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Dodd's Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company
clear politics ^
| 3/23/09
| Kevin Rennie
Posted on 03/24/2009 10:57:07 AM PDT by bestintxas
No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company's favorite recipients of campaign contributions. But it turns out that Senator Dodd's wife has also benefited from past connections to AIG as well.
From 2001-2004, Jackie Clegg Dodd served as an "outside" director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG - giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)
Clegg was compensated for her duties
(Excerpt) Read more at realclearpolitics.com ...
TOPICS: News/Current Events; US: Connecticut
KEYWORDS: 111th; aig; chrisdodd; dodd
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To: Ernest_at_the_Beach; BOBTHENAILER; potlatch; devolve; MeekOneGOP; dixiechick2000
21
posted on
03/26/2009 1:15:32 PM PDT
by
PhilDragoo
(Hussein: Islamo-Commie from Kenya)
To: Ernest_at_the_Beach
Thanks Ernest. I forgot about this slideshow I had made with Dodd in it. Wish I had dated it.
22
posted on
03/26/2009 2:23:44 PM PDT
by
potlatch
To: Ernest_at_the_Beach
Thank you Ernest for the ping.
23
posted on
03/26/2009 2:36:31 PM PDT
by
Cindy
To: potlatch
To: Ernest_at_the_Beach
Thanks Ernest. It’s dark, and slow but had to be in order to read it all.
25
posted on
03/26/2009 2:45:18 PM PDT
by
potlatch
To: Ernest_at_the_Beach
Surprize!!!!!! Not really.
26
posted on
03/26/2009 4:18:03 PM PDT
by
Conspiracy Guy
(I voted Republican because no Conservatives were running.)
To: PhilDragoo; Ernest_at_the_Beach
Imagine these two clowns having to share a cell.
27
posted on
03/26/2009 4:22:11 PM PDT
by
Marine_Uncle
(I still believe Duncan Hunter would have been the best solution... during this interim in time....)
To: PhilDragoo
Absolutely “Jail not Bail”!
Yikes!
Shocked but NOT surprised by this news!
28
posted on
03/26/2009 11:27:51 PM PDT
by
MeekOneGOP
(2008: The year the Media died. --Sean Hannity, regarding Barack HUSSEIN ObaMao's treatment ...)
To: Ernest_at_the_Beach
29
posted on
03/27/2009 10:40:17 AM PDT
by
GOPJ
(With-it liberals are moving on to the next hoax: WATER!We're all going to die of thirst.)
To: Don Corleone
The incestuous relationships in DC are wider and deeper than the Pacific Ocean.
IT's DEMS. Dodd IS A DEM.
30
posted on
03/27/2009 10:41:37 AM PDT
by
GOPJ
(With-it liberals are moving on to the next hoax: WATER!We're all going to die of thirst.)
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