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Politics

Cookson American pension very good for Carcieri

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April 27, 2009 1:38 pm
By News staff

By Katherine Gregg
Journal State House bureau

PROVIDENCE -- Governor Carcieri last year banked a pension worth between "$200,000 and $500,000" from his former employer: Cookson America.

When it came to investing his own money, General Treasurer Frank Caprio's picks last year included IBM, General Electric, Pfizer, Boeing Corp., Microsoft and the Altria Corp., which bills itself as the nation's "premier tobacco company."

Lt. Gov. Elizabeth Roberts harvested between "$100,000 and $200,000" last year from Union Land & Management, a family-owned real estate land-management company in Herndon, Va., and somewhere between $91,000 and $210,000 from the sale of stock in Nordstrom; ConocoPhillips, the nation's third largest oil company; First Marblehead, a private-school student loan company; Bank of America; Canadian National and the Harris Corp.

Friday was the deadline for about 4,000 state and local officials to file their annual conflict-of-interest disclosure statements with the state Ethics Commission.

The five top state officials -- who include the governor, lieutenant governor, treasurer, attorney general and secretary of state -- were required to go a step further, by reporting their sources of income and how much in broad terms -- such as "$10,001 to $25,000" or "$25,001 to $50,000" -- they received from each of those sources in 2008. Attorney General Patrick C. Lynch and Secretary of State A. Ralph Mollis had little to report beyond their state paychecks.

For the record, Caprio, Lynch and Mollis voluntarily disclosed all or portions of their tax returns earlier this month; Carcieri and Roberts did not, so their Ethics Commission filings provide a once-a-year glimpse at the sources of their substantial incomes.

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