John Kerry & The Benedict Arnold CEOs

29 Mar, 2004 by John Hawkins

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Ok, I’ve had just about enough of listening to Kerry talk about “Benedict Arnold CEOs“…

If you want a clearer version to email to your friends or post on your web page, you can get it here.

***Update #1***: After being clued in by an RWN reader, I’ve done a bit of research and found that the article I quoted was not entirely accurate…

“Neither Mrs. Heinz Kerry nor Senator Kerry nor any of the Heinz trusts or endowments – either individually or collectively – holds a significant percentage of shares of the H.J. Heinz Company. In 1995 the Heinz Endowments and family trusts sold a large percentage of Heinz shares in a secondary share offering to diversify their holdings. As a result, their current holdings are under 4 percent.

There is no connection between any philanthropic programs of the H.J. Heinz Company and its Foundation and the Heinz family interests (including the Howard Heinz Endowment, the Vira Heinz Endowment, and the Heinz Family Philanthropies).”

So although Teresa Heinz Kerry was once the “family business” for Teresa Heinz Kerry and it is the source of her — and of course John Kerry’s — enormous wealth, I don’t think it’s fair to call it the “family business” any longer. So I would encourage you not to send this graphic out or use it on your website.

That being said, it is worth noting that John and Teresa Kerry still own millions of dollars worth of Heinz stock despite the fact that Heinz now has the majority of its operations overseas. Would you invest in the business of someone you considered to be a “traitor”? Apparently, John Kerry would….