Move Over Car and Driver. EduCap Owns a Gulfstream IV?
Move Over Car and Driver. EduCap Owns a Gulfstream IV? [Kathryn Jean Lopez]
One of Tom Daschle's problem areas is his relationship to EduCap. From today's Times:
Mr. Daschle is still waiting for the Finance Committee to hold a hearing on his nomination. Members of the committee staff from both parties have been examining a number of other issues, including his relationship with EduCap, a student loan company.
Some members of the staff have also been asking whether Mr. Daschle should have registered as a lobbyist while working at the law firm Alston & Bird, which itself was registered as a lobbyist for EduCap and for many health care companies.
In his financial disclosure report, Mr. Daschle said he received compensation of more than $5,000 for providing “policy advice” to EduCap. The exact amount was not disclosed.
In reports to the Internal Revenue Service, EduCap says it does business as the Catherine B. Reynolds Foundation. The foundation is the principal underwriter of annual meetings held by the American Academy of Achievement, which has honored Mr. Daschle on several occasions.
In its report, the Finance Committee said its staff was still reviewing “whether travel and entertainment services provided to the Daschles by EduCap Inc., Catherine B. Reynolds Foundation” and the Academy of Achievement “should be reported as income.”
EduCap and the Reynolds Foundation could make for very colorful hearings, as this Washington Post piece from 2007 suggests: