I’m not sure this is a voting issue for too many Democratic primary voters, but it is an issue that falls within McCord’s jurisdiction as Treasurer, and it’s a way for the former businessman to flash some anti-corporatist bona fides at labor liberals on an issue where the anti-privatization position actually makes sense.
Doug Dooling has the story:
McCord criticized the administration over payments to attorneys and private consultants. Corbett, McCord announced, used $3.4 million from the state Lottery Fund to pay advisors for the Fund’s privatization efforts.
“If that $3.4 million were a stack of $1 bills, it would be taller than the Comcast Building – the tallest building in Pennsylvania,” McCord quipped.
The funds were spent the following ways.
$2.36 million to DLA Piper, a Philadelphia law firm
$1 million to Greenhill and Co. LLC, an investment banking firm in New York City
$116,000+ to Blank Rome, another Philadelphia law firm