Kashkari files disclosures on income, gifts

PoliticsElectionsFinanceBusinessJerry BrownSt. Louis Cardinals

SACRAMENTO -- Republican candidate for governor Neel Kashkari received more than $100,000 in income last year from his previous job at Pacific Investment Management Co., according to new financial disclosure paperwork filed on Friday.

Kashkari also reported receiving a number of gifts, most before he became a candidate.

He was in St. Louis for the third game of the World Series last October, where he watched the Boston Red Sox beat the St. Louis Cardinals from a $1,500 seat. The next day he went to a football game in Kansas City, a ticket worth $100.

His tickets and $3,146 in travel costs were paid for by Lew Jacobs, a friend from PIMCO, and his wife.

Kashkari also received a $150 baseball ticket from the Hispanic 100, a San Clemente-based leadership group, and a $75 ticket to a holiday party organized by an antipoverty group in San Francisco.

The Los Angeles Chamber of Commerce gave him a $100 ticket to its inaugural dinner in January. Plus, a private equity firm specializing in technology investments, Accel-KKR, paid Kashkari $2,775 in travel costs for him to give a speech in Denver at a corporate retreat.

In an interview, Kashkari said candidates should be required to disclose more financial information. He said federal rules, which he had to follow while working at the U.S. Treasury, were stricter.

Kashkari offered to release his tax returns if Gov. Jerry Brown, a Democrat, does the same.

“Let’s put all our cards on the table,” he said.

Brown's supporters have tried to paint Kashkari, who oversaw the controversial bank bailout while working for the Treasury, as a rich banker trying to buy his way into California politics.

Kashkari, who has estimated his own wealth at less than $5 million, said the description is "hilarious."

“I’m certain that Gov. Brown is worth far more than I’m worth," he said.

A Brown campaign spokesman, Dan Newman, said he did not know the governor's personal wealth, and he did not respond to Kashkari's challenge for both candidates to release their tax returns.

Newman said Brown has "lived a life of service" while Kashkari has spent his career in "the world of Wall Street."


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