The Charlotte Observer
Monday, April 14, 2008
www.charlotte.com

Hayes invested in defense firms

By Lisa Zagaroli

The Center for Responsive Politics says Hayes ranks third in Congress when it comes to being heavily invested in defense-related companies.Hayes has between $9 million and $37 million of his personal assets invested in companies that have defense contracts, more than anyone except Sen. John Kerry, D-Mass., and Rep. Rodney Frelinghuysen, R-N.J.

Of course, it helps that Hayes is the eighth richest member of Congress, according to the nonprofit group that tracks money in politics. It estimates the textile heir's net worth at between $32 million and $132 million, according to 2006 financial disclosure forms that report lawmakers' assets in value ranges rather than specific amounts.