The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Globe Sharpens its Axe Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 14, 2005

The Globe Sharpens its Axe

by: Sean Hanna, Editor in Chief

Boston Globe columnist Steve Bailey has penned a "love letter" to Sean Healey and it is a safe bet that Healey was less than thrilled after he read it this morning. Healey, who heads Affiliated Managers Group (AMG), is the husband of Massachusetts Lieutenant Governor Kerry Healey.

Bailey takes aim at Mr. Healey's use of his asset management industry fortune to finance his wife's political career. She is expected to next run to become governor of the Bay State.

"Now Healey wants to buy an election for his wife," writes Bailey before sarcastically adding that he thinks "it is sweet." In her last run, the Healey's spent $1.8 million of their own cash on her campaign. Mrs. Healey has no source of income and declines to take a paycheck from the state.

Bailey also snidely questions the source of Mr. Healey's wealth and takes aim at AMG's practice of putting prominent state Republicans on its payroll. Darrell Crate, Massachusetts Republican chairman, serves as AMG's chief financial officer and former governor William Weld served on AMG's board until last year.

"It is a small, small world, and the gracious mansion on Beverly's 'Gold Coast' that AMG built with the help of a state tax break is an appropriate symbol of just how small -- read: wired -- this exclusive club is," he writes.

To make sure he leaves no stone unturned, Bailey also dredged up AMG's use of a $1 million tax credit when it built its headquarters.

"Just wondering: Did that tax break go for the locked gates out front or the tennis court out back?" shoots Bailey.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use