Posted on 01/18/2012 7:46:32 AM PST by greyfoxx39
.......... the private equity giant once run by the GOP presidential frontrunner carved his church a slice of several of its most lucrative business deals, securities records show..
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As part of just one Bain transaction in 2008, involving its investment in Burger King Holdings, filings with the Securities and Exchange Commission reveal that an unnamed Bain partner donated 65,326 shares of Burger King stock to the Church of Jesus Christ of Latter-day Saints, holdings then worth nearly $1.9 million. And there were numerous others, giving the church a stake in other Bain properties, such as Domino's Pizza, the electronics manufacturer DDi, the phosphates company Innophos Holdings, and Marquee Holdings, the parent to AMC Theaters.
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In some cases the filings are vague about the way stocks are apportioned to the different recipients. In others, such as the 2000 stock sale involving DDi Corporation, the records show the Church of Jesus Christ of Latter-day Saints held 27,016 shares, worth $754,827 at the time of the sale. In a 2008 stock sale involving Innophos Holdings, the church's 50,301 shares were worth nearly $1.4 million. SEC filings for Marquee Holdings note that "certain members and other employees of Bain and its affiliates may make a contribution of shares to one or more charities prior to this offering, including The Corporation of the President of The Church of Jesus Christ of Latter-day Saints."
Romney's own family nonprofit, The Tyler Charitable Foundation, was also cut into numerous Bain deals. The nonprofit, run by Bradford Malt -- the Romney personal attorney who oversees all of the candidate's financial holdings -- passed those stock earnings along to a variety of other charities, including the church.
(Excerpt) Read more at abcnews.go.com ...
wow, Romney is just as slimy as I always expected.
Ping
The RNC keeps a gun perpetually pointed at their foot.
what’s wrong with giving stock to your church?
Opinions of the Mormon Church aside, why is this a big deal? If I made the money Romney has made in hos lifetime, I would have given millions to my Church. I am glad to see he is generous with his giving.
Wow! You think donating large amounts of money and stock to ones church is “slimy?” Interesting.
The lds DENY that Jesus is the Creator.
They DENY everything was created THROUGH Him, BY Him, and FOR Him.
Please, I pray, to all Freeper lds - come to Truth of Christ.
Mormons are a cult not a church, they are just one step away from the Heavens Gate level.
Why is charitable giving a bad thing?
place marker
Romney is a Mormon!!! Shocking!!!
I’m SHOCKED, I tell you! SHOCKED!
;)
Would that all Americans took their confession of faith and confirmation as seriously as Mitt Romney has taken his. America would be a far greater nation.
Bet ole ABC got this from the Obama Black ops crew.
Shot across the bow.
This is the problem, what ROmney has sworn to: you do consecrate yourselves, your time, talents, and everything with which the Lord has blessed you, or with which he may bless you, to the Church of Jesus Christ of Latter-day Saints, for the building up of the Kingdom of God on the earth and for the establishment of Zion.
You know nothing about mormonISM do you?
This is why he’s reluctant to release his taxes. It won’t look good when combined with the ads the left will slip into the media about Mormons.
Just the same the only debate I'm having with myself about Romney is who do I vote for last -- him or Paul.
Right now I'm leaning towards Mitt although Paul saying crazy things about the raid on Bin Laden certainly gives me pause.
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