Linda McMahon Stunned Over Senate Loss, Comments On Spending $97 Million, What Vince Told Her To Make Her Feel Better

Bloomberg Businessweek has a new Q&A online with Linda McMahon. Below is an excerpt:

When did you realize you’d lost the race?
I was sitting by myself, actually. I had just taken a moment to go upstairs and get my thoughts together on what I was still hoping would be a victory speech. I was just sitting there, going over my speech—clearly you have a concession speech as well, but you’re hoping that’s not the one you use. I wasn’t paying that much attention to the TV. This was about 40 minutes after the polls closed. Then I looked up and saw a check mark next to Chris Murphy’s name on ABC. I barely caught it out of the corner of my eye. I just thought, “Wow.” I was stunned for a moment. I sat there for a few minutes on my own, reflecting on what the race had been. I thought about the thousands of people who not only had touched me but whom I had touched as well. All the notes, “Thank you for running. Thank you for showing me that it’s worth putting everything on the line,” and things like that.

A lot has been made of $97 million you’ve spent in these races. How do you think that’s been portrayed?
The way it’s framed is that I’m trying to buy the election for my own personal gain. What would be my personal gain? I’m not looking for a new career. I’ve had a wonderful career. I was hoping to bring a different voice and perspective and use my skills that have been honed as a CEO in bringing people together. I’ve had a little bit of fame and fortune. I’ve been in the public eye. I wasn’t looking for a hobby. If I were looking for a hobby, it wouldn’t be the United States Senate. That’s one of the toughest jobs I’d probably ever do. I just felt there wasn’t enough compromise going on: People were too far to the left, too far to the right, with no one trying to build a compromise. I understand the attention. Look, it’s an incredible amount of money to spend on a campaign.

Are you glad you ran?
[My husband] Vince told me a story the day after the election. Some guy from WWE had no power [from the storm] so he’d taken his wife and daughter to the Hilton on Tuesday night. They walked into the hotel as I was getting ready to give my concession speech, so they stayed to watch it. His daughter, I think she was 9, stood there as I was giving my speech. This little girl came up when I was in the receiving line and apparently there was some question about the campaign. I touched my heart and touched her heart and said, “Just remember to do things from your heart,” and then I pointed to my head to say, “as well as your head.” He told Vince that was something she would never forget. I don’t know her face. I don’t know him. But it means a lot to know I’ve left an impact on people like that little girl. Everyone needs to feel they can make a difference.

What’s next for you?
One thing I’ll continue to do is our philanthropic work. I’m not really focused right now on what happens next. I don’t really anticipate running for public office again. I think I’ve given that a really good, strong shot. At this moment, it’s not a consideration. Things can always change but it’s not something I anticipate right now.

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  • Gene

    People are upset because she spent $97 million on two campaigns. Isn't that a good thing? Isn't that $97 million that helped drive the Connecticut economy? Isn't that $97 million that would not have been spent if she had not run in the first place? Didn't that $97 million help pay peoples salaries and such?

    If someone has $97 million to spend then shut up and let them spend it because it's helping others out.

    • jdl

      It's $97,000,000 that she threw away, essentially. There are better things she could have done with it, as the core goal of using it was to further her own pursuit of power. The slight economic boost doesn't really make a difference when that money could have been donated to a myriad of charities and done far more good than she would ever have done in the US senate.

      • Frenchfry

        If I were a struggling member of the CT society, then Id be glad for what she did. So we are criticizing her for not giving money to Africa or something? At least its not all sitting in her bank collecting interest

    • Mrsnaps

      To a degree it does help, but there would certainly be more effective ways to stimulate or grow an economy with 97 million dollars. Most of that money is spent on advertising, but unlike normal advertising that would be done in the hopes of getting people to buy a product, there is no product for sale. This money goes to the advertising company, yes, and that is good for the economy, but commercials that are intended to sell a product are generally better for the economy, because not only is an advertising company making a profit, it will encourage people to go out and spend more money which would drive the economy further.

      Most of the footwork in campaigns is done by unpaid volunteers. Phone calls, door to door campaigning, and e-mails are generally done by unpaid volunteers. One could argue that this is bad for the economy, because it is time that people are spending doing work, but not getting paid for it, which is not as good for the economy as it would be if they were working regular jobs.

      All in all people frown at such amounts being spent on campaigns because it rings of trying to "buy an election" – to spend so much money that the merit of the candidate is not as important as the sheer amount of advertising associated with them. It strikes a nerve with many people, I'm torn about how I feel about it, but 97 million is small potatoes compared to what is spend on Presidential elections, anyway.

  • Sweetonion

    97 million she will have bought out tna and roh

    • Richard Gray

      x10

      • diddy

        X 1000000

      • Kyle

        Really? So it would only cost about 10 million to buy TNA??? Wow!

  • ou812

    I’m not sure why Linda McMahon lost the senate race but I can bet you Vince McMahon and Earl Hebner had something to do with it. Vince didn’t screw Linda, Linda screwed Linda!

    • jmedtp

      Funniest thing I've seen all day.

    • Bishop

      X-D

  • ted

    tna is not even worth 10 milliopn dollars and neither is roh.

    linda has the right to spend her money as she sees fit and the same goes for her husband, vince.

    wrestling fans need to use their brain cells and see that the mcmahons have conquered the rassling world and have other interests to pursue in their senior years.

  • Ant

    "clearly you have a concession speech as well."
    Romney did not have a concession speech haha.

    Living in CT she had no plan. Every advert she ran was just a smear. Yes I know they all do that but they also sometimes say plans. She said she had a six point plan to make jobs but that was it. Never said anything about how. She also cited that she made jobs with WWE but that was it. The only appearances she really made were the debates.She refused to do any interviews or anything like that. My local news paper was running negative articles about her every other day if not every day. She did how ever say she would have made cuts to education but that was about it.

  • Van

    I bet Vince was crying because he put all that money into her campaign,did all the things like make his company PG to make it look "family friendly" and take all of the attitude era stuff off the WWE website along with try to get as much of it off the rest of internet as much as he could so it would help her campaign only for her to lose in the end.