His voters will deeply regret not doing their own research.
Here are 7+1 reasons why:
“I have pondered for years, how they [Carlyle Group] achieved this unbelievable performance during their private equity years. Part of the answer had to be in Carlyle’s connections. Over the years, they hired former Secretary of Defense Frank Carlucci, George HW Bush, James Baker, John Major (former British Prime Minister) and numerous others. “Bedford Bulletin
by Eric Leser
Le Monde – April 29, 2004
The biggest private investor in the world, deeply entrenched in the weapons’ sector, is a discreet group that cultivates dealings with influential men, including Bush father and son.
One year ago, May 1, 2003, George Bush, strapped up in a fighter pilot’s suit, landed on the deck of the aircraft carrier USS Abraham-Lincoln along the coast of California. The image became famous. Under a banner proclaiming “Mission Accomplished”, the president prematurely announced the end of military operations in Iraq and his victory. Back on dry land the next day, he made another martial speech, not far from San Diego, in a United Defense Industries’ weapons factory.
This company is one of the Pentagon’s main suppliers. It manufactures, among other things, missiles, transport vehicles, and the light Bradley armored vehicle. Its main shareholder is the biggest private investor in the world, a discreet group, called Carlyle.
It’s not listed on the stock market and doesn’t have to show its accounts to any but its 550 investors- billionaires or pension funds. Carlyle manages eighteen billion dollars today, invested in defense and high tech (notably biotech), space, security-linked information technology, nanotechnologies, and telecommunications. The companies it controls share the characteristic that their main customers are governments and administrations. As the company wrote in its brochure: “We invest in the opportunities created in industries strongly affected by changes in government policy.”
Carlyle is a unique model, assembled at the planetary level on the capitalism of relationships or “capitalism of access” to use the 1993 expression of the American magazine New Republic. Today, in spite of its denials, the group incarnates the “military-industrial complex” against which Republican President Dwight Eisenhower warned the American people when he left office in 1961.
That didn’t prevent George Bush senior from occupying a position as consultant to Carlyle for the ten years ending October 2003. It was the first time in United States’ history that a former president worked for a Pentagon supplier. His son, George W. Bush, also knows Carlyle well. The group found him a job in February 1990, while his father occupied the White House: administrator for Caterair, a Texas company specialized in aerial catering. The episode does not figure in the president’s official biography. When George W. Bush left Caterair in 1994, before becoming Governor of Texas, the company was in bad shape.
“It’s not possible to get closer to the administration than Carlyle is,” asserts Charles Lewis, Director of the Center for Public Integrity, a non-partisan organization in Washington. “George Bush senior earned money from private interests that worked for the government of which his son was president. You could even say that the president could one day profit financially, through his father’s investments, from the political decisions he himself took,” he adds.
The collection of influential characters who now work, have worked, or have invested in the group would make the most convinced conspiracy theorists incredulous. They include among others, John Major, former British Prime Minister; Fidel Ramos, former Philippines President; Park Tae Joon, former South Korean Prime Minister; Saudi Prince Al-Walid; Colin Powell, the present Secretary of State; James Baker III, former Secretary of State; Caspar Weinberger, former Defense Secretary; Richard Darman, former White House Budget Director; the billionaire George Soros, and even some bin Laden family members. You can add Alice Albright, daughter of Madeleine Albright, former Secretary of State; Arthur Lewitt, former SEC head; William Kennard, former head of the FCC, to this list. Finally, add in the Europeans: Karl Otto Poehl, former Bundesbank president; the now-deceased Henri Martre, who was president of Aerospatiale; and Etienne Davignon, former president of the Belgian Generale Holding Company.Le Monde – April 29, 2004
Carlyle isn’t only a collection of power people. It maintains holdings in close to 200 companies and, above all, provides returns on its investments that have exceeded 30 % for a decade. “Compared to the five hundred people we employ in the world, the number of former statesmen is quite small, a dozen at most,” explains Christopher Ullmann, Carlyle Vice-President for communication. “We’re accused of every wrong, but no one has ever brought proof of any kind of misappropriation. No legal proceeding has ever been brought against us. We’re a handy target for whoever wants to take shots at the American government and the president.”
