7.05.2006

Blackwell Owned Diebold Stock...

Secretary of State Ken Blackwell made an embarrassing announcement Monday: He accidentally bought stock in Diebold Inc., a voting machine maker that benefited from decisions made by his office.

In a required filing with the Ohio Ethics Commission, the GOP gubernatorial hopeful said his hefty portfolio included 178 shares of Diebold stock, which sold for a loss.

"While I was unaware of this stock in my portfolio, its mere presence may be viewed as a conflict," Blackwell wrote in a letter that accompanies his annual financial disclosure statement.

In his duties as secretary of state, however, Blackwell's staff narrowed the list of companies eligible to replace Ohio's antiquated voting equipment with more modern technology. The Green-based Diebold made the cut, and a rival firm accused Blackwell of improperly favoring the Ohio company.

Diebold also drew the ire of critics after then-CEO Wally O'Dell sent a fund-raising letter in which he committed to deliver Ohio's electoral votes to President Bush in 2004.

LoParo maintains that Diebold's machines are safe and reliable and he described Blackwell's Diebold holdings as an honest mistake.

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