Reply #9: OH: Blackwell has Diebold Stocks in Blind Trust – Remember Taft?

[autorank]

So Diebold stock sucks, a “new manager” takes over the Blackwell account at Credit Suisse, and, well, buys Diebold stock for Blackwell. It sounds like $6-7k but so what. How in the world can this guy own Diebold stock. What a joke.

Gubernatorial candidates discuss their investments
BY JOHN MCCARTHY | THE ASSOCIATED PRESS
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20060405/NEWS01/604050385/1056
COLUMBUS

The issue came to light Monday when Blackwell, Ohio's chief elections officer, said that without his knowledge, the investment house Credit Suisse First Boston bought for his account 178 shares of stock in Diebold Inc., the North Canton company that makes the electronic voting machines that will be used in half of Ohio's 88 counties May 2.

Blackwell said he unloaded 95 of the shares but discovered he still owned 83 shares last weekend and ordered them sold Monday, according to a letter to the Ethics Commission. He said his account at Credit Suisse was under a new manager at the time of the Diebold purchase and the manager had not followed instructions to previous managers to avoid certain stocks.

The Ethics Commission filings were at the center of Gov. Bob Taft's admission last year that he had failed to report golf outings and other gifts on disclosure forms. He pleaded no contest to misdemeanor ethics charges.