Saturday, August 03, 2002
Connection?
Can't help but notice how many companies now having legal troubles are connected directly to powerful people in Washington. Case in point: Rite Aid.
Here's a quote from Joe Conason's "Notes on a Native Son", from Harper's Magazine, Feb, 2000:
All material on this site © 2002-2007 201k.com - All Rights Reserved.Here's a quote from Joe Conason's "Notes on a Native Son", from Harper's Magazine, Feb, 2000:
- "[George W. Bush's] Arbusto partners included...Rite Aid drugstores chairman Lewis Lehrman..."
- Rite Aid Corp 2002 PAC Summary Data
2002 election (so far)
Total Receipts $267,016
Contributions from this PAC to federal candidates - 16% to Democrats, 84% to Republicans
2000 election
Total Receipts$433,325
Contributions from this PAC to federal candidates - 27% to Democrats, 73% to Republicans
- Saturday Ex-Rite Aid Officials Face U.S. Charges Of Financial Fraud
By KENNETH N. GILPIN (NYT)
Three former top executives and a current employee of the Rite Aid Corporation were indicted yesterday in what regulators called a securities and accounting fraud that led to a $1.6 billion restatement of earnings, the largest ever.
The criminal charges, filed by the United States attorney's office for the Middle District of Pennsylvania, follow a two-and-a-half-year investigation in concert with the Securities and Exchange Commission.
