RoJo spends $8.7M on campaign, pays self $10M, says that's just coincidental | Wis.Community

RoJo spends $8.7M on campaign, pays self $10M, says that's just coincidental

There were people who speculated during the 2010 US Senate campaign in Wisconsin that Republican Ron Johnson really didn't have the kind of liquid asserts that would allow him to spend the $5-million to $10-million of his own money he talked about.

Well, he spent $8.7-million. And now we know how. He drained $10-million from his Oshkosh plastics company , Pacur, in 2010.

That's a little more than the $650,000 in income he reported for the previous year, but Johnson told WisPolitics.com that it was "deferred compensation."

in its report to subscribers, says:

Johnson said he hadn’t paid himself a salary since buying the business in 1997 and the $10 million was a deferred compensation payout that he did after his November victory. He said the move was not related to his self-financing of his campaign.

Oh, OK, that's for clariftying that RoJo. We believe you. And now we'll just climb back on the turnip truck you must think we just fell off of.

Published

June 15, 2011 - 5:43pm

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