Thursday, September 12, 2013

Who Rules St. Paul's School?--Part 2

As the 2004 book by Michael Kranish, Brian Mooney and Nina Easton, “John F. Kerry”, observed about U.S. Secretary of State John Kerry (who has recently been acting more like a “U.S. Secretary of War” in 2013):

“To his critics, Kerry is an aloof politicians who lacks a core…As a boy, he was shipped off for a 7-year odyssey at boarding schools in Switzerland and New England…The boy who was educated at patrician prep schools…married wealthy wives whose net worth dwarfed his own…Kerry…went to St. Paul’s…on the generosity of his great-aunt Clara Winthrop…She owned an estate in Manchester-by-the-Sea…Winthrop offered to pay for much of John’s prep school education… Kerry began at St. Paul’s in the eighth grade and stayed for a total of 5 years, through graduation…”

Coincidentally, John “Skull and Bones” Kerry’s step-son, Christopher Heinz, has also been a member of the St. Paul’s prep school’s board of trustees and co-chair of the St. Paul School's Investment Committee in recent years. St. Paul’s Trustee Heinz is described in the following way on the Heinz-Kerry dynasty’s Heinz Endowments website:

“Christopher Heinz is a founding partner of Rosemont Capital, a New York-based, private-equity investment company. Prior to Rosemont, Mr. Heinz worked as a senior advisor for the John Kerry for President 2004 campaign. Before joining the campaign, Mr. Heinz worked as an associate and principal at Jacobson Partners in New York City. The private-equity group focuses on small to medium-sized companies that have enterprise values between $20 million and $150 million, and are in turnaround or restructuring situations.

“From 1996 to 1999, Mr. Heinz was employed by Cambridge Associates, a Boston-based investment advisor for investors classified as tax-exempt under section 501(c)(3) of the Internal Revenue Code. During his tenure at Cambridge, Mr. Heinz focused on private-equity and venture-capital partnership evaluation and portfolio construction. Mr. Heinz currently serves on the board of St. Paul's School and on the Board of Visitors of the Carnegie Mellon School of Public Policy…”

Coincidentally, according to the St. Paul’s School’s Form 990 financial filing for the year beginning July 1, 2011 and ending June 30, 2012,  the Cambridge Associates LLC investment advisor that employed St. Paul’s School Trustee Heinz between 1996 to 1999 was paid $261,317 by the tax-exempt St. Paul’s prep school between July 1, 2011 and June 30, 2012 for “investment consulting.”

The "New York Times" (2/11/07) also reported in 2007 that St. Paul’s Trustee Heinz also married the daughter of “the chairman of Devon Value Advisers, a financial consulting and investment banking firm in New York” in 2007. And as the Muckety blog noted in a May 24, 2011 post:

“Two easily recognized names head Rosemont Seneca Partners, an investment firm founded in June 2009, with offices in New York and Washington.

“The company is co-chaired by R. Hunter Biden, son of Vice President Joe Biden; and Christopher Heinz, son of the late Sen. H. John Heinz III and stepson of Sen. John Kerry.

"The Heinz-Biden alliance opens doors across the political spectrum. While John Kerry and Joe Biden are Democrats, John Heinz was a Republican….Heinz is founding partner of another investment firm, Rosemont Solebury Capital Management."

“As the great-great-grandson of the founder of H.J. Heinz Co., he would have had access to wealth even without the political connections of his father and stepfather…”

And, coincidentally, both the St. Paul's prep school and the Kerry-Biden administration in Washington, D.C. seem more interested in training young people to serve the special corporate interests of Wall Street investors and "the 1 %" (whose foreign investments overseas the U.S. war machine is being used to protect) than in educating young people to create an egalitarian, democratic society in the United States that serves the class interests of U.S. public school graduates and "the 99 %."

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