Carlyle was created in 1987 in the salons of the New York eponymous palace, with five million dollars. Its founders, four lawyers, including David Rubenstein (a former Jimmy Carter advisor), had the -limited- ambition at the time of profiting from a flaw in fiscal legislation that authorized companies owned by Eskimos in Alaska to give their losses to profitable companies that would thus pay reduced taxes. The group vegetated until January 1989 and the arrival at its helm of the man who would invent the Carlyle system, Frank Carlucci. Former Assistant Director of the CIA, National Security Advisor, then Ronald Reagan’s Defense Secretary, Mr. Carlucci counted in Washington. He is one of current Defense Secretary Donald Rumsfeld’s closest friends. They were roommates as students at Princeton together. Later, their paths crossed in several administrations and they even worked for a time at the same company, Sears Roebuck.
Six days after officially quitting the Pentagon, January 6, 1989, Frank Carlucci became Carlyle’s Director General. He brought trusted lieutenants from the CIA, the State Department, and the Defense Department with him. Nicknamed “Mr. Clean”, Frank Carlucci has a sulfurous reputation.
This diplomat was posted during the 1970s to countries such as South Africa, the Congo, Tanzania, and Portugal, where the United States and the CIA had played a questionable political role. He was the number two at the American embassy in the Belgian Congo in 1961 and was suspected of being implicated in the assassination of Patrice Lumumba. He has always firmly denied it. The American press has also accused him of being implicated in several cases of arms trafficking in the 1980s, but he has never been prosecuted. For a while, he directed Wackenhut, a security company with a hateful reputation, implicated in one of the biggest espionage scandals ever, the hijacking of Promise software. Frank Carlucci had the mission of cleaning up after the Iran-Contra affair in the Reagan administration and he succeeded John Pointdexter as National Security Advisor. As he took over his new position, he chose a young general to be his assistant… Colin Powell.
Frank Carlucci’s name attracted capital to Carlyle. In October 1990, the group took over BDM International, which participated in the “Star Wars” Program and constituted a bridgehead to it. In 1992, Frank Carlucci allied himself with the French group Thomson-CSF to take over LTV’s aerospace division. The operation failed, Congress opposing the sale to a foreign group. Carlyle found other associates, Loral and Northrop, and got hold of LTV Aerospace, quickly renamed Vought Aircraft, which contributed to the manufacture of the B1 and B2 bombers.
At the same time, the fund was multiplying its strategic acquisitions, such as Magnavox Electronic Systems, a pioneer in radar imagery, and DGE, which owns the technology for cruise missile electronic relief maps.
Three companies specializing in nuclear, chemical, and biological decontamination (Magnetek, IT Group and EG & G Technical Services) followed. Then, through BDM International, a firm linked to the CIA, Carlyle acquired Vinnell, which was among the first companies to supply the American army and its allies with private contractors, i.e. mercenaries. Vinnell’s mercenaries train the Saudi armed forces and protect King Fahd. During the first Gulf War, they fought alongside Saudi troops. In 1997, Carlyle sold BDM and Vinnell, which had become too dangerous. The group didn’t need it any more. It had become the Pentagon’s eleventh biggest supplier by gaining control of United Defense Industries that same year.
Carlyle emerged from the shadows in spite of itself on September 11, 2001. That day, the group had organized a meeting at Washington’s Ritz Carlton Hotel with five hundred of its largest investors. Frank Carlucci and James Baker III played masters of ceremony. George Bush senior made a lightning appearance at the beginning of the day. The presentation was quickly interrupted, but one detail escaped no one. One of the guests wore the name bin Laden on his badge. It was Shafiq bin Laden, one of Osama’s many brothers. The American media discovered Carlyle. One journalist, Dan Briody, wrote a book about the group’s hidden side, “The Iron Triangle”, and takes an interest in the close relations between the Bush clan and the Saudi leadership.
