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Friday
Jun202014

NHDP - Failed CEO Walt Havenstein Touts Endorsement from Failed Gov. Chris Christie

Turns Out Their Records Are Very Similar
 

Concord, NH– As failed CEO Walt Havenstein prepares to campaign tomorrow with failed Governor Chris Christie, Democratic leaders underscored their similar records of failed leadership, disastrous economic strategies and lack of job creation.
 
“It’s really quite fitting that Walt Havenstein would tout the endorsement of Governor Christie, as their records of failed leadership, disastrous economic strategies and lack of job creation are actually pretty similar,” said New Hampshire Democratic Party Chairman Raymond Buckley. “Under Christie’s watch, New Jersey’s economy has performed miserably and now leads the nation in the percentage of homes in foreclosure, while during Havenstein’s tenure as CEO, SAIC’s stock lost 32% of its value as the company experienced declining sales and profit. Their records on job creation are particularly terrible: New Jersey has regained less than half the jobs it lost in the recession, while SAIC shed thousands of jobs during Havenstein’s disastrous time as CEO.”
 
“It was already clear that Havenstein would be wrong for our state, but touting the endorsement of a Governor whose record of failed leadership and mismanagement is as bad as his own only reinforces that Havenstein would take our state in the wrong direction,” added Chairman Buckley.
 
“Chris Christie's scandalous behavior has made our state the laughingstock of the country while his failed economic policies have added injury to the insults, devastating middle class families,” said New Jersey Democratic Party Chairman John Currie. “Granite Staters should be wary of anyone celebrating the endorsement of Chris Christie – especially when that someone has a record of mismanagement and failed economic leadership that may even rival our Governor’s.”
 
Here’s an in-depth comparison of the failed records of Governor Chris Christie and Walt Havenstein:
 
Christie’s Record as Governor of New Jersey:

 

  • Lack of Job Creation: New Jersey has regained less than half the jobs it lost in the recession and the Star-Ledger reports, “the state is tied for 48th in private-sector job creation since 2010.” [Source: NHPR, June 7, 2014]
  • Failed Economic Strategy: “Christie hasn't been able to lift the state out of its malaise. He has failed to institute policies to help create jobs and stimulate new tax revenues.” [Asbury Park Press Editorial, May 22, 2014]
  • Koch Brothers Ties: David Koch introduced Christie as "my kind of guy" and "a true political hero" before Christie spoke at a Koch Brothers donor meeting [Source: Mother Jones, September 7, 2011]
  • Federal Investigations: Christie is under investigation by the U.S. Attorney for the District of New Jersey [Source: The Hill, January 9, 2014]

 
Havenstein’s Record as CEO of SAIC:
  • Lack of Job Creation: SAIC lost over 5,000 jobs during Havenstein’s tenure. [SAIC reported 46,200 employees in 2010. In 2012, SAIC reported 41,100 employees. Source: SEC.gov]
  • Failed Economic Strategy: "Havenstein, the previous chief executive, moved the company toward a more integrated approach [...] The company struggled under the strategy, watching its profit and revenue decline." [Source: Washington Post, August 30, 2012]
  • Koch Brothers Ties: Havenstein’s campaign manager, Matt Seaholm, was formerly an operative at the Koch Brothers’ main political arm, Americans for Prosperity.
  • Federal Investigations: SAIC was charged by the U.S. Attorney for the Southern District of New York during Havenstein's tenure and later agreed to pay $500 million in restitution and penalties to avoid prosecution. [Source: New York Times, March 14, 2012]

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