Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, [9], 10 ] |
| Subject: a top halliburton executive started IAP (dis)services, that is a connetion! | |
|
Author: jw |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 10:38:59 03/12/07 Mon In reply to: Oropan 's message, "They are two separate conpanies whether you like it or not!! AND" on 10:23:19 03/12/07 Mon They bought MCI at bargain prices, and then sold it at a premium to verizon, mci should have been liquidated from the start, like most bankrupt companies, why the special treatment? >the MCI position was acquired AFTER MCI went bankrupt. >They bought the leftovers after that bankrupcy!!!! >Like I posted above....you guys don't have a clue what >you are talking about. > > > > > 16, 2003, the House Armed Services Committee >>>>>>voted to cut 10% of the Navy project's $1.6 >billion >>>>>>budget for the upcoming year. Federal lobbying >>>>records >>>>>>show that two months earlier, Cerberus hired its >>>>first >>>>>>lobbyist, the powerhouse firm Patton Boggs. ... >The >>>>>>firm's lobbyists for Cerberus included Laurence >>>>>>Harris, a former FCC staffer who would join MCI's >>>>>>board of directors that August; retired Marine >>>>colonel >>>>>>John Garrett; and Marcus Dunn, a former aide to >two >>>>>>members of the House Armed Services Committee. >>>>>>...Cerberus paid Patton Boggs $1.1 million for >>>>>>lobbying from 2003 to the middle of 2005, the last >>>>>>date that records are available. Separately, >>>Cerberus >>>>>>hired former senator Jake Garn, a Utah Republican, >>>as >>>>>>a lobbyist for $410,000 over the same period, >>>>lobbying >>>>>>records show. >>>>>> >>>>>>~snip~ >>>>>> >>>>>> >>>>>> >>>>>>href="http://cache.zoominfo.com/cachedpage/?archiv >e >>_ >>>i >>>>d >>>>>= >>>>>>0&page">http://cache.zoominfo.com/cachedpage/?arch >i >>v >>>e >>>>_ >>>>>i >>>>>>d=0&page ... >>>>>> >>>>>>*** >>>>>> >>>>>>Cerberis donated $100,000 at a single fundraiser >to >>>>>>Rep. Jerry Lewis, fmr. Chair of the House >>>>>>Appropriations Comm., who served as intermediary >to >>>>>>distribute money to fellow GOP lawmakers favored >by >>>>>>Cerberus >>>>>> >>>>>> >>>>>>href="http://www.usatoday.com/news/washington/2006 >- >>0 >>>1 >>>>- >>>>>1 >>>>>>9-cerb...">http://www.usatoday.com/news/washington >/ >>2 >>>0 >>>>0 >>>>>6 >>>>>>-01-19-cerb... >>>>>> >>>>>> >>>>>>Lewis' Future Leaders PAC gave $407,000 to 69 >House >>>>>>candidates in the 2004 election. The >>>Cerberus-related >>>>>>money was equal to nearly a third of that amount. >>In >>>>>>2003, the PAC collected $522,725 — a quarter of it >>>>>>connected to Cerberus. >>>>>>Boustany's 2004 campaign got $15,000 in >>>contributions >>>>>>from Lewis' Future Leaders PAC in three separate >>>>>>$5,000 contributions, according to Federal >Election >>>>>>Commission records. Lewis also kicked in another >>>>>>$2,000 from his own campaign in two separate >>>>>>contributions to Boustany's 2004 campaign. >Boustany >>>>>>picked up another $5,000 from Future Leaders PAC >in >>>>>>the current election cycle. >>>>>> >>>>>>But, Boustany also benefited from the >>Lewis/Cerberus >>>>>>relationship in another way: >>>>>>Lewis also got Cerberus to help with his >>fundraising >>>>>>for the National Republican Congressional >>Committee, >>>>>>the arm of the GOP that gives money to House >>>>>>candidates. Lewis said he invited Cerberus >>>executives >>>>>>to an April 2004 NRCC fundraiser he chaired that >>>>>>included a speech by President Bush. >>>>>> >>>>>>The NRCC got $70,000 in Cerberus-related donations >>>>>>during the first two weeks of April 2004, >including >>>>>>$25,000 from Cerberus founder Stephen Feinberg, >>>>>>records show. "I had been doing this for over a >>>dozen >>>>>>years, helping to raise money for our members," >>>Lewis >>>>>>said. "Others (candidates for Appropriations >>>>chairman) >>>>>>began to be helpful with fundraising, but that had >>>>>>been a recent and newfound interest of theirs." >>>>>> >>>>>>Federal Election Commission records show that the >>>>>>National Republican Congressional Committee spent >>>>>>$72,620 in coordinated spending on Boustany's 2004 >>>>>>campaign and another $96,593 on independent >>>>>>expenditures on behalf of Boustany's campaign. >Now, >>>>of >>>>>>course, the national parties raised millions of >>>>>>dollars for congressional races, so Boustany's >>share >>>>>>of that Cerberus/Lewis effort might well have been >>>>>>small through this particular channel. In any >>event, >>>>>>it was no where near as large as Cerberus's impact >>>on >>>>>>Future Leaders PAC dollars. >>>>>>Wilkes employed a lobbyist named Bill Lowery who >is >>>>>>unusually close with House Appropriations >Committee >>>>>>Chairman Rep. Jerry Lewis. Copley News Service >>>>>>conducted a three month investigation of their >>>>>>relationship: >>>>>>From powerful positions on the House >Appropriations >>>>>>Committee, California Rep. Jerry Lewis has >>>>>>greenlighted hundreds of millions of dollars in >>>>>>federal projects for clients of one of his closest >>>>>>friends, lobbyist and former state Congressman >Bill >>>>>>Lowery. >>>>>>Meanwhile, Lowery, the partners at his firm and >>>their >>>>>>clients have donated 37 percent of the $1.3 >million >>>>>>that Lewis’ political action committee received in >>>>the >>>>>>past six years…The Lewis-Lowery relationship, >>>>however, >>>>>>is remarkable for the closeness and mutual >>>>>>dependence…They’ve even exchanged two key staff >>>>>>members, making their offices so intermingled that >>>>>>they seem to be extensions of each other. >>>>>> >>>>>> >>>>>>Serberus founder Stephen Feinberg is reported to >>>have >>>>>>made particularly substantial donor to Republican >>>>>>organizations, with a 2004 contribution of $25,000 >>>to >>>>>>the RCCC. Feinberg also contributed $2000 to the >>>>>>Senate campaign that year of Connecticut Senator >>>>>>Joseph Liberman. >>>>>>href="http://209.85.165.104/search?q=cache:mH1tG59 >6 >>L >>>n >>>>8 >>>>>J >>>>>>:www.f...">http://209.85.165.104/search?q=cache:mH >1 >>t >>>G >>>>5 >>>>>9 >>>>>>6Ln8J:www.f... >>>>>> >>>>>> >>>>>> >>>>>>href="http://thehill.com/thehill/export/TheHill/Ne >w >>s >>>/ >>>>F >>>>>r >>>>>>ontpag...">http://thehill.com/thehill/export/TheHi >l >>l >>>/ >>>>N >>>>>e >>>>>>ws/Frontpag... >>>>>> >>>>>>In a plea agreement with prosecutors, Cunningham >>>>named >>>>>>four people who had conspired with him to commit >>the >>>>>>crimes. Although the plea agreement does not refer >>>to >>>>>>the co-conspirators by name, they are widely >>>believed >>>>>>to be Mitchell Wade, the former president of >>defense >>>>>>intelligence firm MZM Inc., Brent