Some ask about George Bush senior’s influence on American foreign policy.
In January 2001, while George Bush junior was breaking off negotiations over missiles with North Korea, the dismayed South Koreans intervened with his father. Carlyle has important interests in Seoul. In June 2001, Washington resumed discussions with Pyongyang.
Another example: in July 2001, according to the New York Times, George Bush senior telephoned Saudi Prince Abdullah who was unhappy with the positions the president took on the Israeli-Palestinian conflict. George Bush senior reassured the prince that his son “is doing good things” and “has his heart in the right place.”
Larry Klayman, Director of Judicial Watch, a resolutely conservative organization, demands that “the president’s father resign from Carlyle. The group has conflicts of interest that can create problems for American foreign policy.” Finally, in October 2003, George Bush senior leaves Carlyle, officially because he’s nearing eighty years old.
It doesn’t matter that Carlyle put an end to all relations with the bin Laden family in October 2001; the evil was already done. The group, along with Halliburton, has become the target of Bush administration opponents.
“Carlyle has replaced the Trilateral Commission in conspiracy theories,” David Rubenstein acknowledged in a 2003 Washington Post interview. For the first time, the group put someone in charge of communications and changed its boss. Frank Carlucci became honorary president and Lou Gerstner, a respected executive who saved IBM, officially took the reins.
That operation seems mostly cosmetic. Mr. Gerstner doesn’t spend much time in his office; but Carlyle wants to become respectable.
The Group has created an Internet site. It has opened certain funds to investors bringing “only” 250,000 dollars (210,000 euros). It will have reduced its holdings in United Defense Industries, and asserts that defense and aeronautics represent no more than 15 % of its investments.
However, Carlyle continues to make intensive use of fiscal havens and it’s difficult to know the names of the companies it controls or its perimeter.
Carlyle is also increasing its efforts in Europe. In September 2001, it took control of the Swedish weapons manufacturer Bofors through United Defense. Subsequently, it tried, unsuccessfully, to take over Thales Information Systems and, in the beginning of 2003, to acquire those parts of France Telecom that are in Eutelsat, which plays an important role in the European Positioning System by Galileo satellite – a competitor of the American GPS. From 1999 to 2002, it managed a holding in Le Figaro. In Italy, it made a breakthrough, by taking up Fiat’s aeronautics subsidiary, Fiat Avio. This company is a supplier to Arianespace and allows Carlyle to be part of the European Rocket Council. In another coup in December 2002, Carlyle bought a third of Qinetic, the private subsidiary of the British military’s Research and Development Center. Qinetic occupies a unique advisory role with the British government.
“To anticipate the technologies of the future and the enterprises which will develop them is our first role as an investor. Pension funds bring us their money for that. You can’t blame us for trying to take strategic positions,” Mr. Ullmann stresses.
Translation: t r u t h o u t French language correspondent Leslie Thatcher.
WED, 04 DECEMBER 2002
Sale of a Stake in QinetiQ PLC to The Carlyle Group
London – The Ministry of Defence has agreed the terms under which The Carlyle Group will become its strategic partner to assist in the future development of QinetiQ, Defence Minister Lewis Moonie announced today.
Dr Moonie said: “The strategic partnership with The Carlyle Group keeps QinetiQ on course to become a leading science and technology company that aspires to be the envy of the world. The Carlyle Group shares our vision for the future of QinetiQ and is well placed to support the management team in building a company, which we expect to flourish commercially, based on its commitment to excellence.”
“QinetiQ will remain a British company based in the UK. MOD will retain a Special Share in the business to ensure that the nation’s defence and security interests continue to be protected. There will also be robust safeguards to prevent conflicts of interest and to ensure that the integrity of the Government’s procurement process is not compromised”.
