Joe Kennedy's 'Citizens Energy' Enriching Kennedys in Guise of 'Helping Poor'
Posted in the Boston Forum
#1 Jan 2, 2012
Total compensation paid in FY2008 by Citizens Energy Corp. to the following:
Joseph P. Kennedy II:$596,988
Elizabeth K. Kennedy:$228,962
Peter F. Smith:$443,459
Citizens Energy Corp. is not much more than a tax-exempt scheme to enrich Joseph P. Kennedy II and other Kennedy family members in the guise of 'helping the poor'.
What is the full nature of the sweetheart deal between Citizens Energy Corp. and Hugo Chavez, the Marxist president of Venezuela who controls Citgo, the oil company which supplies Citizens Energy Corp. with home heating oil at a steep discount?
Has any other tax-exempt American charity been able to obtain the same cushy deal from Pres. Chavez as has Joe Kennedy's organization?
How was now-deceased US Senator from Massachusetts Edward M. Kennedy (Joe's uncle) instrumental in seeing to it that Pres. Chavez guaranteed Citizen Energy the deal it needed to make nephew Joe's organization a viable enterprise?
#2 Jan 2, 2012
IRS FORM 990, Citizens Energy Corp., FY 2008, PDF pg. 21:
#3 Jan 2, 2012
Further, Joseph P. Kennedy II's hourly compensation from Citizens Energy Corp. calculates to be nearly $1,200 PER HOUR!
For FY2008, Citizens Energy reported to IRS that Mr. Kennedy, Citizen Energy's president and CEO, worked 10 hours per week on average -- TEN HOURS WEEKLY!
Mr. Kennedy's total compensation from Citizen's Energy for Fiscal 2008 was $596,988, divided by 500 hours (10 hours per week for 50 weeks) equals an hourly rate of $1,193.98 per hour.
#4 Jan 2, 2012
IRS FORM 990, Citizens Energy Corp., FY2008, PDF pg. 8:
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