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Schneider Colleagues Discuss Business Record

Democratic challenger to Rep. Robert Dold (R-Kenilworth) turned around a family business.

When Robert Dold (R-Kenilworth) ran for the House of Representatives two years ago, he presented his experience as President of his Rose Pest Control as a reason voters should send him to Congress.

Deerfield management consultant as a reason the citizens of the 10th Congressional District should now send him to Washington instead.

Earlier: Party Leaders Weigh in on 10th District Attack Ads

Now independent expenditure groups wanting to assure Dold’s reelection and to some degree the North Shore Congressman himself are questioning Schneider’s business success. They base their criticism on Schneider’s refusal to release his federal income tax returns and information found in a disclosure statement he was required to file with the House of Representatives.

Those disclosure statements do show the Schneider family to be multimillionaires with investment income ranging from $200,000 to $550,000 a year.

Though the Schneider has chosen not to release his tax return because he does believes his wife, Julie Dann, is entitled to privacy and does not want to make her earnings public. “She is not running for Congress,” Schneider said. Dann is a managing director at Mesirow Financial.

The Schneider campaign was unwilling to give Patch much specific financial information about the candidate’s business success. It would only say he took over the Davis Dann Insurance Company in 1997 and turned it into a multimillion dollar business by the time he sold his interest in 2003, according to McCabe.

People familiar with Schneider’s work at Davis Dann also speak of his managerial skill. Marv Rotstein, now a senior managing director at Mesirow, tells how his former colleague came into the company knowing little about the life insurance business and made it a success.

“He reorganized the business and made it profitable,” Rotstein said. “He managed half a dozen people and sold a lot of life insurance even though it was new to him.

After Schneider sold his interest in Davis and Dann, he joined the strategic services department of Blackman Kallick returning to his business roots of helping primarily family held businesses transition from one generation to the next or move to a management model which was not completely family based.

“He could really bring people together and pull ideas out of them,” Barry Cain, who recruited Schneider into Blackman Kallick, said. “He had a classic head for business. He really helped grow this area (of the company).”

Working as a team, Cain and Schneider were responsible for bringing between $800,000 and $1 million of revenue into Blackman Kallick annually in the six-year period Schneider worked there.

Like Schneider, Dold was steeped in a family business culture before becoming a member of Congress. He has talks often about running an operation with approximately 100 employees and considers it an integral part of his resume.

“His background as a small businessman speaks to his understanding of what fiscal, tax, and regulatory policies are necessary to help create jobs and expand the economy,” spokesperson John McGovern said.

The Dold campaign was also unwilling to release specific information on earnings or job growth during Dold's time at the helm of the company. As a privately held concern it has no obligation to do so. 

RationalTht November 02, 2012 at 02:05 PM
Everyone "prospered" during the Clinton years because of the Internet bubble and the fact that people were using their homes as a piggy bank, refinancing out and living off of the "increased" equity.
Deerfield Resident November 02, 2012 at 08:15 PM
Harry....your'e not the Harry Steindler from deerfield, partner in a law firm? Hmmmm.... But you are a small business owner with 40 employees too (like me) and don't look at the short term in a bad economy? Hmmmm...... Also, what's with the tax crap again.....I pay my 30% + or - do you pay your 30%? How much do you want people to keep giving. Again, if and WHEN I make 1M a year and I pay $300,000 in taxes ..DON'T YOU THINK I'VE PAID ENOUGH????? You sound like a typical liberal, probably living very comfortably, but have such guilt?????? that you have to criticize those LIKE YOU who are sucessful just to look good. How's the law firm?
Deerfield Resident November 02, 2012 at 09:01 PM
Harry... (I just can't help myself question a liberal when I have one on the other end) ....so maybe you are a small business owner and you have an employee who doesn't pull their weight and after repeated talks he/she doesn't get it. Do you keep them on because you feel "life is stacked against them" or do you fire them for the good of your company? This is what I'm talking about with our scoiety and the liberal views in general. Sure we MUST take care of those who truly need help but the rest...those who constantly have their hand out, refuse to get jobs or think obamas "change" means they're on easy street need to receive no more help what-so-ever. You liberals just don't see that.....
Harry Steindler November 03, 2012 at 05:11 AM
DF - what percentage of the federal budget do you believe goes towards the types of programs you are talking about (whatever they may be) and of that, how much do you think goes to the lazy cheaters who you are pointing to? Who are these lazy cheaters? Should we cut everyone out because of a few bad apples? By the way - it seems that you know me - you ought to know I'm a CPA then, not an attorney or social worker. I have a pretty good job so I guess I'm comfortable - because I have children with special needs I have benefited from federal and state tax dollars supporting special needs education. Between seeing children and young adults with special needs and doing work for social welfare organizations, I know there are plenty of people who would have no chance of surviving, forget thriving, without taxes supporting these people and services.Add an aging population and the need for social service spending will continue to grow. Those of us who are "comfortable" need to keep sharing to help those who have not yet reached that point and to help those that have no chance of getting there. I realize many people donate time and money to help - but that's not nearly enough. Some of the taxes we pay go to help those that need that help - that not only gives these people a chance - it also makes the United States and all of us better. And no, my partners and I never just look at the short term - that wouldn't be fair to our staff. our clients, or society in general.
Harry Steindler November 03, 2012 at 05:13 AM
By the way - I don't believe that Romney has any concept of how the tax system affects people. His "plan" to cut marginal rates and limit itemized deductions will not have nearly the positive affect he is expecting on lower income workers. The huge bulk of tax paid by lower earners consists of regressive taxes such as sales tax, state income taxes, utilities taxes, gas tax, social security and Medicare, real estate taxes, etc – not income taxes. His tax plan will lead to a large reduction in income taxes for a vast number of higher earners though. The theory that lower taxes for higher earners will flow down to the rest has not come to fruition over the past decade of incredibly low income tax, dividend and capital gains tax rates. Fortune 500 companies had record earnings in 2011and many small companies are experiencing high profits yet job growth is slow. Companies have found that they can make it with fewer workers due to productivity gains and the willingness of workers to work more hours. They’re not interested in hiring – despite very generous depreciation laws, job credit opportunities and the aforementioned already low tax rates.

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