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Walter Mondale

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Walter Frederick "Fritz" Mondale (born January 5, 1928 in Ceylon, Minnesota) is an American politician and member of the Democratic-Farmer-Labor Party. He was the 42nd US Vice President (1977-1981) under President Jimmy Carter. He was also a two-term US Senator from Minnesota and the Democratic Party nominee for president in 1984 against the incumbent, Republican Ronald W. Reagan, who was reelected in a landslide when Mondale carried only his home state of Minnesota and the District of Columbia.

Early life

Mondale was born in Ceylon, Minnesota, the son of a Methodist minister. His half-brother was the Unitarian minister Lester Mondale. He was educated at Macalester College in St. Paul and the University of Minnesota, graduating in 1951. He then served two years at Fort Knox, in the U.S. Army during the Korean War. He graduated with a law degree from the University of Minnesota Law School in 1956 and began to practice law in Minneapolis.

Entry into politics and U.S. Senator

He managed the re-election campaign of Gov. Orville Freeman, who in return in 1960 appointed Mondale the state's attorney general. He spent two terms as attorney general. When Hubert H. Humphrey II was elected vice president in 1964, Mondale was appointed to Humphrey's seat in the Senate. Mondale was elected to the seat in 1966 and re-elected in 1972.

Mondale gained public notice for his role in the Apollo 1 investigation. He attempted to show that NASA was dangerous and a waste of taxpayer money. His ultimate goal was that this money should be directed into social services. Many people came away from the experience with the belief that Mondale was on a witch-hunt.

42nd Vice President

When Jimmy Carter won the Democratic nomination for president in 1976, he chose Mondale as his running mate. Mondale was inaugurated as vice president on 20 January 1977. He was the first vice president to reside at the official vice presidential residence, Number One Observatory Circle. Carter and Mondale were renominated at the 1980 Democratic National Convention, but lost to Ronald W. Reagan and George H. W. Bush. (See U.S. presidential election, 1976, U.S. presidential election, 1980.)

Presidential nominee of 1984

After a brief return to the practice of law, Mondale won the Democratic presidential nomination in the 1984 election. He chose U.S. Rep. Geraldine A. Ferraro of New York as his running mate, making her the first woman nominated for that position by a major party. Mondale ran a liberal campaign, supporting a nuclear freeze and the Equal Rights Amendment (ERA). He spoke against what he considered to be unfairness in Reagan's economic policies and the need to reduce federal budget deficits.

Mondale shakes hands with Ronald Reagan before a debate in 1984.

When he made his acceptance speech at the Democratic Convention, Mondale said: "Let's tell the truth. Mr. Reagan will raise taxes, and so will I. He won't tell you. I just did." Although he intended this to demonstrate that he was honest while Reagan was hypocritical, it was widely remembered as simply a campaign pledge to raise taxes, and it hurt him in the end. In 1986, Reagan did sign into law a bill that raised taxes for corporations, but at the same time cut taxes further for individual taxpayers.

In the 1984 election, Mondale was defeated in a massive landslide, winning only the District of Columbia and his home state of Minnesota, thus securing only 13 electoral votes to Reagan's 525. Mondale's defeat was the worst for any Democratic Party candidate in history, and the worst for any major-party candidate since Alf Landon's loss to Roosevelt in 1936.

Private citizen and ambassador

Following the election, Mondale returned again to private law practice, with Dorsey & Whitney in Minnesota in 1987. From 1986 to 1993, Mondale was chairman of the National Democratic Institute for International Affairs.

Under the presidency of Bill Clinton, he was ambassador to Japan from 1993 to 1996, chaired a bipartisan group to study campaign finance reform, and was Clinton's representative in Indonesia in 1998.

2002 election

Mondale talks during a debate with Norm Coleman in 2002.

In 2002, Democratic US Senator Paul Wellstone of Minnesota, who was running for re-election, died in a plane crash just 11 days before the Nov. 5 election. Mondale, at age 74, replaced Wellstone on the ballot, but narrowly lost the election to the conservative Republican opponent Norm Coleman. Upon conceding the election, Mondale said, "At the end of what will be my last campaign, I want to say to Minnesota, you always treated me well, you always listened to me". Mondale finished with 1,067,246 votes (47.34%) to Coleman's 1,116,697 (49.53%) out of 2,254,639 votes cast. Mondale set a political record of sorts as a result of this loss, becoming the only major party candidate in U.S. history to lose statewide elections in all 50 states (having won only Minnesota in the 1984 election).

Norwegian ancestry

Mondale has always maintained strong ties to his ancestral Norway. Coincidentally, when he entered the Senate in 1964 he took over the seat of vice president Hubert Humphrey, another Norwegian-American. In later years Mondale has served on the executive committee of the Peace Prize Forum, an annual conference co-sponsored by the Norwegian Nobel Institute and five Midwestern colleges of Norwegian heritage. In connection with Norway's Centennial Celebration in 2005, he chairs the committee to promote and develop cultural activities between Norway and Norwegian-American organizations. During the 1984 Presidential election he was even nicknamed "Norwegian wood", a play on the Beatles song, his ancestory and his appearance.

