Reply #5: EXTRA! EXTRA! Read all about it! Snow's personal connection...

[BurgherHoldtheLies]

In 2004, Dubai Ports International (DPI) purchased CSX World Terminals. DPI then changed their name to DPI Terminals. DPI Terminals combined with Dubai Ports Authority = Dubai Ports World. The company purchased by Dubai Ports World, CSX World Terminals is a division of CSX Corporation. The former CEO of CSX Corporation is Treasury Secretary John Snow.

John Snow: Secretary of Treasury
Appointed by Bush as Secretary of the treasury after firing Paul O'neil: John Snow recently stepped down as CEO of CSX. Under Snow's watch, despite raking in close to a billion dollars in pretax profits since 1998, CSX paid no federal income taxes in three of the past four years – magically making all of its profits "pretax." What's more, thanks to a combination of accounting gimmicks and tax shelters, the company was even able to score a hefty $164 million in tax rebates during that time. Tax rebates on taxes that CSX NEVER PAID. After looting the treasury of our tax dollars, Bush has appointed him Secretary of that same treasury.

Under Snow’s leadership CSX has achieved the dubious distinction of being one of the 100 biggest overall campaign contributors to federal candidates and parties, shelling out $5.9 million between 1999 to 2002. Seventy-two percent of that total went to Republicans, including $25,750 to the Bush-Cheney campaign in 2000. In addition, Snow kicked in $75,000 to various federal campaigns.

But he could afford it. During his 12-year tenure at CSX Snow received more than $50 million in compensation. Last year, he made $10.1 million in cash and stock grants and received stock options valued at $8 million.

Alvin “Pete” Carpenter is one of three Pioneers who have worked for CSX railroad (see also Thomas Fiorentino and Joseph Bogosian). President Bush appointed then CSX-Chair and CEO John Snow as Treasury Secretary in December 2002, after forcing out Treasury Secretary Paul O’Neill, who took a nonchalant approach to the nation’s sluggish economy. Carpenter became vice chair of CSX in 1999, the year he organized a 1999 Bush fundraiser that netted almost half a million dollars. He is one of the “Jacksonville Eight,” wealthy executives who raised hundreds of thousands of dollars for Jeb Bush’s 1998 gubernatorial campaign. CSX joined three other major railroad interests in “Destination DC,” a 1999 lobbying effort to prevent Congress from imposing new regulations on the industry through the renewal of the Surface Transportation Board. The 2000 Bush presidential campaign reimbursed CSX $3,800 for rides George Bush took on its corporate jets. Carpenter retired from CSX in 2001 but still consults for the company. Governor Jeb Bush appointed Carpenter to Florida’s Advisory Council on Base Realignment and Closures in 2003 and heads a panel Governor Bush created to study the state’s workers compensation system.