Weyerhaeuser

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Campaign to Fix the Debt
Company Profile
Company Name Weyerhaeuser
CEO Name Daniel Fulton
CEO Compensation $6,077,695
CEO Retirement Assets $9,059,697
Underfunded Company Pension -$1,127,000,000
Annual Company Revenue $6,216,000,000
Territorial Tax Break $7,700,000
Federal Lobbying/Political Donations ('09-'12*) $10,665,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

Weyerhaeuser describes itself as is one of the top forest products companies in the U.S. It produces lumber, plywood, and other building materials, corrugated boxes, industrial packaging, and with Domtar Corporation it produces copier paper. It also builds housing and master-planned communities. It owns 6.4 million acres of forest in the U.S. and it leases 30 million acres in Canada. [1]

Weyerhaeuser Company is an international forest products company with annual sales of $21.9 billion. According to CNN Money the company's 2011 revenues were $6.55 billion.[2] The company was founded in 1900 and currently employs about 41,000 people in 18 countries. It's been ranked in the Fortune 200 since 1956.[3]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Weyerhaeuser is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.

Personnel

Board of Directors

As of February 2013:[4]

Former board members include:[5]

Executive Management

As of February 2013:[6]

Key executives and pay for 2006:[7]

Former executives include:

Political contributions

Weyerhaeuser gave $376,000 to federal candidates in the 2006 election period through its political action committee - 24% to Democrats, 76% to Republicans. [8]

Lobbying

The company spent $1,275,000 for lobbying in 2006. $410,000 went to three outside lobbying firms with the remainder being spent using in-house lobbyists.[9]

Contact details

33663 Weyerhaeuser Way South
Federal Way, WA 98003
Phone: 253-924-2345
Fax: 253-924-2685
Web: [www.weyerhaeuser.com]

Resources and articles

Featured SourceWatch Articles on Fix the Debt

References

  1. Profile, Hoovers, accessed July 2007.
  2. Weyerhaeuser, "2011 Annual Report", organizational document, page 31.
  3. About, Weyerhauser, accessed December 11, 2007.
  4. Weyerhaeuser, "Board of Directors", organizational website, accessed February 2013
  5. Expire in 2010, Weyerhauser, accessed December 11, 2007.
  6. Weyerhaeuser, "Senior Officers", organizational website, accessed February 2013
  7. Key executives, Yahoo Finance, accessed July 2007.
  8. 2006 PAC Summary Data, Open Secrets, accessed July 2007.
  9. Weyerhaeuser lobbying expenses, Open Secrets.
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