"Robert F. Tatman" wrote:
Is it really possible to campaign against the system while personally
profiting from it?
Yaeh sure why not?
J2
=
http://web.philly.com/content/inquirer/2000/06/19/national/NADER19.htm
Monday, June 19, 2000
---
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Ralph Nader's worth is nearly $4 million
ASSOCIATED PRESS
WASHINGTON - Green Party presidential contender Ralph Nader, a longtime
consumer advocate and critic of corporate America, is worth millions of
dollars, thanks to investments in high-tech companies, according to
published reports.
For years, he refused to reveal even the slightest personal financial
information. But Nader, who expects to become the Green Party's nominee for
president this weekend, discussed the topic in interviews with the Baltimore
Sun and Washington Post, detailing personal assets approaching $4 million.
He also disclosed financial information in a report filed with the Federal
Election Commission.
Nader was unavailable for further comment yesterday.
The Sun reported Saturday that Nader earned more than $512,000 over the last
16 months, mostly in speaking fees. The newspaper also said Nader's personal
holdings were conservatively valued at more than $3.9 million, including a
stock portfolio heavy on high-tech holdings.
He has nearly $1.2 million in stock in Cisco Systems, an Internet networking
company. He also owns smaller amounts of five other technology-related
stocks and has more than $2 million in two money market funds, the
Washington Post reported yesterday. He listed no debts. Nader, 66 and
unmarried, rents an apartment in Washington, and does not own a car or real
estate.
Nader said he did not take a salary from any of the public-advocacy groups
he founded during his career as a champion of consumer rights, and lives on
just $25,000 a year.
In campaign speeches, Nader rails against the concentration of wealth and
power by corporate America. But he makes no apologies for his own wealth,
saying he could have been even richer had he not been funneling 80 percent
of his earnings back into civic projects.
"I'd like to set an example that people who have means should use those
means to better society," he told the Post.
Among the self-financed projects he cited are efforts to organize Public
Interest Research Groups on college campuses. He also has started research
centers devoted to health and safety, has worked on behalf of American
Indian rights, child protection and solar energy education.
His running mate, Winona LaDuke, is an American Indian activist.
Other organizations he founded include Public Citizen and the Center for
Auto Safety.
Despite what appears to be a new openness forced by his long-shot
presidential bid, Nader told the Post he would not release his personal
income tax forms.
"Assuring privacy rights for all Americans has been one of my active
engagements for many years," he said.
© 2000 Philadelphia Newspapers Inc.
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