VIDEO: Tim Sheehy Ignores Questions About Abrupt Resignation From His Company
FOR IMMEDIATE RELEASE
Wednesday, August 14, 2024
CONTACT
rehm@mtdems.org
Helena, MT – Was Tim Sheehy pushed out of his CEO role? Will he divest from Bridger Aerospace? Sheehy refuses to answer those questions.
At a recent campaign stop, Sheehy was asked why he was pushed out of Bridger Aerospace and if he would sell his company shares if elected to the Senate. Sheehy ignored her questions.
Sheehy is facing renewed scrutiny for lying about his business success after new investigative reporting revealed that:
Sheehy’s company is hemorrhaging cash, while he pockets multimillion-dollar bonuses. Sheehy has claimed that, “as a small business owner, you know, you don’t balance the budget in your business, you don’t get paid.” But the Washington Post reported that as his company reported $77 million losses, “Sheehy has received millions of dollars in compensation” – including multimillion-dollar bonuses.
On Sheehy’s watch, his company falsely certified itself as a “socially and economically disadvantaged company” in “seeking to win contracts,” as reported by NBC News. Sheehy’s company is funded almost entirely by government contracts.
The largest investor in Sheehy’s company, Blackstone, is now cashing out and bailing on the company. Two Blackstone board members resigned shortly before Tim Sheehy abruptly resigned as CEO.
Sheehy falsely claimed he “bootstrapped” his company, despite taking hundreds of thousands of dollars in startup cash from his family.
At a time when Montanans deserve answers about Sheehy’s conflicts of interest and business record, his silence speaks volumes.
SEE ALSO:
NBC News: Tim Sheehy may turn the Senate red. But is he really a successful businessman?; Washington Post: Montana GOP Senate candidate touts his business. It’s losing millions; Billings Gazette: Tim Sheehy vacates leadership roles at Bridger Aerospace; Montana Free Press: U.S. Senate hopeful’s company reported losses of more than $77 million in 2023; Daily Montanan: Tim Sheehy’s former employees sue over alleged breach of contract; NBC Montana: Unpacking criticism of Sheehy’s blind trust pledge; Bloomberg Gov: Key GOP Senate Recruit Seeks Job Overseeing His Largest Customer; Daily Beast: GOP Star Tim Sheehy Forgot to Mention the Family Money in His ‘Self-Made’ Success Story
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