The Royal Gazette(Bermuda) Kerry's wife made Killing on outsourcing to Bermuda

The Royal Gazette (Bermuda) ^ | 3/1/2004 | AntiDemocrat

[AntiDemocrat]

Kerry's wife made killing from ‘corporate inversion'

By Mairi Mallon
The Royal Gazette (Bermuda) ---------------------------------------------------------

US Presidential hopeful, Senator John Kerry, has been hauled over the coals for his anti-Bermuda stance - after it was discovered his wife's trust made a killing on Ingersoll-Rand redomesticating to the Island.

Sen. Kerry, of Massachusetts, has been loudly denouncing US companies moving offshore to save on their taxes calling them “Benedict Arnold” firms after the notorious American traitor.

But as the Kerry Campaign hots up, so does the scrutiny of his affairs. Reporters and his opponents have been leaving no stone unturned scrutinising his every move - and that of his wife.

Now the latest edition of Newsweek has revealed that in 2002 the conversion and sale of up to a million dollars of stock in Ingersoll-Rand made between $100,000 and $200,000 after stock rose in price following the company's move to Bermuda. In an article in this week's edition headlined “The Wedge War”, Newsweek looks into the general election campaign and with it how the Kerry camp is faring.

It said of his bid: “And oppo (opposition) types will undoubtedly focus on family financial transactions. One such deal involves the conversion and sale in 2002 of up to a million dollars of stock in Ingersoll-Rand. It was a profitable sale - netting from $100,000 to $200,000 - of a company whose balance sheet was boosted by its decision to move its headquarters offshore to Bermuda.

(click the link for the full story on the hypocrite John Kerry)

[lilylangtree]

What a turkey! When it comes to making profit, the Kerrys motto: "Do as I say and not as I do!"

[Porterville]

Kerry is such a loser. His past would have been mainly forgotten if he'd stay away from the presidency... now he will go through history as a backstabbing, two-faced communist, from french descent.

[ExpatCanuck]

I sure hope this guy wins the nomination.

Me too, and this is just a guess, but I think the plan is for Kerry to crash and burn, with just enough time left for only someone of Hillary's stature to step in and save the day. Watch for a Hillary/Edwards ticket.

[TrueBeliever9]

I have an idea for Theresa. She should buy Haiti. Theresa needs a country to play with. Once she gets Haiti all fixed up to her liking, she and Jonn Heinz Kerry can start on the U.S. in earnest.

I like it! Send this idea to teh-RAZ'ah!

[backhoe]

Cross-link:

-John Kerry- some selected, informative links...--