Is it true that Michael Moore, the film maker, has a non-profit company that invests in...?

...pharmaceutical stocks?

A friend of mine said they heard someone on Hannity and Colmes or some other conservative show, say that Michael Moore, film maker, doesn't pay some of his employees and has a non-profit company that invests in pharmaceutical stocks. I personally found this hard to believe, but what is the truth of this statement?

Don Packard

3 Answers

  • 1 decade ago
    Favorite Answer

    "I don't own a single share of stock!" filmmaker Michael Moore proudly proclaimed.

    He's right. He doesn't own a single share. He owns tens of thousands of shares – including nearly 2,000 shares of Boeing, nearly 1,000 of Sonoco, more than 4,000 of Best Foods, more than 3,000 of Eli Lilly, more than 8,000 of Bank One and more than 2,000 of Halliburton, the company most vilified by Moore in "Fahrenheit 9/11."

    If you want to see Moore's own signed Schedule D declaring his capital gains and losses where his stock ownership is listed, it's emblazoned on the cover of Peter Schweizer's new book, "Do As I Say (Not As I Do): Profiles in Liberal Hypocrisy."

    And it's just one of the startling revelations by Schweizer, famous for his previous works, "Reagan's War" and "The Bushes."

    Other examples:

    * House Minority Leader Nancy Pelosi, who proclaims her support for unions, yet the luxury resort, the vineyard and the restaurants she partly owns are strictly non-union. While she advocates tough new laws enforcing environmental regulations on the private sector, the exclusive country club she partly owns failed to comply with existing environmental regulations for the past eight years – including a failure to protect endangered species.

    * Noam Chomsky has made a reputation for calling America a police state and branding the Pentagon "the most hideous institution on earth," yet his entire academic career, writes Schweizer, has been subsidized by the U.S. military.

    * Barbra Streisand is another proponent of environmentalism, yet she drives an SUV, lives in a mansion and has a $22,000 annual water bill. In the past, she has driven to appointments in Beverly Hills in a motor home because of her aversion to using public bathrooms.

    * Ralph Nader plays the role of the citizen avenger – the populist uninterested in wealth and materialism, pretending to live in a modest apartment. In fact, he lives in fancy homes registered in the names of his siblings.

    This is not just a book of "gotcha" journalism, explains Schweizer. He says the dozens and dozens of examples of "liberal hypocrisy" he cites in his book "are of central importance in evaluating the validity and usefulness of liberal ideas."

    "Using IRS records, court depositions, news reports, financial disclosures and their own statements, I sought to answer a particular question: Do these liberal leaders and activists practice what they preach?" he writes. "What I found was a stunning record of open and shameless hypocrisy. Those who champion the cause of organized labor had developed various methods to avoid paying union wages or shunned unions altogether.

    "Those who believe that the rich need to pay more in taxes proved especially adept at avoiding taxes themselves. Critics of capitalism and corporate enterprise frequently invested in the very companies they denounced. Those who espouse strict environmental regulations worked vigorously to sidestep them when it came to their own businesses and properties. Those who advocate steep inheritance taxes to promote fairer income distribution hid their investments in trusts or exotic overseas locales to reduce their own tax liability. Those who are strong proponents of affirmative action rarely practiced it themselves, and some had abysmal records when it came to hiring minorities. Those who proclaim themselves champions of civil liberties when it comes to criminal or terrorist cases went to extraordinary lengths to curtail the civil liberties of others when they felt threatened or just inconvenienced. Advocates of gun control had no problem making sure that an arsenal of weapons was available to protect them from dangerous criminals."

    Do As I Say (Not As I Do): Profiles in Liberal Hypocrisy (Paperback)

    by Peter Schweizer (Author)

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    From Publishers Weekly

    Working with a broadly inclusive pantheon of "the Left" that places Ralph Nader and Barbra Streisand on equal footing with Ted Kennedy and Hillary Clinton, Schweizer (The Bushes: Portrait of a Dynasty) suggests that liberalism's heroes conduct their lives in ways that prove their philosophy to be "ultimately self-defeating, self-destructive, and unworkable." While acknowledging that conservatives can be high-profile hypocrites as well, Schweizer employs a double standard, arguing that "when conservatives betray their publicly stated principles, they harm only themselves and their families," but when liberals misbehave, they harm their principles first and foremost. Sometimes his research uncovers significant contradictions, as when Schweizer points out tha

  • 4 years ago

    the guy's purely employing the 1st modification for what it is well worth. it is positive by ability of me. to date as patriot's are worried i think of the only ones in this usa left are people who do no longer vote. Our applicants as of previous due have come as we talk from the cesspool.