Wilkes, >president >>>>of >>>>>>defense contractor ADCS Inc., Tom Kontogiannis, a >>>New >>>>>>York real-estate developer, and an unnamed family >>>>>>member of Kontogiannis. >>>>>> >>>>>>Wade and Wilkes gave heavily to congressional >>>>>>Republicans in recent years, and now lawmakers >must >>>>>>decide whether to keep the campaign largesse. >>>>>> >>>>>>Wade, Wilkes, Kontogiannis and others remain under >>>>>>investigation, according to a statement made by >the >>>>>>lead federal prosecutor in the case, U.S. Attorney >>>>>>Carol Lam. >>>>>>Congressional ethics experts predict that one or >>>more >>>>>>of the co-conspirators would be charged, >especially >>>>>>because Cunningham has agreed to continue to >>>>cooperate >>>>>>with the investigation. >>>>>> >>>>>>“Given that they were both described as >>>>>>co-conspirators in the plea agreement and that the >>>>>>agreement calls for former Rep. Cunningham to >>>>>>cooperate in the investigation, it’s very likely >>>that >>>>>>both Mitchell Wade and Brent Wilkes will be >>>>indicted,” >>>>>>said Brett Kappel, an ethics lawyer at Vorys, >>Sater, >>>>>>Seymour and Pease LLP. >>>>>> >>>>>>Sen. Jim Talent (R-Mo.) has returned money from >>>>>>lobbyist Jack Abramoff, the center of another >>>>>>congressional ethics scandal, while Republican >>Reps. >>>>>>Jeb Bradley (N.H.), Kenny Hulshof (Mo.), Heather >>>>>>Wilson (N.M.) and Steve LaTourette (Ohio) gave >back >>>>>>contributions from DeLay after he was indicted in >>>>>>September. >>>>>>Republican Reps. Tom DeLay (Texas), John Doolittle >>>>>>(Calif.) and Jerry Lewis (Calif.) all received at >>>>>>least $30,000 in donations — either through their >>>>>>campaign committee or their leadership PACs — from >>>>>>Wade, Wilkes, their family members and their >>>>>>companies’ PACs over the past four years. These >>>>totals >>>>>>do not include individual contributions from >>>>employees >>>>>>of these firms. Early this year, Lewis became the >>>>>>chairman of the powerful House Appropriations >>>>>>Committee. Before that, he headed the defense >>>>>>appropriations subcommittee. Because of these >>>>>>high-profile roles, Lewis often receives more >>>>>>donations than most House members. Doolittle also >>>>sits >>>>>>on the Appropriations Committee. >>>>>> >>>>>>But Cunningham, who was simply a member of the >>>>defense >>>>>>appropriations subcommittee, received the most — >at >>>>>>least $66,000 during the same period. >>>>>>Rep. Duncan Hunter (R-Calif.), chairman of the >>Armed >>>>>>Services Committee, received just over $28,000, as >>>>did >>>>>>Rep. Virgil Goode (R-Va.). Rep. Jerry Weller >>>(R-Ill.) >>>>>>was the recipient of $20,000. >>>>>> >>>>>>Wilkes is a prominent Bush fundraiser, earning a >>>>>>designation as a “Bush pioneer” in 2004 for >raising >>>>>>more than $100,000. If Wilkes is indicted, he will >>>be >>>>>>the third Bush pioneer, after Abramoff and Ohio >>>>>>fundraiser Tom Noe, to be indicted this year. >>>>>> >>>>>>Wade resigned from MZM earlier this year. The >>>company >>>>>>was sold to a private equity firm in August. >>>>>> >>>>>> >>>>>>Senate Judiciary Committee Goes Into Closed >>Hearings >>>>>>to Discuss Firing of U.S. Attorney Who Prosecuted >>>CIA >>>>>>Contractor Case >>>>>> >>>>>>On Tuesday, Judiciary Committee member Arlen >>Specter >>>>>>revealed publicly that