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)

[johniegrad]

I sure hope this guy wins the nomination.

[not-alone]

bump

[q_an_a]

many years ago I heard a great piece of wisdom, "As long as there are news markets no secret is safe. So be honest or be quiet."

[jmstein7]

Corruption BUMP!

[Tacis]

Mrs. Terry Kerry, the former Widow Heinz is an African American and any criticism of her is, according to the liberals, racism!!

[CROSSHIGHWAYMAN]

This year we will see just how many "yellow dog" Democrats are still alive.

[bobo1]

I hope she gave the American worker three months notice before their jobs were terminated.

Typical Rat action. "This is what I will do if I am elected".
However, they do not have the gonads to do it to set an example beforehand.

Blessings, Bobo.

[hawkaw]

Is this article for real? I love to see this as a commercial by the Bush 43 team.

[the Real fifi]

Heinz has more operations--57(really)--overseas than it has in the US.

[bobo1]

I guess the article is real. I am constantly amazed at the hypocrisy of the left. Truth does not matter to them, it is how it can be spun to their advantage.

I have detested liberals for years. It cost me a "C" in a political science class in 1971, because I would not agree with a liberal professor. Many shouting matches in class. He was evidently educated beyond his intelligence.

Blessings, Bobo

[jigsaw]

Teresa can't be happy with this kind of news repeatedly coming out about her.

And as more things are discovered, I wonder how many young reporters will
see an opportunity at possible stardom by uncovering some major revelation
about the Kerrys. We may see a feeding frenzy..

[jocko12]

GET READY TO SEE TESS START DOING THE DEMOCRAPS FLIP FLOP,FLIP FLOP.

[1Old Pro]

I sure hope this guy wins the nomination.

Kerry has more baggage than Samsonite.

[Irene Adler]

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.

[atomicpossum]

Kerry:

"Oh...I meant it was wrong for OTHER people..."

[RightWhale]

How the heck can one 'outsource' to Bermuda? What resource does Bermuda have besides sun, surf, sand, and fishing boats?

[GraniteStateConservative]

It's disgusting gutter politics of the worst kind to bring my wife into this campaign. If Bush doesn't want to run against me, he should just announce that he's not a candidate for re-election and drop out. [forthcoming Kerry response]

[GraniteStateConservative]

Sweetheart tax deals.

[RightWhale]

John Kerry-Heinz. He ought to consider the name change.