  • Anonymous
    1 decade ago


    Forgotten? Michael Moore's Invested in Pharmaceuticals and Healthcare

    By Dave Pierre | June 25, 2007 - 08:19 ET

    Michael Moore's new documentary, Sicko, challenges U.S. healthcare. Yet in the coverage of the film, some interesting facts about Moore appear to be ignored. These facts are addressed on page 53 of the bestselling book by Peter Schweizer, Do As I Say (Not As I Do):

    [Moore's] IRS forms make for interesting reading. Over the past five years, Moore's "savings account" has included such evil pharmaceutical and medical companies as Pfizer, Merck, Genzyme, Elan PLC, Eli Lilly, Becton Dickinson, and Boston Scientific. "Being screwed by your HMO and ill-served by pharmaceutical companies is a shared American experience," he recently told the Detroit News ... He may savage HMOs in his film Sicko, but he has also owned shares of Pharmacia Corporation and Tenet Healthcare. He may have liked their price-to-earnings ratio.

    Note: The first edition of Schweizer's book is dated November 2005.

    If any reviewers have mentioned the above facts in their reviews, I've missed it. If you've found one, maybe you can post the link to the review below.



    Michael Moore Owned Halliburton, Defense Stocks

    Jim Meyers

    Friday, Nov. 4, 2005

    Filmmaker Michael Moore has made a career out of trashing corporations and said he doesn't own any stocks due to moral principle.

    How then did author Peter Schweizer uncover IRS documents showing that Moore's very own foundation has bought stocks in some of America's largest corporations – including Halliburton, other defense contractors and some of the same companies he has attacked?

    In his blockbuster new book "Do As I Say (Not As I Do): Profiles in Liberal Hypocrisy," Hoover Fellow Schweizer reveals the glaring contradictions between the public stances and real-life behavior of prominent liberals including Al Franken, Ralph Nader, Ted Kennedy, Hillary Clinton and Nancy Pelosi. [Editor's Note: NewsMax has a free offer for "Do As I Say" – Go Here Now.]

    But he reserves some of his sharpest barbs for Moore.

    In his first documentary "Roger & Me," Moore skewered General Motors, Schweizer points out.

    # In "The Big One," he went after Nike and PayDay candy bars.

    # "Bowling for Columbine" was an attack on the American gun industry.

    # Oil companies played a major role in "Fahrenheit 911."

    # His upcoming film "Sicko" pillories drug companies and HMOs.

    # On his television shows "TV Nation" and "The Awful Truth," he criticized HMOs and defense contractors.

    He once said that major defense contractor Halliburton was run by a bunch of "thugs," and suggested that for every American killed in the Iraq war, "I would like Halliburton to slay one mid-level executive."

    Publicly, Moore has claimed he wants no part of these companies and won't own stock.

    In his book "Stupid White Men," he wrote: "I don't own a single share of stock."

    He repeated the claim in a 1997 letter to the online magazine Salon, saying: "I don't own any stock."

    Privately, however, he tells the IRS a different story, Schweizer discloses in his book.

    The year that Moore claimed in "Stupid White Men" that he didn't own any stock, he told the IRS that a foundation totally controlled by Moore and his wife had more than $280,000 in corporate stock and nearly $100,000 in corporate bonds.

    Over the past five years, Moore's holdings have "included such evil pharmaceutical and medical companies as Pfizer, Merck, Genzyme, Elan PLC, Eli Lilly, Becton Dickinson and Boston Scientific," writes Schweizer, whose earlier works include "The Bushes" and "Reagan's War."

    "Moore's supposedly nonexistent portfolio also includes big bad energy giants like Sunoco, Noble Energy, Schlumberger, Williams Companies, Transocean Sedco Forex and Anadarko, all firms that 'deplete irreplaceable fossil fuels in the name of profit' as he put it in ‘Dude, Where's My Country?'

    "And in perhaps the ultimate irony, he also has owned shares in Halliburton. According to IRS filings, Moore sold Halliburton for a 15 percent profit and bought shares in Noble, Ford, General Electric (another defense contractor), AOL Time Warner (evil corporate media) and McDonald's.

    "Also on Moore's investment menu: defense contractors Honeywell, Boeing and Loral."

    Does Moore share the stock proceeds of his "foundation" with charitable causes, you might ask?

    Schweizer found that "for a man who by 2002 had a net worth in eight figures, he gave away a modest $36,000 through the foundation, much of it to his friends in the film business or tony cultural organizations that later provided him with venues to promote his books and film."

    Moore's hypocrisy doesn't end with his financial holdings.

    He has criticized the journalism industry and Hollywood for their lack of African-Americans in prominent positions, and in 1998 he said he personally wanted to hire mino

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