Neel Kashkari reported receiving salary of more than $100,000 from Newport Beach-based Pacific Investment Management Co. last year, while holding no reportable investments, according to a financial disclosure filed Friday.
The Republican gubernatorial candidate's salary payment, the exact amount of which is not required to be disclosed, came in the form of a lump sum payment of stock Kashkari earned while at the firm, his campaign said. Kashkari left the job in January 2013.
Kashkari reported that in October, friends Lew and Kelly Jacobs gave him a baseball ticket worth $1,500 and a football ticket worth $100, and they paid $3,146 for a flight and hotel to attend the games. Kashkari's campaign said the baseball ticket was for a World Series game, and the football ticket to see the Cleveland Browns.
Kashkari's disclosure noted the gifts and travel payments were received before Kashkari became a candidate for governor "and are therefore reportable, but not subject to limits."
In June 2013, Accel-KKR, a Menlo Park-based private equity firm, paid $2,775 in flight, hotel and meals for Kashkari, who traveled to Denver to give a speech.
Kashkari, a former U.S. Treasury Department official and Goldman Sachs executive, has put his net worth at less than $5 million, not enough to self-finance his campaign.
His main Republican opponent, Peaks Assemblyman Tim Donnelly, previously reported stock of $100,000 or less in a variety of companies, including Green Mountain Coffee, Select Comfort Corp. Apple Inc. and Cabela's Inc. He held stock worth $10,000 or less in Smith & Wesson, the firearms manufacturer, but disposed of it last year.
As in past years, Gov. Jerry Brown, who is seeking re-election, reported considerable investments in real estate and retail. Brown and his wife, Anne Gust Brown, own more than $1 million in stock in Jack in the Box, the fast food company, and the governor reported an interest worth more than $1 million in Madison Park Holdings Inc., a developer and real estate manager.
The Democratic governor's smaller interests include stock in Health Fusion Inc., a medical office software company, and Gap Inc., where Gust Brown was once an executive.
The annual financial disclosures public officials file are less detailed than tax returns voters typically see in a gubernatorial election. Kashkari has volunteered to release tax returns for as many years as Brown will. For the first time in years, gubernatorial candidates in 2010 did not release tax returns, with Brown and his Republican opponent, Meg Whitman, disagreeing about how many years should be released.
PHOTO: Neel Kashkari, a Republican candidate for governor, speaks to reporters after addressing the Sacramento Press Club on March 6, 2014. The Sacramento Bee/David Siders