Senator, offshoring foe to sell his stock
INDIANAPOLIS — An Indiana U.S. senator and longtime critic of outsourcing jobs to foreign countries announced Friday that he will sell his stock in his family’s arts and crafts company after The Associated Press reported the company manufactures some products in Mexico.
Democrat Joe Donnelly said he hasn’t had an active role in the company for 20 years but was taking the action to avoid allowing the issue to become “a distraction from our work to end outsourcing and keep American jobs here instead of shipping them to other countries.” His campaign said he made the statement to reporters at an Indiana Black Expo luncheon.
On Thursday, the AP reported that Donnelly made at least $15,001 in dividends last year on as much as $50,000 of stock in Stewart Superior Corp., which used Mexican workers to produce dye for ink pads.
Donnelly, considered to be vulnerable in his re-election effort next year, was highly critical of Carrier Corp., an air conditioner and furnace maker. He accused it of exploiting $3-an-hour workers when its parent company announced plans last year to cut some 2,000 jobs at two Indiana factories by moving production to Mexico.