Mondale's 45 year old daughter, Eleanor, is a television personality, who is currently battling brain cancer.


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Mondale's 45 year old daughter, Eleanor, is a television personality, who is currently battling brain cancer. Today, PricewaterhouseCoopers brands its consulting activities through the Advisory name. During the 1984 Presidential election he was even nicknamed "Norwegian wood", a play on the Beatles song, his ancestory and his appearance. The selling of this profitable arm of the firm was a result of public pressure on all the Big Four audit firms, as it is seen to be a conflict of interest for an audit firm to be offering non-audit services to clients. In connection with Norway's Centennial Celebration in 2005, he chairs the committee to promote and develop cultural activities between Norway and Norwegian-American organizations. In August 2003, IBM revealed that the actual value of the deal was closer to $3.9 billion. In later years Mondale has served on the executive committee of the Peace Prize Forum, an annual conference co-sponsored by the Norwegian Nobel Institute and five Midwestern colleges of Norwegian heritage. In October 2002 PricewaterhouseCoopers sold PwC Consulting, its professional consulting arm, to IBM for approximately $3.5 billion in cash and stock.

Coincidentally, when he entered the Senate in 1964 he took over the seat of vice president Hubert Humphrey, another Norwegian-American. These plans were soon revised, however. Mondale has always maintained strong ties to his ancestral Norway. (See also related article on rebranding.). history to lose statewide elections in all 50 states (having won only Minnesota in the 1984 election). During 2000, rival firm Arthur Andersen had spun off its consulting activities as Accenture. Mondale set a political record of sorts as a result of this loss, becoming the only major party candidate in U.S. This unusual branding effort occurred in part as a response to one of the firm's rivals.

Mondale finished with 1,067,246 votes (47.34%) to Coleman's 1,116,697 (49.53%) out of 2,254,639 votes cast. According to a June 2002 BBC news article, the firm's CEO, Greg Brenneman described the unusual name as "a real word, concise, recognisable, global and the right fit for a company that works hard to deliver results.". Upon conceding the election, Mondale said, "At the end of what will be my last campaign, I want to say to Minnesota, you always treated me well, you always listened to me". An outside consultancy, Wolf Olins, was hired to create a brand image for the new entity, which was introduced to the public as "Monday". Mondale, at age 74, replaced Wellstone on the ballot, but narrowly lost the election to the conservative Republican opponent Norm Coleman. The firm announced in May 2002 that its consulting activities would be spun off as an independent entity. 5 election. PwC planned to capitalize one these development through either a sale to possible suitors like HP and Microsoft or to spin off the division as a separate company.

In 2002, Democratic US Senator Paul Wellstone of Minnesota, who was running for re-election, died in a plane crash just 11 days before the Nov. During the time of the dotcom era, many smaller consultancies capitalized on the tremendous wealth generated in the equity markets. Under the presidency of Bill Clinton, he was ambassador to Japan from 1993 to 1996, chaired a bipartisan group to study campaign finance reform, and was Clinton's representative in Indonesia in 1998. The Management Consulting Services (MCS) was one of fastest growing and most profitable areas of the consultancy. From 1986 to 1993, Mondale was chairman of the National Democratic Institute for International Affairs. Though the firm's core business is accountancy, it also ran a huge professional consulting branch, as did other major accountancy firms. Following the election, Mondale returned again to private law practice, with Dorsey & Whitney in Minnesota in 1987. PricewaterhouseCoopers had already decided to sell its technology consulting practice to IBM by this point.

Mondale's defeat was the worst for any Democratic Party candidate in history, and the worst for any major-party candidate since Alf Landon's loss to Roosevelt in 1936. This forced many of the Big Four to divest their interests in technology consulting. In the 1984 election, Mondale was defeated in a massive landslide, winning only the District of Columbia and his home state of Minnesota, thus securing only 13 electoral votes to Reagan's 525. One such result was the adoption of the Sarbanes-Oxley Act, which required auditor independence and separation of internal audit from general consulting. In 1986, Reagan did sign into law a bill that raised taxes for corporations, but at the same time cut taxes further for individual taxpayers. The 2002 indictment of Enron and WorldCom and the subsequent collapse of Arthur Andersen resulted in stringent SEC rules on auditor independence. I just did." Although he intended this to demonstrate that he was honest while Reagan was hypocritical, it was widely remembered as simply a campaign pledge to raise taxes, and it hurt him in the end. The following year, merger discussions between PwC and Grant Thornton failed.

He won't tell you. In 1998, Price Waterhouse and Coopers & Lybrand merged to form PricewaterhouseCoopers. Reagan will raise taxes, and so will I. Coopers & Lybrand lost a majority of its market share in the 1980s when mergers reduced the Big Eight to the Big Six. Mr. In the 1970s, Coopers & Lybrand studied ways to incorporate technology into automating the auditing process. When he made his acceptance speech at the Democratic Convention, Mondale said: "Let's tell the truth. Coopers & Lybrand was essentially an auditing firm.

