Skip to main content

Tammy Baldwin gets a valuable assist in her campaign for the Wisconsin senate seat:

CLINTON:  One big difference between Tammy Baldwin and Tommy Thompson is that she stood up to the special interests, and he's stood up for them. If you put people first, it works better than trickle-down economics.... Thanks to Tammy Baldwin, there are three-million young people under the age of 26 who are now on their parents' health insurance policy.... We will bring America back in a fair, balanced, progressive way—with Tammy Baldwin, you can count on it."
The narrative that Thompson is out for himself and out for the special interests has real traction in this race, fueled by Thompson. He's refused to release his tax returns, has forgotten how many houses he owns, and has been hurt by having significant investments in companies doing business in Iran. Then, of course, there's how he profited off of 9/11 first responders.

Now there's a new revelation about his private finances that's going to sting.

Madison -- U.S. Senate candidate Tommy Thompson took ownership of more than $125,000 in stock this month for sitting on the board of a medical device company that has faced lawsuits and federal investigations.

Thompson in 2005 joined the board of C.R. Bard Inc., a New Jersey medical device maker that last year paid $184 million to resolve 2,600 lawsuits, has about 1,000 other lawsuits pending and has faced investigations by federal prosecutors.

Goal Thermometer
He received the 1,200 shares of stock on Oct. 1, taking ownership of them without having to pay for them. Apparently they're a perk of board membership. His campaign has been clear in stating that as a board member "Governor Thompson is not involved in the daily operations of these companies."

He apparently just gets to sit on the board and profit handsomely, while doing nothing to oversee those operations and to make sure these companies don't break the law. Nice work, if you can get it.

Click here to donate $3 to Tammy Baldwin on Act Blue.

Originally posted to Joan McCarter on Tue Oct 30, 2012 at 11:52 AM PDT.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site