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Doheny details income


Times Washington correspondent Marc Heller reports:

WASHINGTON — Matthew A. Doheny, the Republican challenger to Rep. William L. Owens, made more than $8 million in 2010 and the first nine months of this year, he reported to the House Clerk's Office.

Mr. Doheny received $7.9 million in deferred compensation from Fintech Investments Ltd., the Wall Street firm where he last worked before launching North Country Capital LLC earlier this year, his latest financial disclosure filed with the House shows.

The deferred compensation payment came on top of Mr. Doheny's salary of $462,956 from Fintech Advisory Inc., the filing shows.

Mr. Doheny's filing illustrates the sizable personal wealth that can help sustain his candidacy but which also creates a challenge for him as the public sentiment heading closer to the election season sours on income disparity in the country. Even moreso than Mr. Owens — who himself has counted his income in the six figures — Mr. Doheny's wealth contrasts with the relatively low incomes of people across the 23rd Congressional District.

Mr. Doheny has taken pains to connect more with the north country and less with Wall Street — the focus of protests not just in New York but around the country — including by creating the new investment firm and calling it North Country Capital.

In addition to his income, Mr. Doheny reported several million dollars in investments with banks, including Community Bank, Watertown Savings Bank and HSBC. Each of those assets was worth between $1,000,001 and $5 million, he reported, as was his investment in North Country Capital.

He reported capital gains from the North Country Capital investment totaling between $15,001 and $50,000.

He kept other money invested with J.P. Morgan Chase, between $250,001 and $500,000; YRC Worldwide Stock, between $100,001 and $250,000; Bridge Street Worldwide Stock, between $50,001 and $100,000; an Orricle Retirement Plan, between $15,001 and $50,000; his Fintech 401K account valued between $1,001 and $15,000; a Deutsche Bank cash pension account valued between $100,001 and $250,000; a retirement plan valued between $50,001 and $100,000; and B&M Holdings LLC, an Alexandria Bay real estate venture, between $250,001 and $500,000.

He also received income through teaching at Clarkson University and Jefferson Community College and through director's fees at Bridge Street Worldwide Inc., and YRC Worldwide Inc.

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