The McCain campaign claims that campaign manager Rick Davis separated from his lobbying firm, Davis Manafort, in 2006:
In fact, the allegation is demonstrably false. As has been previously reported, Mr. Davis separated from his consulting firm, Davis Manafort, in 2006. As has been previously reported, Mr. Davis has seen no income from Davis Manafort since 2006. Zero. Mr. Davis has received no salary or compensation since 2006. Mr. Davis has received no profit or partner distributions from that firm on any basis — weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annual or annual — since 2006. Again, zero. Neither has Mr. Davis received any equity in the firm based on profits derived since his financial separation from Davis Manafort in 2006.
This record, which I retrieved from the Virginia State Corporations Commission shows that Davis is still an officer/director of Davis Manafort, Inc. He is also currently the clerk/treasurer of Davis Manafort Partners, Inc. (Click on the image at left to view a larger version.)
Corporate officers/directors don’t necessarily get paid and don’t necessarily "receive equity" based on the profits of the corporation. But whether Davis has been paid, or received any equity based on Davis Manafort’s profits since 2006 is a separate question from whether he retains a connection to the firm.
The public record shows that Davis has an ongoing business relationship with the firm Davis Manafort, Inc–a firm mortgage Freddie Mac paid $15,000 a month up until the government took it over last month, purely because of Davis’s proximity to Senator McCain.
If you are still a director of a company, you have not separated from it. The McCain camp is lying again.
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Good on you!
You’re in the tank, Beyerstein.
Is this a revision to the revision? I thought he guit, finally, last month. Contrary to earlier revisions.
Just when you think you’re out, they pull you back in…
McCain’s campaign consistently achieves an unbelievable level of naked mendacity. And he wants us to believe he isn’t another Bush?
Isn’t he a PWO?
anything to indicate that he got $$$$, contrary to what they said? i thought they were saying he didn’t take any $$$. now they did use the word “separated.” in what respect, charlie?
Nice work, Lindsay.
Have you all seen this email tat’s floating around?
It’s actually got some good talking points.
>> I’m a little confused. Let me see if I have this straight…..
>>
>> * If you grow up in Hawaii, raised by your grandparents, you’re
>> ”exotic, different.”
>> * Grow up in Alaska eating mooseburgers, a quintessential American
>> story.
>>
>> * If your name is Barack you’re a radical, unpatriotic Muslim.
>> * Name your kids Willow, Trig and Track, you’re a maverick.
>>
>> * Graduate from Harvard law School and you are unstable.
>> * Attend 5 different small colleges before graduating, you’re
>> well-grounded.
>>
>> * If you spend 3 years as a brilliant community organizer, become
>> the first black President of the Harvard Law Review, create a voter
>> registration drive that registers 150,000 new voters, spend 12 years
>> as a Constitutional Law professor, spend 8 years as a State Senator
>> representing a district with over 750,000 people, become chairman of
>> the state Senate’s Health and Human Services committee, spend 2 years
>> in the United States Senate representing a state of 13 million people
>> while sponsoring 131 bills and serving on the Foreign Affairs,
>> Environment and Public Works and Veteran’s Affairs committees, you
>> don’t have any real leadership experience.
>> * If your total resume is: local weather girl, 4 years on the city
>> council and 6 years as the mayor of a town with less than 7,000
>> people, 20 months as the governor of a state with only 650,000
>> people, then you’re qualified to become the country’s second highest
>> ranking executive.
>>
>> * If you have been married to the same woman for 19 years while
>> raising 2 daughters, all within Protestant churches, you’re not a
>> real Christian.
>> * If you cheated on your first wife with a rich heiress, and left
>> your broken and disfigured wife and married the heiress the next
>> month, you’re a Christian.
>>
>> * If you teach responsible, age appropriate sex education, including
>> the proper use of birth control, you are eroding the fiber of society.
>> * If, while governor, you staunchly advocate abstinence only, with no
>> other option in sex education in your state’s school system while
>> your unwed teen daughter ends up pregnant, you’re very responsible.
>>
>> * If your wife is a Harvard graduate lawyer who gave up a position in
>> a prestigious law firm to work for the betterment of her inner city
>> community, then gave that up to raise a family, your family’s values
>> don’t represent America’s.
>> * If you’re husband is nicknamed ”First Dude”, with at least one DWI
>> conviction and no college education, who didn’t register to vote
>> until age 25 and once was a member of a group that advocated the
>> secession of Alaska from the USA, your family is extremely admirable.
>>
>> OK, much clearer now.
WayneC
McCain is toast.
Maybe Marion will serve him for breakfast one morning.
ian at the mothership
That’s not the baffling part, though…the baffling part is that he seems to want to be toast.
@Beerfart Liberal, #7
Good question. The New York Times story says that 6 anonymous sources with direct knowledge of the arrangement said that Davis Manafort got the money and that they got it specifically because of Rick Davis’s access to McCain. We also know that Rick Davis was personally paid to be the head of the Homeownership Association, a creature of Fannie and Freddie, until approximately 2005. According to the Times’ anonymous sources the money to Davis Manafort was the continuation of RD’s HA contract.
excellent fact finding, Lindsay. good job!
a little long, some puncutaation problems, otherwise EXCELLENT. Most emails I see are right wing trash.
McMelba?
McBurned
In most corporations, the role of treasurer is pretty hands-on and important.
Since he’s the treasurer, he sure won’t be able to say that he didn’t know where the money Freddie was giving to Davis Manafort went.
Rick Davis’ lame-o excuse is that he was paid $30K/month, but that he didn’t actually do anything. WTF?