-Caveat Lector-

>
> "BUZZY" KRONGARD -- NEW #3-MAN AT THE CIA IS FORMER
> INVESTMENT BANKER According to Krongard, referring to the
> CIA's predessor, "the whole OSS was really nothing but Wall
> Street bankers and lawyers."
>
> http://www.rumormillnews.net/cgi-bin/config.pl?read=7720
> CIA/OSS is Bankers and such
>
> Posted By: Noah
> Date: Tuesday, 20 March 2001, 1:07 p.m.
>
>   NOW YOU HAVE IT STRAIGHT FROM THE HORSES MOUTH OR BEHIND.
>   CHECK OUT THE 11TH PARAGRAPH BELOW:
>
>
>   Colorful Outsider Is Named No. 3 at the CIA
>
>   By Vernon Loeb and Greg Schneider
>   Washington Post Staff Writers
>   Saturday, March 17, 2001; Page A03
>
>   A.B. "Buzzy" Krongard, a cigar-chomping former investment
> banker and martial arts enthusiast, was named yesterday
> executive director of the CIA, bringing a fast-paced
> management style to the agency's No. 3 job.
>
>   Central Intelligence Agency Director George J. Tenet
> announced the appointment, saying he treasures Krongard's
> "wise counsel and 'no-nonsense' business-like views."
>
>   Krongard, 64, former head of Alex. Brown & Co., an
> investment bank based in Baltimore, joined the agency three
> years ago as a counselor to Tenet. He switched careers
> shortly after helping engineer the $2.5 billion merger of
> Alex. Brown and Bankers Trust New York Corp., gaining $71
> million in Bankers Trust stock.
>
>   Few of his former colleagues were surprised by his decision
> to trade a $4 million salary and stock options for the far
> less remunerative job of Tenet's consigliere.
>
>   A graduate of Princeton and the University of Maryland Law
> School, Krongard has a fondness for extreme military-style
> activities. Even as a banking executive, he trained with
> police SWAT teams for recreation and worked out with a kung
> fu master.
>
>   To impress -- or intimidate -- visitors, the former Marine
> officer would demonstrate lightning-fast moves for disabling
> an attacker.
>
>   The purpose of his exercise regime was not just to stay
> fit, he once said, but to increase toughness and discipline.
> To that end, he would thrust his hands repeatedly into
> buckets of dried rice or absorb blows to the stomach from a
> heavy medicine ball.
>
>   He maintained a shooting range on the park-like grounds of
> his home on the northern edge of Baltimore, and kept a
> walk-in safe stocked with Cuban cigars.
>
>   His rhetorical style, blunt and colorful, sets him apart on
> the seventh floor of CIA headquarters. In an interview
> yesterday, Krongard described his past duties as those of a
> "minister without portfolio" whom senior managers felt
> comfortable talking to about "sticky subjects."
>
>   "I really didn't have a dog in any fights," he allowed,
> "and I was able to broker some things."
>
>   But Krongard exhibited the requisite secretiveness when
> asked to explain his interest in intelligence and how he came
> to land a job in Tenet's inner circle. If you go back to the
> CIA's origins during World War II in the Office of Strategic
> Services, he explained, "the whole OSS was really nothing but
> Wall
>
>   Street bankers and lawyers."
>
>   Given the CIA's insular nature, outsiders who assume top
> posts often arouse suspicion. That was certainly true in the
> case of Nora Slatkin, a Capitol Hill staffer and Pentagon
> official who served as executive director from 1995 to 1996
> under then-CIA Director John M. Deutch.
>
>   One former agency official said yesterday that he found it
> "absolutely astounding" that Tenet installed Krongard in such
> an important job. "When you meet him, he tells you to punch
> him in the stomach to see how tough he is," the former
> official said.
>
>   But Krongard received a rave review from former deputy
> director of operations Jack Downing, an agency legend. "I
> have a lot of respect for Buzzy," Downing said. "He knows
> business and financial markets and all that. But he's been
> privy to everything since he's been there, sitting at
> George's right hand, so he certainly knows the agency. I
> personally would be very happy to serve in that agency with
> Buzzy as executive director."
>
>   Krongard described his new role as that of a chief
> operating officer and vowed to keep everyone focused. "If you
> ask me, 'What is your one biggest priority?' it would be to
> do everything I can . . . to support our two basic missions
> here, operations and intelligence," he said. "If you don't
> worry about who gets the credit, you can accomplish an awful
> lot."
>
>   � 2001 The Washington Post Company
>
>
> Washington Post article
>
>
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> http://www.rumormillnews.com
> Rayelan Allan, Publisher
>
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>
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>
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