Roarty: Dicks Sporting Goods CEO Ed Stack Mulling Challenge to Casey
By Keegan Gibson
Alex Roarty of the National Journal (and formerly of PoliticsPA) has an exclusive report this morning that Dicks Sporting Goods CEO Ed Stack is talking to GOP higher ups about a possible challenge to Senator Bob Casey.
While his candidacy is reportedly not serious at this time, Stack’s interest in the race is noteworthy. Almost every GOP insider and consultant the PoliticsPA has talked to about the race has said, given the GOP’s weak bench to date, that it would take a wealthy self-funder to defeat Casey.
Stack, 55, has a net worth of over $100 million, according to his bio on Forbes. He has served as CEO of Dicks Sporting Goods since 1984 when he took over for his father. In March 2010, Stack was elected to the board of directors of KeyCorp (a bank-based financial services company listed on the NYSE).
Here’s Roarty’s report:
“KEYSTONE SHOP. Ed Stack, the wealthy CEO of Dick’s Sporting Goods, has talked to several Pennsylvania GOP leaders about challenging Democratic Sen. Robert Casey next year, National Journal’s Alex Roarty reports. Jim Roddey, chairman of the Allegheny County Republican Party, was quick to emphasize that the discussions were very informal. “I don’t know how serious it is,” he said. Still, Stack’s interest is potentially significant. His wealth and business background could make him this cycle’s Ron Johnson, the Wisconsin businessman who unseated Democratic Sen. Russell Feingold last year.”