Retired Wall Street kingpin Bruce Lisman, the Millionaire Who Would Be Governor, released his financials on Monday. Interesting, because (a) candidates usually release financials after Tax Day, so their most recent tax returns are included, and (b) it’s Christmas Week, when relatively few are paying attention. Kind of a newsdump, in other words.
The topline? Lisman’s net worth is $50.9 million.
Sounds like a lot. But my first thought was: I expected more.
After all, this is a guy who was in the top ranks of Bear Stearns, a very lucrative Wall Street firm. Well, it was “very lucrative” until it melted down into a small puddle of goo in the 2008 financial crisis.
And after all, this is a guy who in 2009 sold his Manhattan residence — a four-bedroom pad overlooking Central Park, not far from the Metropolitan Museum of Art — for almost $13 million. And his current manse in Shelburne is worth just under $6 million. With real estate exposure like that, I’d have expected a higher net worth.
There are possible explanations.
A very strange half-page advertisement graced page 3 of Your Monday Times Argus. It was a solicitation for inside information on the operations of Keurig Green Mountain and/or its would-be purchaser, JAB Holding Company. And, oddly, it was littered with typos and lousy grammar.
The ad was placed by something called ACTION Group, whose name is too generic to yield anything useful via Google search. At the top of the ad, ACTION Group claims to consist of “Americans Concerned To Improve Our Nation.”
Two people are named in the ad: William T. Juliano and Deborah Dickinson. You might expect them to be ambulance-chasing lawyers, but no — Juliano is a real estate developer and financier based in New Jersey and Boca Raton, Florida, and Dickinson is a longtime employee in his various enterprises.
The ad claims that ACTION Group is “very concerned” with the announced sale of KGM to JAB, described as “a huge German conglomerate whose intentions are to dominate the global coffee industry.”
You know, like the Third Reich only caffeinated. Hm, that doesn’t sound good.