He spoke against what he considered to be unfairness in Reagan's economic policies and the need to reduce federal budget deficits. & Montgomery and the Cooper Brothers. Mondale ran a liberal campaign, supporting a nuclear freeze and the Equal Rights Amendment (ERA). Coopers & Lybrand, the product of a 1957 merger between Lybrand, Ross Bros. Ferraro of New York as his running mate, making her the first woman nominated for that position by a major party. The firm benefitted from tough auditing requirements that arose from the Great Depression. Geraldine A. Price Waterhouse's offices in the United States were open in the 1890s.

Rep. By the late 1800s, Price Waterhouse had gained significant recognition as an accounting firm. He chose U.S. A few years later, he took on Edwin Waterhouse as a partner of the firm, leading to the birth of Price Waterhouse. After a brief return to the practice of law, Mondale won the Democratic presidential nomination in the 1984 election. Samuel Price, an accountant, founded the firm in London in 1850. presidential election, 1980.). PwC's other large clients include American International Group, The Home Depot, Bank of America, JP Morgan Chase, Tesco and Unilever.

presidential election, 1976, U.S. PwC also audits four of the 10 largest companies in the United Kingdom (GlaxoSmithKline, Shell, Barclays and Lloyds TSB Group). (See U.S. As of March 2005, PricewaterhouseCoopers' audit clients included four of the 10 largest public companies in the United States (Exxon Mobil Corporation, Ford Motor Company, ChevronTexaco and IBM). Bush. The firm's dominant practice is Assurance, which accounts for over 50% of PwC's revenue. W. Europe and North America account for about 82% of PwC's annual revenue, with Europe alone accounting for 45%.

Reagan and George H. According to statistics compiled by the firm from third party sources, PwC ranks in as the number 1 employer of choice among the Big 4 in student recruiting surveys from 12 countries including China, Germany, United Kingdom and the United States [2]. Carter and Mondale were renominated at the 1980 Democratic National Convention, but lost to Ronald W. PricewaterhouseCoopers is one of the top 10 companies for working mothers in 2004 according to Working Mother Media. He was the first vice president to reside at the official vice presidential residence, Number One Observatory Circle. PwC audits 37 per cent of the FTSE 100; 22 per cent of the FT Asia Pacific 100 and 43% per cent of the Fortune 1000. Mondale was inaugurated as vice president on 20 January 1977. The firm also has in-house human resource services and legal services (through its correspondent global legal firm, Landwell).

When Jimmy Carter won the Democratic nomination for president in 1976, he chose Mondale as his running mate. PwC's service lines are further divided into Consumer and Industrial Products and Service (CIPS), Financial Services (FS) and Technology, Infocomm and Entertainment (TICE). Many people came away from the experience with the belief that Mondale was on a witch-hunt. PricewaterhouseCoopers has three main service lines — Tax, Audit and Assurance and Advisory. His ultimate goal was that this money should be directed into social services. DiPiazza Jr, a 45 year old partner of the erstwhile Coopers & Lybrand. He attempted to show that NASA was dangerous and a waste of taxpayer money. The current global CEO is Samuel A.

Mondale gained public notice for his role in the Apollo 1 investigation. These 'sister' firms are governed by a global board of partners. Mondale was elected to the seat in 1966 and re-elected in 1972. The legal structure of a partnership is very different to that of a company, and as such the global firm is in fact a collection of member firms, that are run autonomously in their respective jurisdictions. Humphrey II was elected vice president in 1964, Mondale was appointed to Humphrey's seat in the Senate. . When Hubert H. PricewaterhouseCoopers is head quartered in New York City, United States.

He spent two terms as attorney general. PwC is one of the Big Four, along with KPMG, Ernst & Young and Deloitte Touche Tohmatsu, and was formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand. Orville Freeman, who in return in 1960 appointed Mondale the state's attorney general. There are over 120,000 people employed by the global partnership, in 144 countries around the world, working in four lines of service and 22 industry-specialised practices. He managed the re-election campaign of Gov. PricewaterhouseCoopers LLP (or PwC) is the largest professional services firm and the 6th largest private company in the world [1]. He graduated with a law degree from the University of Minnesota Law School in 1956 and began to practice law in Minneapolis. Sarbanes-Oxley Act.

Army during the Korean War. Big Four auditors. He then served two years at Fort Knox, in the U.S. Paul and the University of Minnesota, graduating in 1951. He was educated at Macalester College in St.

His half-brother was the Unitarian minister Lester Mondale. Mondale was born in Ceylon, Minnesota, the son of a Methodist minister. . Reagan, who was reelected in a landslide when Mondale carried only his home state of Minnesota and the District of Columbia.

He was also a two-term US Senator from Minnesota and the Democratic Party nominee for president in 1984 against the incumbent, Republican Ronald W. He was the 42nd US Vice President (1977-1981) under President Jimmy Carter. Walter Frederick "Fritz" Mondale (born January 5, 1928 in Ceylon, Minnesota) is an American politician and member of the Democratic-Farmer-Labor Party.

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