“This is good news for taxpayers, who will benefit from the immediate sale proceeds as well as from QinetiQ’s potential increase in value over time. And it is good news for QinetiQ’s employees who will have the opportunity to invest in the future of the business through a staff equity scheme and will each receive a small free allocation of share options. Today’s announcement marks a new future for science and technology in Britain.”
The sale follows MOD’s decision in March this year to seek a strategic partner to invest in QinetiQ, and the selection of The Carlyle Group as preferred bidder in September. The transaction values QinetiQ at around £500m. Following adjustments to reflect current assets and liabilities, MOD will receive between £140 and £150m from the transaction (the final amount will depend on the company’s exact financial position at completion), in addition to £50m already received from QinetiQ as part of the purchase price for its assets. Subject to the satisfactory fulfilment of a number of final conditions, formal completion of the sale process is expected early in the New Year,
Carlyle will acquire a 33.8% economic interest in QinetiQ with a further 3.7% of the shares to be made available for the employees. MOD’s retention of a 62.5% current stake in the business will ensure that the taxpayer shares in the benefits of the growth in QinetiQ, which we anticipate will follow the introduction of a strategic partner. The MOD plans to sell its entire stake in QinetiQ within 3-5 years, probably through a flotation on the stock market.
Management control and responsibility for setting future commercial strategy will now lie with QinetiQ and The Carlyle Group, allowing them to make appropriate decisions to grow the value of the business. MOD will retain those rights which are conventional for a major shareholder.
QinetiQ’s Board of Directors, chaired by Dame Pauline Neville-Jones, will be augmented by the appointment of two Carlyle nominees – Glenn Youngkin, a Managing Director of The Carlyle Group, and Sir Denys Henderson. MOD also has the right to appoint two non-executive directors.
Sir John Chisholm, QinetiQ’s Chief Executive commented: “Working together, QinetiQ and The Carlyle Group will be a strong team with complementary experience. We can now be even more confident of achieving our ultimate goal of moving from a European leader to a global technological solutions provider for our diverse range of customers. Carlyle’s investment secures a bright, long-term future for our business, our employees and our customers.”
Glenn Youngkin, The Carlyle Group’s Managing Director in London, commented: “We are impressed with the quality of the business and are looking forward to supporting such a capable and ambitious management team. We can see enormous opportunities to grow the value of the business, harnessing innovation to create profitable commercial applications.”
The Queen’s military-industrial QinetiQ Group Plc (adjacent to The Pirbright Institute) was founded in Nov. 11, 2002 by:
62% UK Ministry of Defence (MOD) — UK
34% The Carlyle Group — US
4% QinetiQ employees
Note: On Nov. 08, 2002—3 days earlier, SERCO Plc bought SI International, Inc. and changed SI International’s name to SERCO, Inc. which had already been being awards massive contracts with the U.S. Patent Office, FEMA, OMB, Navy SPAWAR, OPM, State Department, DoD, Army, Navy, FAA, FEC, etc.
On Dec. 09, 2002—one month later, Leader Technologies’ patent attorney James P. Chandler, III, secretly merged CRYPTO.com with Markland Technologies. Markland was represented by Supreme Court Chief Justice John Roberts’ wife Jane Sullivan Roberts as director of Major, Lindsey & Africa.
1. Sir John Chisholm
- Medical Research Council, chairman
- Qinetiz, chairman
- Cambridge University
- General Motors
- British Petroleum (BP)
- CAP Scientific
- DERA (UK Defence Evaluation and Research Agency)
