The Birmingham News *cough cough* tries to make us feel sorry for her because she's taking a *cough* pay cut to go to Congress and describes her modest wealth. I guess it depends on what the definition of modest wealth and a pay cut IS. I sure wish I had this kind of modest wealth. I'll bet her constituents which they had half of this kind of modest wealth.
Rep.-elect Terri Sewell, D-Birmingham, will take a sizable pay cut when she is sworn into office in January. She is a bond lawyer with the Maynard Cooper and Gale law firm in Birmingham, and earned $285,000 there in 2008, her last full year of employment with the firm.As a matter of fact we are getting more *ahem* advice from her predecessor than we are from the new head of the Alabama Democratic Party. Seems like she would have something to say about the new gop house rules paving the way for more deficit spending, or about the Alabama gop legislature instituting lobbying reform amid the Bingo scandal. Surely the first African American female elected to Congress from the heart of the Black Belt has something to say about the red, republican Alabama Senate Health Care opt out vote breaking down on along racial lines.
Sewell took a leave of absence in 2009 to run for Congress, where she'll be paid $174,000 a year. In November, after winning the 7th District seat being vacated by Rep. Artur Davis, Sewell returned to the law firm to transition her clients to other lawyers.
Her personal financial disclosure also lists her clients, all of whom paid her at least $5,000 for her work on bond issues and financing deals. They include Alabama State University, Tuskegee University, Lowndes County Board of Education, the city of Gadsden, Dallas County Water Authority, Alabama Department of Post secondary Education and several other public institutions from around the state.
Sewell also owns several 401k accounts and IRAs, and all dividends and interest are reinvested. She owns stock in three companies: Cisco Systems Inc. and General Electric Co., each worth between $1,000 and $15,000, and Coach Inc., worth between $50,000 and $100,000. Disclosure forms provide a range of dollar values, not exact amounts.
Sewell last year sold a Florida beach house that was valued between $250,000 and $500,000. She now lists a mortgage on a home in Seacrest Beach, Fla., for between $500,000 and $1 million.
Her personal financial disclosure form was filed in August 2009.
Oh well, maybe she's on a much deserved vacation in Florida or something. :)
5 comments:
It appears that Terri Sewell may be weak and unable to deal with the real politics in Alabama. Many say that she is in it for her own name and not really concerned with much else. Artur Davis has been saying much more than we have heard from Sewell. I don't fell that Sewell will miss a photo-op though.
Any ideas which committees that she is on?
and that house in Hoover ain't in the district.
So how can she run if it is not in her district?
Anon #1- Terri Sewells entire campaign was all about her...her accomplishdments....her parents..her job...it was never about the people. Which is why I weep for the residents of the 7th district.
Anon#2-No idea which committees Sewell is on...waiting on press release from Left in Alabama or Doc's Political Parlor.
Anon#3-Hoover is not in the 7th distict??!!! I'm shocked! Shocked I tell you! Not. Isn't it ironic the residents of the black belt have a representative that lives in Hoover?
Anon#4- Alabama has a law that says you don't have to live in the district you represent, you just have to live in the state. And we wonder why Alabama is a red, republican, confederate, state? I will note this issue was raised during the campaign but those of us who raised the issue were villified, and margiinlized and told to STFU and STFD.
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