David Perdue
David Alfred Perdue Jr. is the senior United States Senator for Georgia, serving since 2015. He is a member of the Republican Party. Perdue ran for U.S. Senate in 2014, defeating Democratic nominee Michelle Nunn. He was linked to the 2020 Congressional insider trading scandal for allegations of STOCK Act violations.
About David Perdue in brief
David Alfred Perdue Jr. is the senior United States Senator for Georgia, serving since 2015. He is a member of the Republican Party. After 12 years as a management consultant, Perdue became the senior vice president for Reebok. He later joined PillowTex, a North Carolina textile company. He subsequently served as CEO of Dollar General. Perdue ran for U.S. Senate in 2014, defeating Democratic nominee Michelle Nunn. He was linked to the 2020 Congressional insider trading scandal for allegations of STOCK Act violations. The allegations arose after he sold stocks before the 2020 stock market crash using knowledge speculated to be from a closed Senate meeting. After reviews by the Senate Ethics Committee and the U. S. Department of Justice, perdue was not charged with any crimes. He will run for reelection in 2020 against Democratic candidate Jon Ossoff. As neither candidate received more than 50% of the vote in the November 3 election, they face each other in a January 2021 runoff election. His father, David Perdue Sr., was the elected superintendent of schools for Houston County, Georgia, from 1961 to 1980, where he oversaw the desegregation of the school system. His mother, Gervaise Wynn, was both schoolteachers. He married Bonnie Dunn in August 1972. They had a daughter who died in infancy and have two sons, David A. Perdue III and Blake Perdue, and three grandchildren. He started Perdue Partners, an Atlanta-based trading firm, with his former cousin, former Georgia governor Sonny Perdue.
He has two sons and a daughter-in-law, who lives in Sea Island, Georgia. His first major corporate job was asSenior vice president of Asia operations for Sara Lee Corporation, a position he took in 1992. He worked as a senior consultant for Indian chemical conglomerate Gujarat Heavy Chemicals Ltd. In April 2011, he started Per due Partners, a global trading firm with former Georgia-based governor, former governor, and his cousin, his uncle, the United States Secretary of Agriculture Sonny Per due. He left the company in 2003 after nine months on the job and USD 1. 7 million in compensation. After leaving Pillowtex, he joined the Dollar General he had recently overstated profits by USD 100 million and paid USD 162million to settle shareholder lawsuits. After initially closing hundreds of stores, the company doubled its stock price and opened 2,600 new stores. In 2007, he reportedly earned USD 42 million after the deal and other shareholders alleged that Perdue and other executives undersold millions of dollars to settle millions of shareholder lawsuits alleging that he and other execs overstated the company’s profits. In 2008, he was credited with arranging the sale of the company to private equity investors KKR. In 2010, he became the president and CEO of the Indian chemical and textile conglomerate, Gujarat Heavychemicals Ltd, a company he started with his cousin. In 2012, he left the firm to become the CEO of a textile conglomerate.
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This page is based on the article David Perdue published in Wikipedia (as of Dec. 27, 2020) and was automatically summarized using artificial intelligence.
