Sunday, May 18, 2008

***PMC Profiles - Carlyle, BoozAllen, & Mike McConnell***

Who is the Carlyle Group?

The Carlyle Group is a private equity fund – a group of financial advisers that invests large sums of money from pension funds, large corporations, wealthy individuals and foreign banks into privately held companies in many different industries, and then run those companies until the market is right to sell them at a substantial profit. During the early years of the George W. Bush administration, it gained attention – and some notoriety – because of the large number of former high-ranking political figures it had attracted as advisers and managers. They included former President George H.W. Bush, former Secretary of State James Baker and former British Prime Minister John Major.

Shortly after the September 11, 2001, attacks on New York and Washington, Carlyle was in the news again when newspapers revealed that Osama Bin Laden’s family in Saudi Arabia – which owns one of the world’s largest construction companies – held a stake in the fund...

Shadowy Intelligence Agency

Booz Allen prides itself on the long-term personal relationships it has forged between its personnel and their government clients. “We stay for a lifetime,” Mark J. Gerencser, the senior vice president in charge of Booz Allen’s government contracting division, remarked in 2006. A quick study of their biographies posted on Booz Allen’s Website suggests that this is indeed true – the senior management have shuttled back and forth between the company and the government for their entire lives...

Michael McConnell

Booz Allen Hamilton’s most illustrious alumnus is Michael McConnell, the current Director of National Intelligence, the top spy job in the country, who epitomizes the term revolving door, spinning from government job to industry and back again.

McConnell was a senior Pentagon official during George Bush Senior’s administration and the first Gulf War, where he worked for Dick Cheney, then the Secretary of Defense, as the chief intelligence adviser to General Colin Powell, the chairman of the Joint Chiefs of Staff. Cheney was so impressed with McConnell’s work during the war that he appointed him to head the NSA in 1993 (he later intervened personally to convince McConnell to take the DNI job in 2007). He now oversees all 16 U.S. intelligence agencies, and thus much of Booz Allen’s government business...

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