Democratic Party of Wisconsin
Press Release

Questions Senator Johnson Has Refused to Answer About His Possibly Illegal $10 Million Payout From Pacur

Rather than come clean, Johnson continues to refuse to release an agreement with Pacur that could clear up the serious charges.

By - Sep 13th, 2016 12:25 pm
Ron Johnson

Ron Johnson

Senator Johnson has come under fire for his suspicious arrangement with Pacur that awarded him a $10 million corporate payout. It’s likely that the payout violated federal laws that ban corporations from donating to federal election. Rather than come clean, Johnson continues to refuse to release an agreement with Pacur that could clear up the serious charges. With Senator Johnson refusing to come clean, the DPW filed a senate ethics complaint into Senator Johnson’s possible breaches of federal law.

Here are just some of the outstanding questions that Johnson continues to dodge:

  1. Is there a written agreement with Pacur over the deferred compensation? If yes then why wasn’t it included in your Senate Ethics forms? If no then why did you not have what is considered a standard agreement for most companies?
  2. Is there is an agreement, why would you not release it?
  3. When did you first discuss the payment? Was it before or after your 2010 victory?
  4. How did you determine $10 million?
  5. Were you the only person who signed off on the amount? If so why was no one else consulted?
  6. Why don’t you think the rules apply to you?

On a press call earlier this morning, Kory Kozloski, Executive Director for the Democratic Party of Wisconsin, and Jonathan Berkon, Counsel at Perkins Coie LLP, urged Senator Johnson to come clean with Wisconsin voters. Here are some excerpts:

Kory Kozloski, Executive Director for the Democratic Party of Wisconsin:

“For five years now, Senator Johnson has refused to answer even the most basic questions about his $10m golden parachute…He’s been asked again and again to produce this agreement, to show it, and again and again he has refused to come clean. And this is exactly what people hate about Washington. Wisconsinites deserve the truth…Either he’s hiding something about this arrangement, or there was never an agreement to begin with, and his campaign lied about it.

“Unfortunately, this is just a pattern that we’ve seen from Senator Johnson who has spent years in Washington protecting a rigged system for himself and other multi-millionaires like him. Whether it’s his support for tax loopholes that benefit big oil, or opposing common sense solutions to allow students to refinance student loan debt, Senator Johnson has made a career out of protecting a rigged system at the expense of middle class families. It would seem there’s no loophole too small or tax break too large for Senator Johnson, and the people of Wisconsin are the ones who are hurt most by this: the middle class Wisconsinites are left footing the bill for these tax breaks that benefit Johnson and his friends.

“Because the truth is, Johnson’s $10 million in deferred compensation is just a symptom of a larger disease, one that allows rich and powerful individuals to set their own rules in Washington while leaving working people behind, and that is why we are calling on Senator Johnson today to stop hiding, to stop avoiding answering these questions, to come clean about this compensation package. If there was nothing wrong with it, he needs to come out and tell the people of Wisconsin this is what was in it….Wisconsinites deserve to know whether their senator lied to them and whether their senator broke the law.”

Jonathan Berkon, Counsel at Perkins Coie LLP:

“It is a bedrock principle of campaign finance law that there are no corporate contributions to political campaigns — not a penny. And what we have here is serious evidence that Senator Johnson authorized a $10m corporate contribution through the back door to his campaign. This is a big deal. This is $10m, when the limit is zero. And this has been an issue for more than five years now, and he still hasn’t come clean.

“We still haven’t seen the deferred compensation agreement, we don’t know what criteria were used to come up with the number that they chose, we haven’t been told whether his company had any kind of pre-existing policy to compensate departing executives, or whether they created this just for him after his campaign. He had an opportunity to disclose the key terms of this agreement on his financial disclosure form, but he didn’t do so. He hasn’t done so in response to requests from press, in requests from the party, in requests from people across the country.”

Mentioned in This Press Release

Recent Press Releases by Democratic Party of Wisconsin - Page 5

Democratic Party of Wisconsin

Republican Extremists Eye Fetal Tissue Bill for the Second Straight Legislative Session

"Not only is this proposal out of touch with the needs of everyday Wisconsinites, it does nothing to move our state forward."

Democratic Party of Wisconsin

Democratic Party of Wisconsin Applauds Legislative Democrats’ “Wisconsin Way Forward” Agenda

"The bold ideas announced by legislative Democrats highlight our shared values and are exactly what our state needs right now."

Democratic Party of Wisconsin Statement on CBO Score of Speaker Ryan’s Health Care Bill

"Speaker Ryan's bill will make everyday Americans pay more money for fewer benefits, and leave many of his fellow Wisconsinites without any health care at all."

What They’re Saying About Speaker Paul Ryan and the House GOP’s Health Care Bill

Speaker Paul Ryan hasn't seen a warm reception to his conference's bill.

Less coverage, higher costs, huge tax giveaways to those at the top. This took six years?

"This is a more of the same chaos, uncertainty, and half-baked ideas from Speaker Ryan's House and the Trump administration."

Democratic Party of Wisconsin Statement On Vice President Mike Pence Visit To Janesville

"Instead of trying to rip coverage away from Americans, we should be working to strengthen the Affordable Care Act..."

Wisconsin Is Asking: Where Is Speaker Paul Ryan?

Wisconsinites have had enough of being ignored by Republican leaders

Democratic Party of Wisconsin Congratulates Jason Rae on Becoming DNC Secretary

The Secretary is the Party’s official record-keeper and keeper of the Party's relationships with members.

Democratic Party of Wisconsin

Democratic Party of Wisconsin Statement on DNC Chair Election

"Democrats nationwide are ready to fight for our values and the future of our country under the leadership of Tom Perez. "

Gov. Scott Walker Is Desperate To Impress President Donald Trump

Here are the facts you need to know about the Governor's D.C. establishment talking points

Democratic Party of Wisconsin

WisDems Statement on the Passing of Ed Garvey

"Ed was a true progressive who fought tirelessly for everyday Wisconsinites..."

Leave a Reply

Your email address will not be published. Required fields are marked *