THE NEW CIA DIRECTOR, ADM. STANSFIELD TURNER HAS A NET WORTH OF $456,500

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP99-00498R000100080002-4
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 20, 2016
• Document Release Date: April 17, 2007
• Sequence Number: 2
• Publication Date: March 28, 1977
• Content Type: OPEN SOURCE

,v App~~__r~~v,ed For Release 2007/04117 : ~CIAH-RrpP99-00498R00
Y ;1~2TIC~ A.PPEAI~ THE WASHINGTO OS
~' 28 March 1977
~, ON PAGE ~~---'
c~i~~
The~newtClA director;:Adm. Stansfield Turner:".,.
has a net worth. of $456,500, according ~to records?-~.
filed with..,.the'Senate Intelligence Committee....
The admiral and 14Irs. Turner also managed, to .
reduce their taxes considerably last year,. even ,
though his Navy salary stayed about: the .same.
The Turners paid. $14,026 in federal income taxes
for 1974, but only. $3>?t61 for 1975. The reduction .
came frominvesting ~ a tax shelter, Teal. Petro-_
leum, Ltd., ~in Houston, which enabled Turner to
claim $25,000 in-losses for "intangible drilling and .
development.: costs." _
And Turner has turned back to the Navy in a
time of need: he's picked retired Cdr.' Herbert E.
Hetu to replace ?~ndrew Falkiewicz as assistant
to the director for press r John H. Chafee while
for former Navy Secretary
on active duty; and joined the double-dippers by