whether I wanted to be a federal prosecutor to put the bad guys away or a consultant, one of those high-powered guys who came in to fix a company or advise what to do with it, or perhaps a broker at an investment house, preferably at Goldman Sachs.
All right, ultimately, two men determined that I was headed to Goldman. Neither worked at Goldman Sachs. And more important, both are running for president this year from the Republican Party. The first man who influenced me is Rudy Giuliani. He rejected me when I applied to work in the work in the prestigious Southern District of Manhattan, the office that prosecutes the bad guys who wear white collars, the guys who do insider trading and security...(unintelligible)...violators. He wanted only people on law review, he could pick and choose.
And then there was the second man, the man I'm about to bring on, who perhaps more than any recruiter I ever met influenced me toward a new career. That man's name is Mitt Romney. He was working at Bain at the time, the top consulting company in the country. And he saw down with me. Not that he would ever remember, and grilled me about what I could bring to the Bain party. He quizzed me about going around the globe fixing companies worldwide and about how I could assess companies on returns, on equity returns on investments...(unintelligible)...the earnings stream, how earnings could be augmented. Synergy. I listened as he asked in his intense, eye-piercing way, rattling off questions like a Gatling gun, asked me perhaps the most difficult inquiries I've ever been grilled about. At the end of the meeting, I'd made up my mind. The guy was just too darn smart and demanding, too way ahead of me, too rigorous a businessman for Cramer! I was, in a word, intimidated!