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Jackson Stephens: Stephens Family
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Stephens is chair of Stephens Inc., a giant Little Rock-based investment firm. He was a major underwriter of Bill Clinton’s presidential campaign. Stephens Inc. was one of the original partners in the company that developed the East Liverpool incinerator. Earlier this year, the Nation magazine reported that Stephens "extended a $3.5 million line of credit to [Clinton’s] campaign through the Worthen Bank, which is partly owned by the Stephens family. The Clinton campaign deposited up to $55 million in federal election funds in this bank." "The man now ultimately responsible for EPA decisions on WTI is Deputy Administrator Robert Sussman, a law school classmate of Bill and Hillary Clinton," the Nation reported. "Sussman previously acted as legal counsel to the Chemical Manufacturers Association, at a time when two of its biggest clients, DuPont and BASF , were negotiating contracts to supply two-thirds of the waste to WTI."
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Stephens' ... had strong ties to previous presidents and was a major contributor to the Republican party. In 1991, Stephens had arranged a bail-out for a small Texas oil company on the verge of bankruptcy, according to the Wall Street Journal. One of the company's directors and stockholders was George W. Bush, now the leading Republican candidate for president. The Stephens family also contributed to the campaign that won him his current job, Governor of Texas.
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Steve Stephens, who served on the Board for The Club for Growth in 2004, and the Stephens family have donated some $1.4 million to the Club for Growth. Stephens has ranked consistently among Club for Growth’s leading donors, according to disclosure filings. In the 2004 election cycle, his $ 800,000 in contributions made him Club for Growth’s No. 1 benefactor, ahead of better-known business figures such as Robert McNair, owner of the Houston Texans, and Richard Scaife of Tribune-Review Publishing.
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