AP: Key Health Care Senators Have Industry Ties
I meant to post the story on Friday but I wasn’t able to get to it so figured I’d lead off with today… The Associated Press reported last week on the ties between several key Senators and the health care industry. Among them Connecticut’s own Chris Dodd.
Sen. Dodd’s wife Jackie Clegg Dodd sits on the boards of four pharmaceutical companies, Javelin Pharmaceuticals Inc., Cardiome Pharma Corp., Brookdale Senior Living and Pear Tree Pharmaceuticals.
Mrs. Dodd last year was one of the most highly compensated non-employee members of the Javelin Pharmaceuticals Inc. board, on which she has served since 2004. She earned $32,000 in fees and $109,587 in stock option awards last year, according to the company’s SEC filings.
Mrs. Dodd earned $79,063 in fees from Cardiome in its last fiscal year, while Brookdale Senior Living gave her $122,231 in stock awards in 2008, their SEC filings show. She earned no income from her post as a director for Pear Tree Pharmaceuticals but holds up to $15,000 in stock in Pear Tree, which describes itself as a development-stage pharmaceutical company focused on the needs of aging women.
The annual financial disclosure reports for members of Congress are less precise. They only require that assets and liabilities be listed in ranges of values.
Dodd sought a 90-day extension to file his report covering last year, giving him until mid-August to submit his report, but released his report Friday to The Associated Press.
Bryan DeAngelis, Dodd’s spokesman, said, “Jackie Clegg Dodd’s career is her own; absolutely independent of Senator Dodd, as it was when they married 10 years ago. The senator has worked to reform our health care system for decades, and nothing about his wife’s career is relevant at all to his leadership of that effort.”
DeAngelis said that Mrs. Dodd has hired a personal ethics lawyer to avoid any conflicts of interest and is not a lobbyist.
In addition to Sen Dodd. Democrats Jay Rockefeller and Tom Harkin and Republicans Tom Coburn, Judd Gregg, John Kyl and Orrin Hatchn are mentioned in the AP story.
I’m not going not to draw any conclusions, my advice is to read the entire article and draw your own conclusions… I have fundamental problem with Sen Dodd, or any Senator for that matter, authoring legislation that may directly effect companies on whose boards their spouse sits.
The the bigger story within the story may be the APs passing mention of Sen. Dodd’s magically appreciating Irish Cottage… Michelle Malkin has the deatails on that here.
Breaking News: Senator Judd Gregg Withdraws Nomination for Commerce Secretary
Still Looking for details, but I’m hearing reports that Sen. Judd Gregg (R- New Hampshire) has withdrawn his name from nomination for Commerce Secretary.
Here’s the Via Drudge:
For Immediate Release:
Thursday, February 12, 2009Senator Gregg Statement on His Withdrawal for Consideration of U.S. Commerce Secretary
Sen. Gregg stated, “I want to thank the President for nominating me to serve in his Cabinet as Secretary of Commerce. This was a great honor, and I had felt that I could bring some views and ideas that would assist him in governing during this difficult time. I especially admire his willingness to reach across the aisle.
“However, it has become apparent during this process that this will not work for me as I have found that on issues such as the stimulus package and the Census there are irresolvable conflicts for me. Prior to accepting this post, we had discussed these and other potential differences, but unfortunately we did not adequately focus on these concerns. We are functioning from a different set of views on many critical items of policy.
“Obviously the President requires a team that is fully supportive of all his initiatives.
“I greatly admire President Obama and know our country will benefit from his leadership, but at this time I must withdraw my name from consideration for this position.
“As we move forward, I expect there will be many issues and initiatives where I can and will work to assure the success of the President’s proposals. This will certainly be a goal of mine.
“Kathy and I also want to specifically thank Governor Lynch and Bonnie Newman for their friendship and assistance during this period. In addition we wish to thank all the people, especially in New Hampshire, who have been so kind and generous in their supportive comments.
“As a further matter of clarification, nothing about the vetting process played any role in this decision. I will continue to represent the people of New Hampshire in the United States Senate.”
Ed Morrissey is spot on:
Wow. This is an embarrassment for Obama, and might imperil the stimulus package, if Gregg has any influence over the waverers. The decision to strip him of authority over the census looks like the last straw, however — as it should have been.
I don’t see any need for analysis Sen. Gregg’s statement lays it out pretty clearly. Frankly, I’m not surprised Gregg decided to bow out I thought it was an odd marrige to start with. The only question is what influence if any will Gregg’s decision have on the waverers.
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