Know Your Donor: Cadman's Blue Chips

Post by Mike Klassen in

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If you want to run for elected office, you have disclose your financial interests before Election Day. It's standard practice at all levels of government today, when perceived or real conflicts of interest are extremely sensitive issues for politicians.

We have to be thankful that our politicians oblige this practice, if only because it can sometimes reveal some awkward details that private citizens may rather not disclose. Take, for example, the matter of COPE City Councillor David Cadman's stock portfolio. It's been reported before that Cadman is carrying a healthy portfolio of blue chip corporate stocks, but no one has really presented the full list (which we provide further into this post) of companies the loud and proud social democrat owns.

Then there is the rather touchy matter of COPE's 2002 campaign debt, part of which David Cadman is reported to have held on the party's behalf -- upwards of $40,000. As recently as last Fall, Cadman was shrugging off the fact he gave $40K to the party, and he didn't sound at all like he was expecting to get it back.

Some may consider it a stretch, but can COPE credit DuPont, AIG, Coca Cola, Microsoft, General Electric, Exxon Mobil, Ford & General Motors, Fannie Mae, and Corn Products International for some of its electoral success? If so, this is definitely not the COPE of Harry Rankin's days.

It was just over one year ago that Cadman was taking swipes at Vision Vancouver, calling them "divisive" in communiqués to COPE party faithful. My how times have changed. Since then a great accord has been reached between COPE and Vancouver's "other" left wing party Vision, and we now realize that David Cadman has more than a little Donald Trump inside of him.

Here below is the list of companies that David Cadman declared ownership in with the Vancouver City Clerk's office, along with a short description of each from the corporate websites (and in cases where descriptions didn't exist, the Wikipedia was sourced).

  • Abbott Lab Inc., Discovers, develops, manufactures and sells pharmaceutical and nutritional products such as drug delivery systems, antibiotics and prepared infant formulas
  • Agilent Tech Inc., The premier measurement company -- advancing electronics, communications, life sciences and chemical analysis
  • Alcoa Inc., World's biggest aluminum producer
  • American Int. Group Inc., aka A.I.G. of the recent corporate bonus scandal
  • Avon Prod Inc., World's leading direct seller of beauty and related products
  • BC PLC, Broadway Consolidated PLC has been formed to take advantage of the opportunities in mineral and natural resource developments
  • Boeing Co., Commercial Airplanes, Integrated Defense Systems
  • Bristol Myers Squibs Co., Pharmaceutical and related health care products company
  • Cisco Systems Inc., Leading supplier of networking equipment and network management for the Internet
  • Citigroup Inc., Global source of information about and access to financial services
  • Coca-Cola Enterprises Inc., Bottler and distributor of Coca-Cola, Minutemaid, Powerade, and Dasani brand beverages
  • Corn Products Int. Inc., Corn refiner producing dextrose and starch products
  • CSX Corp., International transportation company offering a variety of rail, container-shipping, intermodal, trucking and contract logistics
  • Del Monte Foods Co., Well-known producers, distributors and marketers of premium quality, branded food and pet products
  • Delphi Corp., Leader in mobile electronics, transportation components, and systems technology
  • E.I. DuPont De Nemours Co., A science-based products and services company
  • Emerson Electric Co., Diversified global manufacturing and technology company
  • Exxon Mobil Corp., Parent of Esso, Mobil and ExxonMobil companies around the world. ExxonMobil is an industry leader in almost every aspect of the petroleum business
  • Fannie Mae, A U.S. government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity and stability to the housing and mortgage markets
  • First Trust of Insured Municipal Bonds,  "First Trust" is the single largest wholesale originator of unit investment trusts in the USA.
  • Ford Motor Co., Maker of cars, trucks, SUVs and other vehicles
  • Franklin Resources Inc., A global investment management organization
  • Gap Inc., The company behind some of the most recognized and respected brands in the apparel industry
  • General Electric Co., The company behind everything from jet engines to power generation, financial services to water processing, as well as medical imaging
  • General Motors Corp., Provides corporate, product, dealer, warranty, financing, and vehicle protection information for potential auto and vehicle buyers
  • Heinz HJ Co., The most global of all U.S.-based food companies, famous for their iconic brands
  • Hewlett Packard Co., Offers a wide range of products and services from digital photography to digital entertainment and from computing to home printing.
  • Intel Corp., The world leader in silicon innovation, develops processor technologies and supports global initiatives to continually advance how people work
  • Pfizer Inc., The world's largest research-based pharmaceutical company
  • International Business Machines Corp., IBM is a global technology company
  • Johnson & Johnson, A global American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886
  • Eli Lilly & Co., The 10th largest pharmaceutical company in the world
  • Lucent Tech Inc., First truly global communications solutions provider, with the most complete end-to-end portfolio of solutions and services in the industry
  • Microsoft Corp., An American-based multinational computer technology corporation that develops, manufactures, licenses, and supports a wide range of software products for computing devices
  • Morgan & JP Co. Inc., A leader in wholesale financial services, offering intelligent solutions across one of the most comprehensive global product platforms available
  • Proctor Gamble Co., The consumer products company is 8th largest corporation in the world by market capitalization and 14th largest US company by profit
  • SBC Communications Inc., Wireless technology company owed by AT&T
  • Schlumberger Ltd., Schlumberger is the leading oilfield services provider, trusted to deliver superior results and improved E&P performance for oil and gas companies around the world
  • Smucker (J.M.) Co., Offers delicous jams, jellies, preserves, snacks, sandwiches, recipes, ice cream toppings, natural peanut butter and more
  • Solectron Corp., Acquired by Flextronics, the leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile OEMs
  • Southwest Airlines Co., The largest airline in the United States by number of passengers carried domestically per year
  • Time Warner Inc., A leading media and entertainment company, whose businesses include interactive services, filmed entertainment, television networks and publishing
  • TransOcean Inc., The world's largest offshore drilling company
  • Travellers Ppty Casualty Corp. The largest American insurance company by market value
  • Tyco Int. Ltd., Multi-national group of manufacturing and services providing companies, active in healthcare, flow control, security, telecommunications and electronics
  • Verizon Communications, A leader in fiber optics, Verizon offers phone, Internet, TV, wireless and service bundles to residential, business, government and wholesale clients
  • Worldcom Inc., Merged with MCI, it is the world's largest provider of long-distance services. Worldcom was the subject of a bankruptcy scandal in 2002
  • Wyeth, A world leader in the research and development of innovative, high-quality health care products

1 Comment

Wasn't it David Cadman that recently brought a motion to council asking Vision not to provide tax breaks for those "big, bad corporations"?

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