Rob McCord

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Rob McCord
Rob McCord.jpg
Pennsylvania Treasurer
Former officeholder
In office
January 20, 2009 - January 30, 2015
PredecessorRobin Wiessmann (D)
Base salary$156,264
Elections and appointments
Last electionNovember 6, 2012
First electedNovember 4, 2008
Next generalNovember 8, 2016
Campaign $$8,505,110
Term limits2 terms
Bachelor'sHarvard University
Master'sWharton School, University of Pennsylvania
Date of birthMarch 5, 1959
ProfessionVenture capitalist, entrepreneur
Office website
Personal website
Campaign website
Rob McCord (born March 5, 1959) is the former Democratic Treasurer of Pennsylvania. He was first elected in 2008, and took office as the commonwealth's 45th treasurer on January 20, 2009. He won re-election on November 6, 2012.[1]

McCord resigned effective January 30, 2015, following a federal investigation into campaign finance violations. Investigators found that McCord pressured two potential contributors to his failed gubernatorial run by tying their donations to continued business with state offices. In announcing his resignation, McCord admitted that he was guilty of violating campaign finance laws.[2][3]


Prior to his election, Treasurer McCord co-founded the Eastern Technology Fund and served as co-founder and managing director of Pennsylvania Early Stage Partners, a family of venture funds that invested in early-stage life-science and information technology firms. From 1994 through 1998, McCord worked as a senior executive at Safeguard Scientifics, one of the first venture incubators of its kind, where he helped Safeguard earn an annual return on capital of more than 50 percent per year. In addition to his work as a venture capitalist, from 1996 through 2007, McCord led the Eastern Technology Council, a successful trade association that served hundreds of fast-growing and innovative companies and thousands of entrepreneurs.

Earlier in his career, McCord worked on Capitol Hill for nearly a decade, where he specialized in budget and technology issues. He also served as the CEO of the bipartisan Congressional Institute for the Future, a think tank co-founded by former U.S. Senators Al Gore and John Heinz."[4]


  • AB in economics and history, Harvard University
  • MBA, Wharton School, University of Pennsylvania

Political career

Pennsylvania Treasurer (2009 - 2015)

McCord first won election to the office in November 2008 and won re-election in November 2012. He served in the office until his resignation on January 30, 2015.

The "paramount duty" of the Pennsylvania Treasurer is to safeguard the Commonwealth's financial assets, which total more than $120 billion of public monies.[5] The office manages several programs in order to better serve the financial needs of Pennsylvanians. The Better Choice Program provides a less costly alternative to traditional payday lenders, while the 529 College Savings Program eases the burden of paying for college. The INVEST program provides flexible and secure investing for local governments and non profit organizations, offering investment pools for both long- and short-term needs.

The Treasurer has specific duties in addition to the oversight of the department:

  • serves as Chair of the Board of Finance and Revenue, which selects banks to serve as depositories for state money
  • sets interest rates paid on commonwealth deposits
  • hears and decides state tax appeals[4]



See also: Pennsylvania gubernatorial election, 2014

McCord ran for election to the office of Governor of Pennsylvania but failed to win the Democratic nomination in the primary.

In November 2012, McCord was named as a potential 2014 candidate for governor.[6] He took the first step towards entering the race on June 11, 2013, when he filed paperwork to create the "McCord for Governor" PAC in order to raise campaign contributions for the race, and officially declared on September 24, 2013.[7][3]


MCcCord lost the primary to Tom Wolf.

Governor of Pennsylvania, Democratic Primary, 2014
Candidate Vote % Votes
Green check mark transparent.pngTom Wolf 57.9% 488,917
Allyson Schwartz 17.6% 149,027
Rob McCord 16.8% 142,311
Kate McGinty 7.7% 64,754
Total Votes 845,009
Election Results via Pennsylvania Department of State.


Public Safety

McCord's campaign website outlined his stance on gun control and public safety:

Pennsylvanians should feel safe in their homes and in their communities, yet the trafficking of illegal guns, budget cuts that have decimated or eliminated municipal police forces, and ineffective programs to treat nonviolent offenders who are paroled have made our streets unsafe. Clearly, the “get tough on crime” approach has not worked. What’s more, it has led to skyrocketing costs, which are burdening taxpayers. It’s time to “get smart on crime” and to give law enforcement personnel the tools and information they need to crack down on illegal activity.

As governor, McCord will:

  • Require background checks on all guns purchased at gun shows and online.
  • Require gun owners to report lost or stolen firearms, which often end up in the hands of criminals.
  • Lobby the federal government to reinstate the federal ban on dangerous assault weapons.
  • Ensure the Pennsylvania State Police complement is fully staffed and put more troopers on patrol to keep our communities safe.
  • Reward communities that maintain their own police force rather than shift responsibility to the State Police and the costs of protection to the state.
  • Equip law enforcement agents with better technology and equipment so they can operate more efficiently and effectively and share information and data across multiple agencies to keep the focus on eliminating crime at its source.[8]


  • Pennsylvania Conference of Teamsters[9]
  • UFCW Local 1776
  • IBEW Local 5[10]


See also: Pennsylvania down ballot state executive elections, 2012

McCord won re-election in 2012. He was unopposed in the April 24 primary and defeated two challengers in the general election on November 6, 2012: Diana Irey Vaughan (R) and Patricia Fryman (L).[11]

Pennsylvania Treasurer General Election, 2012
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngRob McCord Incumbent 52.5% 2,872,344
     Republican Diana Irey Vaughan 44% 2,405,654
     Libertarian Patricia Fryman 3.5% 190,406
Total Votes 5,468,404
Election Results via Pennsylvania Department of State.



On November 4, 2008, McCord defeated Republican Tom Ellis and Libertarian Berlie Etzel to become Pennsylvania Treasurer.[12]

Pennsylvania State Treasurer, 2008
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngRob McCord 55% 3,104,242
     Republican Tom Ellis 42.9% 2,422,608
     Libertarian Berlie Etzel 2.1% 119,748
Total Votes 5,646,598


On April 22, 2008, McCord defeated three opponents to win the Democratic primary.[13]

Pennsylvania State Treasurer Democratic Primary, 2008
Candidate Vote % Votes
Green check mark transparent.pngRob McCord 43.2% 783,675
John F. Cordisco 26% 472,027
Jennifer L. Mann 24.3% 441,745
Dennis Morrison-Wesley 6.5% 118,696
Total Votes 1,816,143

Campaign donors

Comprehensive donor information for McCord is available dating back to 2008. Based on available campaign finance records, McCord raised a total of $8,505,110 during that time period. This information was last updated on July 24, 2013.[14]

Rob McCord's Campaign Contribution History
Year Office Result Contributions
2012 Pennsylvania Treasurer Won $2,053,212
2010 Pennsylvania Treasurer Not up for election $-607,610
2008 Pennsylvania Treasurer Won $7,059,508
Grand Total Raised $8,505,110


McCord won re-election to the position of Pennsylvania Treasurer in 2012. During that election cycle, McCord raised a total of $2,053,212.


Ballotpedia collects information on campaign donors for each year in which a candidate or incumbent is running for election. The following table offers a breakdown of Rob McCord's donors each year.[15] Click [show] for more information.

Recent news

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All stories may not be relevant to this state official due to the nature of the search engine.

Rob McCord News Feed

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McCord currently lives in Montgomery County with his wife, Leigh Jackson. They have two sons.

See also

External links

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Political offices
Preceded by
Robin Wiessmann (D)
Pennsylvania Treasurer
Succeeded by
Christopher Craig