Insurance Career
In 1973 when he was 26, Daley first met with controversy involving his insurance career. At that time, the press made an issue of his father's decision to shift some of the city's insurance business to the Evanston, Illinois insurance firm with which John had business ties.
In 2003, Daley confirmed that he earned US$400,000 annually from insurance commissions. In 2005, a hired truck scandal involved a client of Daley who plead guilty in the bribes-for-work scandal. Several of Daley's 11th Ward organization political operatives were charged or accused of being involved in the situation. Daley, however, escaped direct involvement in the ordeal, which was investigated by United States Attorney Patrick Fitzgerald in a federal investigation.
Daley's business causes him many conflicts of interests in the course of business as a Commissioner on the Cook County Board. He frequently recuses himself or abstains from voting on various matters of business because of his extensive insurance network. Several of his clients do millions of dollars of business with the city and some are active in the city's hired truck program. In addition to his own clients, he is an officer in another insurance company that has no city government business.
Read more about this topic: John P. Daley
Famous quotes containing the words insurance and/or career:
“In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, woman’s premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, “until death doth part.””
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