Titus
02-17-2012, 01:18 AM
I was looking to see if Mitt Romney and Diebold had any connection. I came across an obvious Rick Santorum connection instead. This doesn't mean Mitt Romney doesn't have a connection but Rick's is a little more obvious.
In order to see who has a connection to Diebold, the first thing I did was look to find the institutional investors. I've provided a link and a screen capture. Diebold's institutional investors - Scroll to the bottom (http://investing.money.msn.com/investments/institutional-ownership?symbol=DBD) - Screenshot (http://i1170.photobucket.com/albums/r529/SantorumDiebold/d1.jpg)
The name Friess Associates should stand out. Friess Associates shares its name with Foster Stephen Friess, the contributor of Rick Santorum's superpac. According to MSN, Friess Associates bought over 20 million dollars of Diebold shares just before 2012. Foster Stephen Friess is on the board of Friess Associates, LLC. The board of directors primary role is oversight of the CEOs. It's more complicated than that, but is the simple version. His exact duties depend on the state (or country) where Friess is incorporated. I haven't looked at that yet. Link (http://investing.businessweek.com/research/stocks/private/people.asp?privcapId=666628) - Screenshot (http://i1170.photobucket.com/albums/r529/SantorumDiebold/d2.jpg)
Now, I doubt there is another "Foster Stephen Friess" that has access to millions of dollars to buy Diebold stock. The wikipedia page for his name refers to Friess Associates as well. The odds that Foster Stephen Friess is almost certainly both the man behind the Red, White, and Blue SuperPAC and one the board of Friess Associates. Wikipedia Page for Foster Stephen Friess discussing Friess Associaties and the Rick Santorum SuperPAC (http://i1170.photobucket.com/albums/r529/SantorumDiebold/d3.jpg)
This isn't proof of impropriety but this certainly does not pass the smell test.
In order to see who has a connection to Diebold, the first thing I did was look to find the institutional investors. I've provided a link and a screen capture. Diebold's institutional investors - Scroll to the bottom (http://investing.money.msn.com/investments/institutional-ownership?symbol=DBD) - Screenshot (http://i1170.photobucket.com/albums/r529/SantorumDiebold/d1.jpg)
The name Friess Associates should stand out. Friess Associates shares its name with Foster Stephen Friess, the contributor of Rick Santorum's superpac. According to MSN, Friess Associates bought over 20 million dollars of Diebold shares just before 2012. Foster Stephen Friess is on the board of Friess Associates, LLC. The board of directors primary role is oversight of the CEOs. It's more complicated than that, but is the simple version. His exact duties depend on the state (or country) where Friess is incorporated. I haven't looked at that yet. Link (http://investing.businessweek.com/research/stocks/private/people.asp?privcapId=666628) - Screenshot (http://i1170.photobucket.com/albums/r529/SantorumDiebold/d2.jpg)
Now, I doubt there is another "Foster Stephen Friess" that has access to millions of dollars to buy Diebold stock. The wikipedia page for his name refers to Friess Associates as well. The odds that Foster Stephen Friess is almost certainly both the man behind the Red, White, and Blue SuperPAC and one the board of Friess Associates. Wikipedia Page for Foster Stephen Friess discussing Friess Associaties and the Rick Santorum SuperPAC (http://i1170.photobucket.com/albums/r529/SantorumDiebold/d3.jpg)
This isn't proof of impropriety but this certainly does not pass the smell test.