This report was published in July 2000. It should be considered outdated and is kept online for historical purposes only.

Please click the link below to see the latest information on the Bush Pioneer - Ranger Network

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Pioneer Profiles: George W. Bush's $100,000 Club
 
Name: Marshall B. Payne
Occupation: Vice President, Cardinal Investment Co.
Industry: Finance
Home: Dallas, TX

 
Political Contributions:
Bush Gubernatorial Races: 
 $20,000
Republican Hard Money: 
$9,000
Republican Soft Money: 
$0
Democratic Hard Money: 
$0
Democratic Soft Money: 
$0
Federal PAC Hard Money:
$0
Total Contributions:
$29,000
Soft Money from Employer:
$0
to Republicans:
$0
to Democrats:
$0
Payne is a partner in Cardinal Investment with Pioneer Edward “Rusty” Rose. This duo owns major stakes in Ace Cash Express (which cashes checks for the working poor for up to 6 percent of face value) and aviation and defense electronics firm Sierra Technologies. Payne and Rose were partners with Bush in the Texas Rangers deal that made Bush a millionaire 15 times over.
Much of this profit derived from a large equity stake that other partners in the investment gifted to Bush, as well as the $135 million that local taxpayers forked out for the Rangers’ new Ballpark in Arlington.
 

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