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: Re: a top halliburton executive started IAP (dis)services, that is a connetion! | |
|
Author: Oropan |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 17:48:01 03/12/07 Mon In reply to: jw 's message, "a top halliburton executive started IAP (dis)services, that is a connetion!" on 10:38:59 03/12/07 Mon He was an EX Haliburton employee and free to run any company he wants to. I see NO Haliburton connection. And they were the high bidder for bankrupt MCI. If it was such a deal, why didn't you bid for it! >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/?archi >v >>e >>>_ >>>>i >>>>>d >>>>>>= >>>>>>>0&page">http://cache.zoominfo.com/cachedpage/?arc >h >>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/200 >6 >>- >>>0 >>>>1 >>>>>- >>>>>>1 >>>>>>>9-cerb...">http://www.usatoday.com/news/washingto >n >>/ >>>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:mH1tG5 >9 >>6 >>>L >>>>n >>>>>8 >>>>>>J >>>>>>>:www.f...">http://209.85.165.104/search?q=cache:m >H >>1 >>>t >>>>G >>>>>5 >>>>>>9 >>>>>>>6Ln8J:www.f... >>>>>>> >>>>>>> >>>>>>> >>>>>>>href="http://thehill.com/thehill/export/TheHill/N >e >>w >>>s >>>>/ >>>>>F >>>>>>r >>>>>>>ontpag...">http://thehill.com/thehill/export/TheH >i >>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, >rel=nofollow >>>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/emanu >e >>l >>>- >>>>t >>>>>a >>>>>>n >>>>>>>gles-wit ... ; >>>>>>>href="http://www.signonsandiego.com/news/metro/20 >0 >>7 >>>0 >>>>1 >>>>>1 >>>>>>2 >>>>>>>-9999">http://www.signonsandiego.com/news/metro/2 >0 >>0 >>>7 >>>>0 >>>>>1 >>>>>>1 >>>>>>>2-9999 -... ; >>>>>>>href="http://www.scoop.co.nz/stories/HL0605/S0012 >5 >>. >>>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 >>> >>> >>>>>>>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?item >N >>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=1 >0 >>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_1KEn >b >>0 >>>1 >>>>U >>>>>J >>>>>>: >>>>>>>www.wi">http://72.14.253.104/search?q=cache:0b_1K >E >>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/conten >t >>/ >>>0 >>>>5 >>>>>_ >>>>>>4 >>>>>>>0/b395...">http://www.businessweek.com/magazine/c >o >>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/discus >s >>/ >>>d >>>>u >>>>>b >>>>>>o >>>>>>>ard.ph...">http://www.democraticunderground.com/d >i >>s >>>c >>>>u >>>>>s >>>>>>s >>>>>>>/duboard.ph... >>>>>>> >>>>>>>Emit writes: >>>>>>> >>>>>>> >>>>>>>Recall John Snow >>>>>>>href="http://www.buzzflash.com/analysis/06/02/ana >0 >>6 >>>0 >>>>1 >>>>>1 >>>>>>. >>>>>>>html">http://www.buzzflash.com/analysis/06/02/ana >0 >>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/rateConn >e >>c >>>t >>>>i >>>>>o >>>>>>n >>>>>>>.php?i">http://www.politicalfriendster.com/rateCo >n >>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/conten >t >>/ >>>0 >>>>5 >>>>>_ >>>>>>4 >>>>>>>0/b395">http://www.businessweek.com/magazine/cont >e >>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/200 >6 >>- >>>0 >>>>1 >>>>>- >>>>>>1 >>>>>>>9-cerb">http://www.usatoday.com/news/washington/2 >0 >>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 |
| YEs all members of the same brotherhood of bush supporters and donors | Bev | 18:37:34 03/12/07 Mon |