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Portfolio boosted Kerry's income (EARNED MILLIONS)
Boston Globe ^
| Rick Klein
Posted on 06/15/2005 8:43:37 AM PDT by Tumbleweed_Connection
As Senator John F. Kerry traveled the country on his presidential campaign last year, his personal investment portfolio earned him between $14,700 and $42,300 in addition to his Senate salary of $158,100, while his wife's investments made the couple millions more, according to financial disclosure forms released yesterday.
Kerry reported ownership of four trust funds, with the combined value stated within the broad range of $430,000 to $2.56 million. They include holdings between $15,000 and $50,000 in companies like Procter & Gamble Co., Exxon Mobil Corp., General Electric Co., Pfizer Inc., Baxter International Inc., BellSouth Corp., and American Express Inc., among a wide range of smaller stock interests.
But much of Kerry's 73-page financial disclosure report is dedicated to describing the vast holdings of his wife, Teresa Heinz Kerry, the primary heir to the Heinz family fortune. Heinz Kerry's net worth has been estimated at more than $500 million, and her wealth has made Kerry the richest senator in the nation by some estimates.
Heinz Kerry reported holdings of more than $1 million in a wide range of companies, including H.J. Heinz Co., Gannett Inc., IBM, Wells Fargo & Co., Comcast Corp., Liberty Media Corp., Noble Energy Inc., and Wachovia Corp. She has investments of at least $1 million in 31 separate venture capital funds, including funds run by Bain Capital, Beacon Capital Partners, and Polaris Venture Partners.
She also reported owning more than $25 million in municipal bonds, including many in Pennsylvania, the home state of her late husband, former senator John Heinz. Her ownership stake in the Washington restaurant Thyme Square was valued between $250,000 and $500,000, and her airplane charter company Flying Squirrel Inc. was valued at more than $1 million.
...Edward Kennedy, shows that he received rental income of between $50,000 and $100,000 for the Kennedy...
(Excerpt) Read more at boston.com ...
TOPICS: News/Current Events
KEYWORDS: heinz; kerry; lib8cash8club; millionaires; teresaheinz; wealth
Welcome to the liberal multi-multi-millionaire club. The Clinton's application is still sitting on a shelf, in a folder.
"Flying Squirrel, Inc.?"
Well just shove it.
posted on 06/15/2005 8:46:45 AM PDT
("Anyone can see what's wrong, but can you see what's right?" -Winston Churchill)
Wonder what they paid in taxes?
posted on 06/15/2005 8:47:49 AM PDT
Comment #4 Removed by Moderator
Wonder what they paid in taxes?
I am not sure but I bet it's seared, SEARED in his memory.
posted on 06/15/2005 8:55:01 AM PDT
(You may disagree with what I have to say, but I shall defend to your death my right to say it.)
LOL. I'd be willing to bet that your average John Q. Public pays a higher percentage of his income in taxes than the Kerrys do.
posted on 06/15/2005 8:58:30 AM PDT
They own stock in Exxon/Mobile!!! Those evil bastards are part of the gas price and global warming problem! Windfall profits I tell you!
And worse yet, they are profiting from slave owning Wachovia!
John Kerry is profiting from slavery!
posted on 06/15/2005 9:03:37 AM PDT
by Phantom Lord
(Advantages are taken, not handed out)
If memory serves, it was around 13%.
This idiot paid a total of 47% of his income in taxes (combined) and voted for Kerry.
posted on 06/15/2005 9:08:01 AM PDT
If memory serves, it was around 13%.
Great googly moogly.
You ain't lyin'.
posted on 06/15/2005 9:11:17 AM PDT
Oh, I see. He is one of those rich people who benefit from the tax cuts.
posted on 06/15/2005 9:11:49 AM PDT
(Cloth or link. Happiness is a perfect trunion.)
How does that clown get FOUR trust funds; and I only have one?;)
Would you call Tereeeza a "sugar mommy"? Would that make him her "stud bud"? Oh gosh.....Yuk!!
posted on 06/15/2005 9:48:28 AM PDT
(God Bless Our Troops!!)
I do not care about his finances. Their money is their business. I prefer to hit people on the issues.
To: Phantom Lord
...and those bastar*s at Noble who are no doubt raping the land, polluting the environment and making obscene profits!
"Noble Energy... of the leading independent energy companies in the United States - Noble Energy has explored for, produced and marketed crude oil and ...
Yeah, I understand those sentiments completely... But kicking Kerry can be fun no matter what the pretext...
posted on 06/15/2005 10:28:20 AM PDT
by The Electrician
("Government is the only enterprise in the world which expands in size when its failures increase.")
To: The Electrician
sKerry kicked himself., started way back when he couldn't find his way to be a MAN.
posted on 06/15/2005 10:32:20 AM PDT
(USMC, Nam Vet, HMM-165)
Edward Kennedy, shows that he received rental income of between $50,000 and $100,000 for the Kennedy...
According to Brit Hume last night, Kennedy only rents his Hyannisport home to relatives.
My home is in a resort area, near the ocean. I'm e-mailing my kids with the new rental rates.
posted on 06/15/2005 10:43:48 AM PDT
Great googly moogly
posted on 06/15/2005 1:06:01 PM PDT
Excerpt article from Reuters at www.foxnews.com
HEINZ Q1 Earnings Fall, Beat Estimates
Monday, August 22, 2005
Heinz Profit Rises on Strong US Business H.J. Heinz Profit Falls on Hain Write-Down Heinz Buys Danone's HP Sauces for $855M
CHICAGO Ketchup and packaged food producer H.J. Heinz Co. (HNZ) Monday said quarterly profit fell 19 percent because of weak demand for seafood and soup in parts of Europe and costs related to planned asset sales. But its results excluding items beat Wall Street expectations.
Heinz said it was still on track to meet full-year profit targets despite steep commodity costs and a stronger dollar that pressures international results, and its shares edged up 1 percent in New York Stock Exchange (search) trading.
Net income fell to $157.3 million, or 45 cents a share, in the fiscal first quarter ended July 27, compared with $194.8 million, or 55 cents per share, a year earlier.
Excluding one-time items, Pittsburgh-based Heinz earned 52 cents per share, 2 cents per share better than the average estimate among analysts polled by Reuters Estimates.
Net earnings included after-tax charges of $24.5 million for job cuts and other restructuring efforts.
"Headlines look good but the devil is in the details," Prudential Equity Group analyst John McMillin wrote in a note to clients, pointing out that a lower-than-expected 27.9 percent tax rate added to earnings, while exchange rates and acquisitions lifted sales.
"European trends remain the principal challenge," he said.
Heinz announced in May that it was considering selling some assets such as its European seafood business and New Zealand poultry operations, both of which weighed on first-quarter profits.
However, the company Monday said only that it was "making good progress" on those plans and would give further details at a September 20 analyst meeting.
"We will keep you posted as decisions are made," Art Winkleblack, Heinz's chief financial officer, said on a conference call with analysts.
The company expects to incur $100 million in restructuring costs for the full fiscal year, which includes the charges recorded in the first quarter.
Analysts are hoping that selling those divisions to focus on bigger brands will boost profits.
First-quarter sales rose to $2.1 billion from $2.0 billion a year earlier, driven by Heinz's North American consumer products segment. The company reported strong demand for its namesake Heinz brand as well as TGI Friday's (search) and Ore-Ida (search) frozen food.
Sales were flat in Europe as declines in the company's seafood business and weakness in the British soup market offset strong ketchup sales. European operating profit dropped nearly 16 percent, primarily because of weak
posted on 08/22/2005 6:47:01 PM PDT
(Vigilance and Valour!)
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