||[Nov. 3rd, 2005|01:36 pm]
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."
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 minorities "who come from the working class."
In "Stupid White Men," he proclaimed his plans to "hire only black people."
But when Schweizer checked the senior credits for Moore's latest film "Fahrenheit 911," he found that of the movie's 14 producers, three editors, production manager and production coordinator, all 19 were white. So were all three cameramen and the two people who did the original music.
On "Bowling for Columbine," 13 of the 14 producers were white, as were the two executives in charge of production, the cameramen, the film editor and the music composer.
His show "TV Nation" had 13 producers, four film editors and 10 writers – but not a single African-American among them.