The single largest unclaimed property check Kennedy ever issued was $1,026,000 to a retired New Orleans schoolteacher whose late husband's stocks had grown over decades.
Where this was said
At 24:50 · chapter starts 13:20
Kennedy opens up about his father Preston, a Depression-era child from an Oklahoma family of nine who left home at 14 to live with relatives near a town that had a high school, worked nights as a janitor to pay his way, earned a petroleum engineering degree from the University of Oklahoma, and came to Louisiana to work the oil fields — where he met Kennedy's mother. Preston served in World War II and told his son he'd never understand real love until he had a child of his own. Kennedy named his own son Preston. From there, Kennedy sketches his career arc: working for reform governors Buddy Roemer and Mike Foster, losing a race for attorney general, running the state tax department, and then serving 17 years as Louisiana treasurer managing roughly $4 billion in state money, bond issuances, and the state's unclaimed property program. The highlight of that tenure was handing a $1,026,000 check to a retired New Orleans schoolteacher whose late husband's stocks had compounded for decades without her knowledge — only to walk her outside and find 10 nieces and nephews waiting to receive her. [1] — John Kennedy "The biggest unclaimed property check Kennedy ever cut was $1,026,000 to a retired schoolteacher in New Orleans. Her late husband's stocks h…" 24:50
Kennedy served as Louisiana state treasurer for 17 years before winning election to the U.S. Senate, managing bond issuances, trust funds, and unclaimed property.
Kennedy managed approximately $4 billion in Louisiana state money as treasurer, investing idle cash in short-term instruments to generate returns.
The biggest unclaimed property check Kennedy ever cut was $1,026,000 to a retired schoolteacher in New Orleans. Her late husband's stocks had grown for decades unbeknownst to her. When Kennedy walked her out of his office, 10 nieces and nephews were waiting — and he knew every dollar was about to get spent.
John Kennedy has served as a U.S. Senator for Louisiana for 10 years, previously serving 17 years as state treasurer.
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