Wednesday, March 14, 2018

Kennedy Touts Corporate Experience That Hurt Working Families

Chicago, IL – Chris Kennedy touts his experience on corporate boards, but a closer look reveals his “experience” actually entails cashing in while hiking executive pay at a company that sent jobs overseas.

In September, Kennedy sold nearly 30,000 shares of Interface stock the same day he contributed $250,000 to his campaign. While Kennedy received over $1.18 million from his time on Interface’s board, he repeatedly voted to hike executive pay while the company laid off workers, shuttered plants, and sent jobs overseas. Kennedy also served on the board of a second company, Knoll Inc., where he voted to hike executive pay despite the objections of shareholders.

“While he touts his experience on corporate boards, Chris Kennedy cashed in after hiking executive pay for a company that shuttered plants and sent jobs overseas,” said Pritzker campaign spokeswoman Jordan Abudayyeh. “From the University of Illinois to for-profit businesses, Kennedy has put compensation for top executives and his own bottom line above students and working families.”

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