Investment Banker Mike McFadden is trying to distract from the fact that his company worked on a deal that resulted in more than 400 workers losing their jobs. We know this because his company, Lazard Middle Market, took credit for it on its website while Mike McFadden was still CEO.
“When Al Franken arrived in office at the U.S. Senate several months after he was elected, the recount over and the job finally no longer in limbo, the Minnesota Democrat wasted no time — he put his head down and got to work.”
Last May, on his second day as a Senate candidate, McFadden tried to claim his company played no role in the debt restructuring of NewPage Corporation that resulted in 300 workers, including 13 Minnesotans, losing their jobs.
Investment banker Mike McFadden could not explain at today’s WCCO-TV debate why his company, Lazard Middle Market, suddenly scrubbed all mentions of its work on the Smurfit-Stone Container Corporation restructuring deal featured in the Franken campaign’s new ad, “Wasteland,” which details the devastation that occurred as a result of the deal.
Sen. Al Franken kicked off the final week of his re-election campaign this morning by winning the WCCO-TV debate, highlighting his record of working across party lines to deliver concrete, bipartisan results for Minnesotans and clearly defining the choice before voters this election.
Investment banker Mike McFadden’s business made millions on a merger that moved a U.S. company overseas. McFadden tries to deflect criticism for this deal by saying his business didn’t represent the American company, they represented the Irish company. But the facts speak for themselves.