the committee he used to >>>Chair >>>>>>would be going behind closed doors to discuss >>>>>>still-classified details about the retaliatory >>>firing >>>>>>of U.S. Attorney Caroline Lam, who had >aggressively >>>>>>prosecuted the MZM Wade-Cunningham contracting >>case. >>>>>>(Source C-Span Radio, 03/05/2007, @ 7:20 pm). >>>>>> >>>>>>According to Specter, the Senate Judiciary >>Committee >>>>>>went into closed session to talk about an ongoing >>>TOP >>>>>>SECRET investigation that stems from the >Cunningham >>>>>>case. Three Hill Committees reached an agreement >>>with >>>>>>the Department of Justice to receive files >compiled >>>>by >>>>>>the U.S. Attorney’s office in San Diego, and are >>>just >>>>>>beginning to hold public hearings into the >unlawful >>>>>>dismissal of Lam. (See, generally, >>target=_blank rel=nofollow >>>target=_blank rel=nofollow >>>>target=_blank rel=nofollow >>>>>target=_blank rel=nofollow >>>>>>target=_blank >>>>>>href="http://thehill.com/leading-the-news/emanuel- >t >>a >>>n >>>>g >>>>>l >>>>>>es-wit">http://thehill.com/leading-the-news/emanue >l >>- >>>t >>>>a >>>>>n >>>>>>gles-wit ... ; >>>>>>href="http://www.signonsandiego.com/news/metro/200 >7 >>0 >>>1 >>>>1 >>>>>2 >>>>>>-9999">http://www.signonsandiego.com/news/metro/20 >0 >>7 >>>0 >>>>1 >>>>>1 >>>>>>2-9999 -... ; >>>>>>href="http://www.scoop.co.nz/stories/HL0605/S00125 >. >>h >>>t >>>>m >>>>>" >>>>>>>http://www.scoop.co.nz/stories/HL0605/S00125.htm< >/ >>a >>>> >>>> >>>>>> >>>>>>These closed hearings are most likely related to >>>>>>contracts that MZM had with CIA, including one >that >>>>>>led to the falsification of data about aluminum >>>tubes >>>>>>shipped to Iraq that allegedly were going to be >>used >>>>>>to reconstitute Saddam's nuclear program. That's >>>>>>right, those aluminum tubes, the one's that were >>>>>>falsely used by White House and Vice President to >>>>>>justify the invasion of Iraq. >>>>>> >>>>>>*** >>>>>> >>>>>>On background, it should be noted that Laura >>Rozen's >>>>>>WAR&PIECE column of December 11, 2005, "Wade, >>Wilkes >>>>>>and Bad Intelligence?" identified Mitchell Wade's >>>MZM >>>>>>defense contracting firm as a culprit in faulty >>>>>>intelligence generation that led to the Iraq >>>>invasion. >>>>>>See, >>>>>>href="http://www.warandpiece.com/blogdirs/003244.h >t >>m >>>l >>>>" >>>>>> >>>>>>http://www.warandpiece.com/blogdirs/003244.html >> >>>>>>A source cited by Rozen identified MZM as the >>>private >>>>>>contractor cited for support of an errant CIA Iraq >>>>WMD >>>>>>assessment used to justify the Bush >>Administration's >>>>>>argument for war. An MZM analysis erroneously >>>>>>concluded that aluminum tubes ordered by Saddam >>>>>>Hussein were intended for use in a clandestine >>>>nuclear >>>>>>fuel enrichment program that didn't exist. Rosen >>>came >>>>>>up with the extraordinary finding that consultants >>>>>>working for MZM and other intelligence contractors >>>>>>staffed the Robb-Silberman Commission that >>>>>>investigated the faulty Iraq WMD findings. >>>>>> >>>>>>*** >>>>>> >>>>>>During testimony in the Scooter Libby trial, we >>>>>>learned that Valerie Plame was involved in the >>>>>>aluminum tube issue within the CIA’s >>>>>>Counter-Proliferation Division (CPD), where she >>>>worked >>>>>>before being “outed” by Libby and others in the >>>White >>>>>>House and Vice President’s office. >>>>>> >>>>>> >>>>>>Dan Quayle is chair of new Leumi owner >>>>>Cerberus-Gabriel >>>>>> >>>>>> >>>>>>www.haaretzdaily.com/hasen/pages/ShArt.jhtml?itemN >o >>= >>>6 >>>>4 >>>>>5 >>>>>>... >>>>>>Dan Quayle is chair of new Leumi owner >>>>>Cerberus-Gabriel >>>>>>Ha’aretz 11/16/2005 >>>>>> >>>>>>Cerberus is chaired by former U.S. vice president >>>Dan >>>>>>Quayle. — The Cerberus-Gabriel group was led by >>>>>>Gabriel president J. Ezra Merkin, assisted by CPA >>>Avi >>>>>>Berger, the general manager of the Kesselman & >>>>>>Kesselman accounting firm, and attorney Yaakov >>>>>>Ne’eman. Stephen Feinberg, 45, a Jew from New York >>>>and >>>>>>the wunderkind of the hedge funds world who, >within >>>>20 >>>>>>years, turned a $10 million fund into a holding >>>>>>company whose companies have combined sales of $30 >>>>>>billion a year, is the founder and manager of >>>>Cerberus >>>>>>Global Investment. >>>>>> >>>>>>www.globes.co.il/serveen/globes/DocView.asp?did=10 >0 >>0 >>>0 >>>>2 >>>>>9 >>>>>>... >>>>>> >>>>>>Experts: Ultimate owners of Leumi unclear >>>>>>Globes 11/16/2005 >>>>>>Banking sources: US investor disclosure >regulations >>>>>>will cause Cerberus-Gabriel problems.— Ministry of >>>>>>Finance officials have declared a great victory in >>>>the >>>>>>Bank Leumi (TASE: LUMI) tender, but banking >>>>>>specialists are not so enthusiastic. They say that >>>>the >>>>>>victory wasn’t so great: the buyers (Cerberus >>>Capital >>>>>>Management LP and Gabriel Capital Management) are >>>too >>>>>>anonymous, their business isn’t transparent >enough, >>>>>>and, most of all, the saga is far from over…these >>>>>>owners have specific problems in connection with >>>>>>operating a bank in the US, and they are looking >>for >>>>>>indirect ways to operate there, perhaps without a >>>>>>banking license. >>>>>> >>>>>> >>>>>>(Can't get that top link to work yet -- Globe link >>>>>>requires registration and installation of their >>>>>>software. Found these links from: >target=_blank rel=nofollow >>target=_blank rel=nofollow >>>target=_blank rel=nofollow >>>>target=_blank rel=nofollow >>>>>target=_blank rel=nofollow >>>>>>target=_blank >>>>>>href="http://72.14.253.104/search?q=cache:0b_1KEnb >0 >>1 >>>U >>>>J >>>>>: >>>>>>www.wi">http://72.14.253.104/search?q=cache:0b_1KE >n >>b >>>0 >>>>1 >>>>>U >>>>>>J:www.wi ... ) >>>>>> >>>>>> >>>>>> >>>>>>DONALD RUMSFELD - CERBERUS INVESTOR >>>>>> >>>>>>During the tenure of former Secretary of Defense >>>>>>Donald Rumsfeld, the Pentagon awarded a large >>>>contract >>>>>>to the company at the center of the Walter Reed >>Army >>>>>>Hospital scandal. Rumsfeld may have financially >>>>>>benefited from it along with other major GOP >>>figures, >>>>>>including former Vice President Dan Quaile, and >>>>former >>>>>>Treasury Secretary Snow, who also invested in or >>are >>>>>>employed by, or received campaign contributions >>from >>>>>>the same Wall Street hedge fund that owns the >>>>company. >>>>>> >>>>>>In his last financial disclosure before becoming >>>>>>Defense Secretary, Rumsfeld revealed that he held >>>>>>shares in Cerberus, a large NY Hedge Fund that >>>>>>acquired International American Products, Inc. >>>>>>Worldwide Services. >>>>>>href="http://www.businessweek.com/magazine/content >/ >>0 >>>5 >>>>_ >>>>>4 >>>>>>0/b395...">http://www.businessweek.com/magazine/co >n >>t >>>e >>>>n >>>>>t >>>>>>/05_40/b395... >>>>>> >>>>>> >>>>>>Former Treasury Secretary John W. Snow is chairman >>>of >>>>>>the New York hedge fund that owns IAP >>>>>> >>>>>>DU Contributor, “Emit”, also played a significant >>>>role >>>>>>in researching and compiling this information >about >>>>>>Cerberus-IAP. Some of his research is found at >this >>>>DU >>>>>>subthread - >>>>>>href="http://www.democraticunderground.com/discuss >/ >>d >>>u >>>>b >>>>>o >>>>>>ard.ph...">http://www.democraticunderground.com/di >s >>c >>>u >>>>s >>>>>s >>>>>>/duboard.ph... >>>>>> >>>>>>Emit writes: >>>>>> >>>>>> >>>>>>Recall John Snow >>>>>>href="http://www.buzzflash.com/analysis/06/02/ana0 >6 >>0 >>>1 >>>>1 >>>>>. >>>>>>html">http://www.buzzflash.com/analysis/06/02/ana0 >6 >>0 >>>1 >>>>1 >>>>>. >>>>>>html from the Dubai Ports World deal? >>>>>> >>>>>>I didn't notice Snow's name in the "Leadership" or >>>>>>"Board" links at IAP's website, but this is an >>>>>>interesting explanation: >>>>>> >>>>>>Mr. Snow's Cerberus Capital Management LP owns >Cape >>>>>>Canaveral, Fla.-based IAP, which is led by former >>>>>>executives from Halliburton's engineering, >services >>>>>>and construction subsidiary KBR (formerly Kellogg, >>>>>>Brown & Root). KBR is currently the Army's sole >>>>>>contractor for providing food and shelter to the >>>>>>military in Iraq and Afghanistan. But the Army now >>>>>>wants multiple contractors for these services and >>>KBR >>>>>>is bidding again. Some defense analysts are >>>>predicting >>>>>>both KBR and IAP, which is run by former KBR >>>>>>executives, will each win one of the 10-year deals >>>>>>that start in 2007. >>>>>> >>>>>> >>>>>> >>>>>> >>>>>>href="http://www.politicalfriendster.com/rateConne >c >>t >>>i >>>>o >>>>>n >>>>>>.php?i">http://www.politicalfriendster.com/rateCon >n >>e >>>c >>>>t >>>>>i >>>>>>on.php?i ... >>>>>> >>>>>>More: >>>>>>~snip~ >>>>>> >>>>>>Cerberus has been shopping up a storm for a year >>>now, >>>>>>seemingly coming out of nowhere to build a >>corporate >>>>>>empire. With more than $16 billion of investors' >>>>>>assets on its books -- almost double what it had >in >>>>>>2003 -- it has bought 28 companies and snapped up >>>>>>stakes of at least 15% in an additional 15 over >the >>>>>>past decade. According to BusinessWeek estimates, >>>>>>Cerberus controls companies that ring up at least >a >>>>>>combined $30 billion in annual sales, more than >>>>>>McDonald's, 3M (AXP ), Coca-Cola (KO ), or Cisco >>>>>>Systems (CSCO ). With more than 106,000 employees, >>>>>>Cerberus companies have a bigger payroll than >Exxon >>>>>>Mobil Corp. (XOM ). Its trophies include 226 >Burger >>>>>>King restaurants, the National and Alamo >car-rental >>>>>>chains, building-products maker Formica Corp., and >>>>the >>>>>>old Warner Hollywood Studios, where blockbusters >>>such >>>>>>as Basic Instinct were made. Its companies connect >>>>>>BlackBerrys, provide medical therapy, and set up >>>>>>military-base camps in Iraq. >>>>>> >>>>>>PICKUP TRUCKS AND BUD >>>>>>The mind-boggling rise of Cerberus -- from a >fringe >>>>>>vulture fund started with a grubstake of about $10 >>>>>>million in 1992 to a Wall Street powerhouse -- has >>>>>>been driven by its enigmatic boss, Stephen A. >>>>>>Feinberg, 45. Like other hedge-fund managers