- House of Commons Public Accounts Committee, chairman
- NESTA (National Endowment for Science Technology and the Arts), chairman
- UK Electrical Engineering Association, president
- QinetiQ. Director
2. Sir Denys Henderson, Esq.
- Imperial Chemical Industries (ICI), chairman
- S.G. Warburg
- Goldman Sachs
- Zeneca Group (AstraZeneca), chairman
- Rank (Xerox), chairman
- Dalgety, chairman
- Crown Estates, chairman
- Barclays, director
- Rio Tinto Zinc, director
- Schlumberger, director
- MORI, director
- AZ Electronic Materials, director
- Qinetiq, director
- The Carlyle Group, director
3. Hal Kruth
- Stanford Research Institute (SRI), licensing
- QinetiQ Group plc, director, president (US subsidiary)
- Quintel Technology, director
- QinetiQ Nanomaterials/Intrinsiq Materials, director
- QinetiQ Rail – UK: Onboard broadband
- Holographic Imaging, Inc.(QinetiQ joint venture with Ford Motor Company) – US: Holographic displays
- Factor(E) Ventures, advisor
- 42MORE, CEO
- Sierra Angels
- OTHER DIRECTORSHIPS
- Sparkmeter Inc.- Washington DC based start-up: Smart meters
- Waste Enterprisers, LLC- Africa based start-up: Biofuels
- Glue Networks- California-based start-up: Software defined WAN
- Aperia Technologies- San Francisco-based start-up: Automatic tire inflation device
- Dynamite Data, LLC- Nevada-based start-up: E-commerce data
- Driptech, Inc.- India-based start-up: Low cost drip irrigation systems
- pSiVida Limited – Australia/pSiMedica Ltd – UK: Drug delivery technology
- Sarnoff Corporation (wholly-owned subsidiary of SRI International) – US
- Polyfuel, Inc. (SRI spin-off) – US: PEM fuel cells
- Pangene Corporation (SRI spin-off) – US: Gene therapy
- Discern Communications(SRI spin-off) – US: Enterprise data management
4. Graham Love
- QinetiQ Group plc, director, founder, CEO
- Cambridge University
- Weber Shandwick
- DERA (Defence Evaluation and Research Agency)
- DSSD. managing director
- Comax, Amey plc
- formation of QinetiQ and the sale of a controlling interest to The Carlyle Group. Controversially, his £106,000 investment in the company was later worth £20m at flotation. Approximately £6m worth were sold in January 2007.
- Chertoff Group, principle https://en.wikipedia.org/wiki/Michael_Chertoff https://www.chertoffgroup.com/our-team (Michael Hayden, principle) https://www.chertoffgroup.com/advisors/graham-love
- Racing Green Cars, chairman
- Evershot Rail Group, chairman
- SLR Consulting Group, chairman
5. Dame Pauline Neville-Jones
- BBC, governor
- JIC (British Joint Intelligence Committee)
- Minister of State for Security and Counter Terrorism
- National Security Council (NSC, UK)
- Special Representative to Business on Cyber Security
- Oxford University
- British Missions, Rhodesia, Singapore, Washington DC, Bonn
- European Commission, Chef de Cabinet
- Cabinet Office, head, Defence and Overseas Secretariat
- Joint Intelligence Committee, chair
- UK Foreign and Commonwealth Office (FCO), political director
- Dayton Bosnia settlement, British delegation
- Governors’ World Service Consultative Group, chair
- QinetiQ, chair
- Information Assurance Advisory Council, chair
- Minister of State for Security and Counter Terrorism
- Privy Council (2010-present)
6. Sir Jonathan Symonds, CBE
- HSBC, deputy chairman
- Novartis AG, cfo
- Goldman Sachs, managing director
- AstraZeneca plc, cfo
- KPMG, partner
- Diageo plc (Smirnoff, Johnnie Walker, Baileys, Guinness) director https://en.wikipedia.org/wiki/Diageo
- QinetiQ plc, director
- GlaxoSmithKline plc, chair
- Proteus Digital Health Inc., chair
- Genomics England Limited, chair
- Rubius Therapeutics, Inc., director
- Chartered Accountants in England and Wales, fellow
7. Colin Balmer
- UK Cabinet Office, managing director
- UK Ministry of Defence, finance director
- QinetiQ plc, director
- European Business Strategics Ltd.
