26
Okt
2005

Frist knew about stock buys, sales

Tennessean

10/25/05

Even after Senate Majority Leader Bill Frist set up blind trusts to manage his investments, the Tennessee Republican was informed that he and his children received hundreds of thousands of dollars of stock in HCA Inc., the health-care company his family founded. Records filed with the Senate show that trusts held for Frist and his children received as much as $2.3 million in HCA stock between January 2001, when Frist established blind trusts in an attempt to minimize conflicts of interest, and last June, when he ordered his trustees to sell all the stock he had left in the company. Most of the HCA stock was transferred into the blind trusts once family partnerships set up to manage substantial wealth that Frist's parents left to relatives were dissolved, a Frist adviser said...

//tinyurl.com/cbxoz


Informant: Thomas L. Knapp
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