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Posted on 10/28/2011 11:00:37 AM PDT by SeekAndFind
How did the former CEO float $500,000 for his campaign? A hodgepodge of corporate director fees and investments has filled his pockets.
Republican presidential candidate Herman Cain has collected over $680,000 in corporate director fees and stock-option exercises since the beginning of 2010, according to a just-released financial disclosure form. The paperwork also indicates that the former Godfather's Pizza CEO used some of his personal wealth to float his campaign a loan worth upwards of $500,000.
Cain also reported a salary of $165,183 over that period from Cox Radio, where he hosted his own radio show until February of this year. His financial disclosure form provides the first peek into the financial holdings of the suddenly red-hot Republican contender. Unlike his rivals, who as former officeholders have long had to make their finances public, Cain has never had to share details of his holdings. He asked for--and received--a 90-day extension for filing the form released on Wednesday.
The candidate whose anti-Washington message and sunny campaigning style have rocketed him to the top of Republican primary polls listed assets between $100,001 and $250,000 in each of three entities:
•The Coca-Cola Company;
•A checking account with SunTrust Bank;
•A SunTrust money market.
The federal financial disclosure forms that presidential candidates are required to complete ask them to list assets and liablities in broad ranges of value rather than specific amounts.
Cain's financial disclosure form suggests he's in the middle of the GOP PAC when it comes to wealth. He is far less well-off than former Massachusetts Gov. Mitt Romney, whose net worth has been pegged at north of $190 million, but appears to be better-off than Texas Gov. Rick Perry, who reported losses on investments and real estate when he released his 2012 income tax returns.
(Excerpt) Read more at theatlantic.com ...
And that's a bad thing? That's an enviable position to be in and that's exactly what is expressed here - envy.
herman’s more intelligent than the so-called “intelligent”
socialist and rino progressives that populate the airwaves
and bad mouth him daily.
RE: And that’s a bad thing? That’s an enviable position to be in and that’s exactly what is expressed here - envy.
______________
Cain just ... barely... escaped Obama’s desired millionaire’s tax.
But the fact that this info is made public should qualify him as a target for the “hate the rich” occupy crowd.
There you have it. Not only is Perry better than Cain because he has less money, but Perry is also so honest that he has already filed his 2012 income tax return. I'll bet Cain hasn't even filed his 2011 return yet.
Cain is polling at #2 in New Hampshire right now and perry is polling BEHIND huntsman, for heavens sake! That is amazing.
Did they think he should have been paid in pizzas? To be honest I would have guessed he was worth a lot more. There are kids, as well as semi-retarded lefties, on tv who probably make more.
But the fact that this info is made public should qualify him as a target for the “hate the rich” occupy crowd.
The main problem I see with that plan of attack is it would really emphasize Obama’s records or lack thereof.
That will not stop the OWSers crowd, or MSNBC for that matter, attacking Mr Cain’s “riches”
Does the writer mean PAC or pack???
Does the writer even know what PAC stands for???
Oy.
Dang, I didn’t know a local AM radio gig could pay that well. Note to self, find a second career.
It is none of my business but I’d be interested to see how he deploys his cash. He only has 3 investments of over $100,000 and 2 of them are Cash (savings and checking). At his age, it is good that he takes fewer risks with his investments. Coca-Cola is a solid investment and pays dividends so no complaints there. But I really would have thought he made more at Godfathers and would have more savings and investments. Just my own reaction. Maybe he will get a $400,000 a year gig soon.
Oh my GOD! A self made man! We cannot have that in politcs! /s
That’s fine Atlantic. Now tell us where Obama got the money for his first campaign.
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