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John Kerry Will Divest (Some Of) His Holdings

From the Politico:

Kerry will divest holdings to avoid conflicts

By JENNIFER EPSTEIN | January 23, 2013

Secretary of state nominee John Kerry and his wife Teresa Heinz Kerry will divest from their holdings in dozens of companies if he is confirmed to the Obama administration post, the Massachusetts senator said in a letter this month.

As Kerry prepares to go before the Senate Foreign Relations Committee — which he chairs — for his confirmation hearing on Thursday, he’s signaling that he will work to avoid conflicts of interest linked to the sizeable investments that he in companies including Suncor and Cenovus Energy Inc., both of which would benefit from the State Department’s approval of TransCanada’s Keystone XL pipeline.

The hell you say. Well, we guess that means the Keystone pipeline will get built, after all.

Kerry’s investments are in family trusts.

To avoid paying taxes. A trick he (and the Clintons) learned from the Kennedys.

Kerry, who has an estimated net worth of $193 million, said in a letter to the State Department’s Office of the Legal Adviser sent earlier this month that he plans to divest from his interests within 90 days of confirmation.

If that’s true he has lost a lot of money lately. According to Forbes 400 survey in 2004, Kerry himself was worth about $240 million. Teresa Heinz Kerry, his wife, was worth anywhere from $500 million to $1 billion more.

(For the record, Mitt Romney’s estimated net worth is $250 million – or one third to one-fifth the wealth Kerry and his wife had back in 2004.)

Kerry also has investments in potentially sensitive companies including AT&T, Goldman Sachs, Microsoft, Raytheon and Exxon Mobil.

What a telling list. Wall Street’s fattest fat cat. The biggest defense contractor. And the biggest of ‘big oil.’

His wife will divest from interests in AT&T, Comcast, and a handful of private equity and other funds.

Comcast owns NBC and MSNBC. — And what’s that? The Kerrys have investments in a handful of private equity funds? Where is the outrage?

Kerry has also agreed to recuse himself from any official business having to do with H.J. Heinz Company and its related companies.

How come he never recused himself before now? (He has been in the Senate for 28 years.) Not even when he was running for President? And, why did our watchdog media never question him about or report on his tremendous wealth or wide spread holdings?

These are all rhetorical questions, of course.

This article was posted by Steve on Thursday, January 24th, 2013. Comments are currently closed.

One Response to “John Kerry Will Divest (Some Of) His Holdings”

  1. GetBackJack says:

    Will he divest himself of Senator John Heinz’ family’s wealth he’s been living off of like a tick on a hound?

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