- BAE Systems
- Airbus Industries
- MDBA (formed Dec. 2001) high-energy laster weaponry, UK Dragonfire, 90 armed missle forces worldwide https://powerbase.info/index.php/MBDA
- IMF (International Monetary Fund)
- ACOBA (Crown Advisory Committee on Business Appointments) https://powerbase.info/index.php/Advisory_Committee_on_Business_Appointments
8. Glenn Youngkin
- Carlyle Group, director, CEO, COO
- McKinsey & Co, consultant
- CS First Boston
- Harvard Business School, advisor
- Council on Foreign Relations (CFR)
- American Enterprise Institute
Mar. 31, 2009 Qinteiq Group of companies accounts
Guess Who Toasted George and Barbara Bush at Their 60th Wedding Anniversary Party?
EPJ – SUNDAY, JUNE 13, 2010
Laura Bush is out with her memoir, Spoken from the Pocketbook Heart.
Fed chairman Ben Bernanke doesn’t make it into the book, neither does Treasury Secretary during the GW years, Hank Paulson. But what’s a White House memoir without a memory of David Rubenstein, the co-founder of the private equity firm Carlyle Group, who made George H. W. hundreds of millions after he left the White House ?
Laura tells us that not only did Rubenstein show up at the White House for a 60th wedding anniversary party for George H.W. and Barbara Bush, but he gave the toast!
Rubenstein informed the onlookers during his toast that George and Barbara are the only couple who have lived in the White House and have celebrated a 60th wedding anniversary. Nice touch by David.
Laura describes David as a “long time friend.” Translation: Anybody that can figure out how to exploit George’s connections for more money than any of them had ever seen before can certainly be a life long friend.
Look, Rubenstein on a personal level is a nice guy. Whenever I have spoken to him, he has always been polite to me. When I have asked him a question out of left field to throw him off, he tends to really spend time to think about the question and give me a thoughtful answer, but of all the people George and Barbara have met over the years, and some probably truly long-term friends, it is remarkable that Rubenstein, who is roughly 30 years younger than George H. W., is giving a toast at at the Bush’s 60th wedding anniversary.
So it’s Klaus Schwab, The UK Royal Crown and The Rothschilds who won the gubernatorial elections in Virginia, as per normal. With technical and logistic support from The Military BioTech Complex, of course.
update november 19, 2021: lol
<<Pop singer Taylor Swift took another swing at billionaire investor George Soros on Thursday, condemning the “shameless greed” of the financier for partnering with her ex-manager Scooter Braun to release a new album of her songs.
Swift, who has emerged as an outspoken supporter of the Democratic Party, railed against Soros, a liberal megadonor, and Braun, who helped organize the March for Our Lives gun-control protest, after learning her former label Big Machine was releasing an album of a live radio concert she performed in 2008.
“It looks to me like Scooter Braun and his financial backers, 23 Capital, Alex Soros, and the Soros family and The Carlyle Group, have seen the latest balance sheets and realized that paying $330 million for my music wasn’t exactly a wise choice and they need money,” Swift wrote on Instagram. “In my opinion, just another case of shameless greed in the time of Coronavirus. So tasteless, but very transparent.”
Swift also attacked the Soros family in December as being the financial enablers of Braun’s takeover of her former label and her old music.
“After I was denied the chance to purchase my music outright, my entire catalog was sold to Scooter Braun’s Ithaca Holdings in a deal that I’m told was funded by the Soros family, 23 Capital, and the Carlyle Group,” Swift said at Billboard’s “Women in Music” event. “Yet to this day, none of these investors have bothered to contact me or my team directly to perform their due diligence on their investment, on their investment in me.” >> – The Washington Free Beacon
To be continued?
Our work and existence, as media and people, is funded solely by our most generous readers and we want to keep this way.
We hardly made it before, but this summer something’s going on, our audience stats show bizarre patterns, we’re severely under estimates and the last savings are gone. We’re not your responsibility, but if you find enough benefits in this work…
Help SILVIEW.media survive and grow, please donate here, anything helps. Thank you!
! Articles can always be subject of later editing as a way of perfecting them