War Hawk Jeb Bush Earned Millions Pimping for Corporations
In the time between being the governor of Florida and becoming a possible presidential candidate for 2016, Jeb Bush was an adviser for at least 15 companies and nonprofit groups, reported CBS News. During this time, Bush raked in millions of dollars.
Since 2007, Bush reportedly earned $3.9 million from four companies in addition to $25,000 a year from a Georgia-based medical company. At least five companies that Bush advised faced lawsuits from shareholders or legal actions from the government. Some were accused of fraud.
From 2010 to 2013, Bush served on the boards of or advised 11 different companies and nonprofit groups. One of those companies was his own, Jeb Bush & Associates. Bush’s recused involvement with so many companies is obviously little more than a public relations move. He still co-owns two companies with his sons.
Ring of Fire reported that “Bush is the co-owner of a ‘company that is a managing partner of FracStar Logistics, a company that provides sand for fracking.’” FracStar was renamed to Proforce Energy Services in recent years. The company was founded by Jeb’s son, George P. Bush, who currently serves as the Texas Land Commissioner.
Bush also co-owns Proforce’s management company, De Soto Partners, with his son Jeb Bush Jr., despite saying he has severed corporate ties. With these connections, it’s very clear that Bush would still serve corporate interests if he was the president.
read: http://www.ringoffireradio.com/2015/05/war-hawk-jeb-bush-earned-millions-pimping-for-corporations/
Among the issues the Florida Republican could be asked to explain:
-One company that paid Bush $15,000 a month as a board member and consultant, InnoVida Holdings, collapsed in fraud and bankruptcy, with the company's CEO, Claudio Osorio, now serving 12 1/2 years in prison. Bush joined InnoVida despite warning signs that Osorio's prior company dissolved amid bankruptcy and allegations of fraud.
-At least five companies where Bush served on the board or as adviser faced class-action lawsuits from shareholders or legal action by the government. Some of the most sweeping cases, involving allegations of fraud or environmental damage, remain active. The Securities and Exchange Commission subpoenaed one of the companies, Rayonier Inc., in November, shortly before Bush's exit.
-Bush earned $3.9 million from four companies alone since 2007, the AP found, plus $25,000 a year more from a medical company in Georgia, $9,600 annually from Bloomberg Philanthropies and zero pay from a drug addiction nonprofit. His earnings from eight other companies are unknown, and Bush has declined AP's requests to disclose his compensation - raising questions about how open he would be as a presidential candidate.
Bush was a board member or adviser to publicly traded health care, timber, gold mining and sanitation companies; for private firms involved in housing, finance, medicine, higher education and decontamination; and for nonprofits focused on drug addiction and philanthropy. He served on the board of directors for nine of the 15, and as an adviser or advisory board member for the others. Two of the 15 are nonprofits.
read: http://www.cbsnews.com/news/jeb-bush-earned-millions-in-juggling-act-as-corporate-adviser/
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