and >>>>>>buyout kings, Feinberg has a penchant for secrecy, >>>>>>although his is more developed than most. While >>>>>>co-founder William L. Richter deals with >investors, >>>>>>and lieutenants such as former Vice-President Dan >>>>>>Quayle jet around the globe to seal deals, the >>>>>>mustached Feinberg keeps very much to himself in a >>>>>>nondescript office on the 22nd floor of a >high-rise >>>>on >>>>>>Manhattan's Park Avenue. >>>>>>~snip~ >>>>>> >>>>>> >>>>>>href="http://www.businessweek.com/magazine/content >/ >>0 >>>5 >>>>_ >>>>>4 >>>>>>0/b395">http://www.businessweek.com/magazine/conte >n >>t >>>/ >>>>0 >>>>>5 >>>>>>_40/b395 ... >>>>>> >>>>>> >>>>>>Created in 1992, Cerberus is a hedge fund, a type >>of >>>>>>private investment group that's not regulated by >>the >>>>>>Securities and Exchange Commission. It's named >>after >>>>>>the mythical, three-headed dog guarding the gates >>of >>>>>>Hades. >>>>>> >>>>>>Often called a "vulture fund," Cerberus invests >>>>mainly >>>>>>in companies in or on the verge of bankruptcy, >>>buying >>>>>>those firms' bonds in the hopes of converting them >>>>>>into cash or stock in a revived company. In 2000, >>>the >>>>>>company hired former vice president Dan Quayle as >a >>>>>>top executive. >>>>>> >>>>>>In 2003, Cerberus owned more than $140 million in >>>>>>stock and bonds of the bankrupt telecommunications >>>>>>giant WorldCom, financial records show. Its stake >>in >>>>>>the company, which had filed for bankruptcy >>>>protection >>>>>>the previous year, was large enough that a >Cerberus >>>>>>executive joined the board of directors of MCI, >the >>>>>>company's post-bankruptcy name. >>>>>>~snip~ >>>>>> >>>>>> >>>>>>href="http://www.usatoday.com/news/washington/2006 >- >>0 >>>1 >>>>- >>>>>1 >>>>>>9-cerb">http://www.usatoday.com/news/washington/20 >0 >>6 >>>- >>>>0 >>>>>1 >>>>>>-19-cerb ... >>>>>> >>>>>>Small firm targets Halliburton contracts >>>>>>November 4, 2006 >>>>>> >>>>>> >>>>>>ASSOCIATED PRESS >>>>>>A small defense contractor now controlled by >former >>>>>>Bush Treasury Secretary John W. Snow is taking on >>>>>>Halliburton Co. by bidding for one of three Army >>>>>>contracts worth up to $50 billion each to provide >>>>food >>>>>>and shelter to U.S. troops in Iraq and >>Afghanistan. >>>>>>Within days of Mr. Snow becoming chairman of the >>New >>>>>>York hedge fund that owns IAP Worldwide Services >>>>Inc., >>>>>>the company submitted its bid for huge Army >>>contracts >>>>>>that will be awarded by year-end. >>>>>>Mr. Snow's Cerberus Capital Management LP owns >Cape >>>>>>Canaveral, Fla.-based IAP, which is led by former >>>>>>executives from Halliburton's engineering, >services >>>>>>and construction subsidiary KBR (formerly Kellogg, >>>>>>Brown & Root). >>>>>>KBR is currently the Army's sole contractor for >>>>>>providing food and shelter to the military in Iraq >>>>and >>>>>>Afghanistan. But the Army now wants multiple >>>>>>contractors for these services and KBR is bidding >>>>>>again. Some defense analysts are predicting both >>KBR >>>>>>and IAP, which is run by former KBR executives, >>will >>>>>>each win one of the 10-year deals that start in >>>>2007. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: a top halliburton executive started IAP (dis)services, that is a connetion! | Oropan | 17:48:01 03/12/07 Mon |
|
||