IN CASE YOU MISSED IT
Stewart Mills sold his family’s business for $1.2 billion to KKR, a Wall Street buyout firm, yet he refuses to disclose the details of the deal – including how much money Stewart Mills personally pocketed. On behalf of Minnesotan working families, the DFL has called for Stewart Mills to disclose how much of a windfall he just made out of putting 8th District workers’ jobs in jeopardy.
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Press Release: Minnesotans Call for Stewart Mills to Disclose How Much He Made from Selling His Family’s Business
Martin: “Mills should tell workers how much their job security went for on the auction block.”
5/12/2016
[ST. PAUL, MINN.] – On behalf of Minnesota working families, DFL Chairman Ken Martin is calling for congressional candidate Stewart Mills III to come clean to voters on how much he made off of selling his family’s business to Wall Street and jeopardizing thousands of jobs.
By several accounts, Stewart Mills III has sold his family’s business for $1.2 billion to KKR, a Wall Street buyout firm notorious for firing hundreds of employees and cancelling worker pensions. But Stewart Mills III, who inherited millions from his family and has only gotten richer since, is refusing to disclose how much he has personally made off of the sale.
Mills recently spent thousands of dollars trying to convince people he’s a normal guy: in a slick ad released this week, Stewart tried to look blue collar while “holding up car parts.” WCCO called the ad “a disconnect” for “many Minnesotans who are familiar with Mills – one of the wealthiest men in the state.”
“Stewart Mills III just spent thousands of dollars trying to convince voters that he’s a regular hardworking guy, just like them. But everyone already knows Stewart Mills is ‘one of the wealthiest men in the state,’ and stands to make millions more off of selling his family’s business to the highest bidder on Wall Street,” said DFL Chairman Ken Martin. “On behalf of all Minnesotan working families, we are calling for Mills III to disclose just how much cash he made off this sale. Mills should tell workers how much their job security went for on the auction block.”
View this release online.