Ned Lamont: Wal-Mart Hypocrite
by Ivy J. Sellers
The Right Angle
08-04-2006
Sen. Joe Lieberman's democratic opponent took him to town earlier this week for not doing more to protest what he calls Wal-Mart's "mistreatment" of its workers.
But, it turns out the accuser, Ned Lamont, is a shareholder of the very company he continuously criticizes, reports the Washington Times:
<<< Connecticut millionaire businessman Ned Lamont, who sharply criticized the employment practices of Wal-Mart this week in his campaign to unseat Sen. Joe Lieberman in the Democrat primary, owns stock in the company, Senate records reveal.
"This is about waking up Wal-Mart, and this is also about waking up corporate America," Mr. Lamont said Wednesday at a Bridgeport rally against the retail giant, hosted by many of the same liberal bloggers who have boosted the former cable executive far ahead of Mr. Lieberman in the polls.
But Mr. Lamont and his family are part owners of the company, according to financial disclosure records he filed earlier this year with the secretary of the Senate. Mr. Lamont, his wife and a dependent child own as much as $31,000 in Wal-Mart stock.
Mr. Lamont and his wife jointly own two accounts containing as much as $16,000 in Wal-Mart stock. Their Wal-Mart holdings spin off as much as $3,500 in annual dividends. In addition, a trust fund he set up for one of his children contains as much as $15,000 in Wal-Mart stock and spins off as much as $1,000 in dividends.
In his remarks at the anti-Wal-Mart rally this week, Mr. Lamont never mentioned his shareholder status in the company. >>>
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