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Heinz Co. boosts Prez Bush's re-election campaign

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Larkspur Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-04 07:48 AM
Original message
Heinz Co. boosts Prez Bush's re-election campaign
The actual title was too long for the Subject line, so here it is
Despite Kerry Ties, Heinz Co. Provides An Election-year Boost For President Bush
http://www.theday.com/eng/web/newstand/re....8E-7F83F7CE7AC0

Washington — Though John Kerry's wife is an heir to the H.J. Heinz Co. fortune, the food company and its executives are providing President Bush with money and a campaign issue — jobs flowing overseas — in this year's election.

Members of the board of the Fortune 500 company and its corporate political action committee have donated thousands of dollars to Republicans in recent years, including contributions to the Bush campaign. The corporate PAC has given nothing to Kerry.

The Republicans are accepting the cash even as they criticize the Pittsburgh-based company's job cuts and overseas moves — part of an effort to taint the presumptive Democratic nominee with the conglomerate's business practices.

While Teresa Heinz Kerry gained much of her $500 million portfolio through her Heinz inheritance, she does not serve on the board and is not involved with the management of the company. Even her late husband, Sen. H. John Heinz III, R-Pa., did not serve on the board.

No Heinz family member has been employed by the company or served on its board since H.J. “Jack” Heinz II, its chairman, died in 1987.
<SNIP>

I know that Teresa Heinz doesn't operate the company, but found this article interesting.
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johnfunk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-04 08:02 AM
Response to Original message
1. So much for the FReeper lie...
... that Teresa Heinz Kerry is uning her company to boost husband's campaign. LIIIIIIIAAAAARRRS! LYING LIIIIIIIAAAAARRRS!
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trogdor Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-04 08:06 AM
Response to Original message
2. I wonder how much stock she holds.
Couldn't she raise havoc by threatening to dump her shares, sell them to someone disruptive, or otherwise make the board members' lives miserable?

Say things like, "I don't run the company, but I own a shitload of stock, so either things change PDQ (like dissolving the corporate PAC), or I take all of you bastards down with me.
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-04 08:32 AM
Response to Reply #2
3. A delightful idea.
n/t
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Tellurian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-04 08:48 AM
Response to Reply #2
4. And risk being poor?
nah- better asking for an increase in the Trust fund and donating to Kerry via subliminal donations.
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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-04 08:48 AM
Response to Original message
5. duplicate
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