In Memoriam: ACCF Board of Advisors Member Fred Malek

Fred Malek, a member of the American Council for Capital Formation Board of Advisors, passed away on March 24. Please see some thoughts from ACCF President and CEO Mark Bloomfield:

“Fred Malek made a difference for the better for our country, our politics, and our economy.  He did so as an entrepreneur and businessman, an advisor to four U.S. presidents, a mentor to so many in the Republican Party, and as a philanthropist to many diverse concerns and organizations.

“Over a span of almost four decades, Fred made a difference in my life, as a young college graduate, as a participant in the turmoil of American politics, and as the president of a business organization promoting pro-growth economic policy. Fred was my mentor and friend. He taught me the importance of character and integrity, entrepreneurship in public policy and an infallible belief in the beauty and merit of a free market for the betterment of all.

“Teddy Roosevelt probably had men like Fred in mind when he wrote from La Sorbonne in Paris on April 23 1910: ’It is not the critic who counts, rather it is the man who is actually in the arena, who if he fails, at least fails while daring greatly so that his place will never be with those cold and timid souls who knew neither victory not defeat.’”

“Fred will be sorely missed, but never forgotten because he was in the arena.”

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For more than four decades, American Council for Capital Formation President and CEO Mark Bloomfield has been a prominent voice in the media on current political and economic issues. On any given day, he may be interviewed on Fox Business Network at sunrise, and again as the market closes on CNBC. CNN noted, he is “well-schooled in the arts of both economics and politics and is one of the most influential figures operating behind the scenes in Congress.” Mark is a frequent contributor to The Wall Street Journal, where he was the subject of The Weekend Interview and whose editorial board nicknamed him “Mr. Capital Gains.” Mark regularly contributes to Fortune and The Hill, Capitol Hill’s leading newspaper.