Kenneth Salazar
Ambassador to Mexico
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $5.8 M - $24.0 M
Salary
  • salary
    Unknown

Financial Disclosure Details - OGE Form 278e (04/05/2021)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Washington, District of Columbia
Partner/Senior Partner
Present
2
Minneapolis, Minnesota
Board of Directors
Present
3
Rochester, Minnesota
Public Trustee
Present
4
Conejos County, Colorado
Managing Member
Present
5
Bilbao, Spain, Outside U.S.
U.S. Expert
Present

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Wilmer Cutler Pickering Hale & Dorr LLP (law firm)
Partnership share
$3,489,255
2
Wilmer Cutler Pickering Hale & Dorr LLP Capital Account
$1,000,001 - $5,000,000
Interest
$15,001 - $50,000
3
Wilmer Cutler Pickering Hale & Dorr Defined Pension Plan
$500,001 - $1,000,000
None (or less than $201)
4
Target Corporation-Director Cash Fees
Director Fee Cash Payment
$128,194
5
Target Corporation- unvested RSUs-Director Fees
$1,000,001 - $5,000,000
None (or less than $201)
6
Target Corporation-unvested Stock Options- Director Fees
$250,001 - $500,000
None (or less than $201)
7
University of Idaho College of Law - October 22-23, 2019
Honorarium for lecture and meetings
$60,000
8
US bank #6 IRA
8.1
US bank #6 Money Market Account
$1,001 - $15,000
None (or less than $201)
8.2
iShares Core U.S. Aggregate Bond ETF
$50,001 - $100,000
None (or less than $201)

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
Washington, District of Columbia
The 2020 distribution amount will be calculated in the first quarter of 2021; the distribution will be paid on April 9, 2021; the distribution amount is based on the established formula in the partnership agreement. I will not receive any 2021 partnership share. Instead, I will receive a fixed rate of compensation based on services I render in 2021. Amounts owed to me for my 2021 services will be calculated at the time of my separation and paid prior to assuming the duties of the position.
6/2013
2
Washington, District of Columbia
I intend to take a lump sum distribution from this defined benefit plan and roll it into a retirement account.
6/2013
3
Minneapolis, Minnesota
Pursuant to the by-laws governing the Board of Directors, upon departure from the Board, Target will purchase the RSUs and Stock Options.
7/2013
4
Washington, District of Columbia
Pursuant to the partnership agreement, following my withdrawal from the firm, I will receive a lump-sum payment of my capital account. This payment will be calculated as of the date of my withdrawal.
6/2013

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
Washington, District of Columbia
Legal Services
2
Minneapolis, Minnesota
Board Member
3
St. Paul, Minnesota
Legal Services
4
The Woodlands, Texas
Legal Services
5
Rapid City, South Dakota
Legal Services
6
Rock Hill, South Carolina
Legal Services
7
San Ramon, California
Legal services
8
Ada, Oklahoma
Legal Services
9
Durant, Oklahoma
Legal Services
10
Houston, Texas
Legal services

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
USPBGC-Mexicana Airlines, defined benefit plan (value not readily ascertainable)
Spouse receives monthly payments.

Other Assets and Income

#
Description
Value
Type
Amount
1
US bank #1 (cash account)
$100,001 - $250,000
None (or less than $201)
2
US bank #2 (cash account)
$250,001 - $500,000
None (or less than $201)
3
US bank #3 (cash account)
$100,001 - $250,000
None (or less than $201)
4
US bank #4 (cash account)
$50,001 - $100,000
None (or less than $201)
5
US bank #5 (cash account)
$50,001 - $100,000
None (or less than $201)
6
Denver, CO Residential Rental Property
$250,001 - $500,000
Rent or Royalties
$201 - $1,000
7
OKE Ranch, LLC Conejos County, CO
$1,000,001 - $5,000,000
Grazing and hay sales
$53,230
8
New York Life Insurance (Whole Life)
$50,001 - $100,000
None (or less than $201)
9
Knights of Columbus Life Insurance (Whole Life)
$1,001 - $15,000
None (or less than $201)

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
Citibank-
$100,001 - $250,000
2018
5 years
2
Citibank
$100,001 - $250,000
2019
5 years
3
Citibank
$250,001 - $500,000
2017
Matures April 30, 2023
4
Alamosa State Bank
$500,001 - $1,000,000
2016
15 years
5
Alamosa State Bank
$250,001 - $500,000
2018
25 years
6
PennyMac
$100,001 - $250,000
2015
15 years
7
Wells Fargo
$15,001 - $50,000
2020
LOC--Open Ended
8
Reyes Garcia, Lana Garcia, and Tania Garcia
$500,001 - $1,000,000
2019
5 years

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
2
10
The 2020 distribution in the amount of $3,843,100 was received after the filing of this report.
4
15
This engagement is through Wilmer Cutler Pickering Hale & Dorr LLP.

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