In total, Scott Peters’ household owns or has sold within the past year 141 stocks or investments each worth $2,000 or more, according to the statement of economic interest he filed today. The disclosure lists the family’s holdings in companies ranging from Johnson & Johnson, Best Buy electronic stores, Union Pacific railroad and the Gap clothiers. Based on the value ranges that Peters lists for the investments, the holdings are worth at least $22.2 million.
The breadth of investments has forced Peters to recuse himself from voting on some issues in the past, as officials are barred from making decisions involving certain companies in which they are financially interested.
Peters caught attention last year when it was reported that he had a stake in Marsh & McClellan, the parent company of the Kroll outfit that rang up a $20.3 million tab while conducting its probe of the city’s past finances. As a councilman, Peters was charged with voting on the expenditure.
Peters also reported receiving several gifts in the last year, including $60 in tickets to the downtown Mardi Gras celebration from the Gaslamp Quarter Association. Defense contractor SAIC, telecom giant AT&T, and Peters’ political consultant Tom Shepard treated him to various dinner events around town as well.
You can read Peters’ entire statement of economic interest here.