[email protected] (Shane Ginnane) writes: > Not surprisingly, since they very earliest reports of such successes, > there were murmurings that a large proportion of the fundamental > research had been done/financed by organisations closely aligned to > the former employer of a certain Mr Edward Snowden.
when Gerstner left CEO of IBM ... he went to head up large private equity company ... which bought the employer of Mr Edward Snowden. That company had a contract with gov. agency ... the agency congress had put on probation and not allowed to manage its own projects because of history of problems. http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/ which may just been excuse to further privatize the gov. operations ... aka 70% of the budget and over half the people (gov. agencies can't lobby and donate to congress but private companies that get gov. contracts for doing the same work, can) http://www.investingdaily.com/17693/spies-like-us/ ref to Snowden's employer http://www.zerohedge.com/news/2013-06-23/visualizing-how-booz-allen-hamilton-swallowed-washington private equity companies have been increasingly extracting every thing possible from the companies they buy and putting the operations under intense pressure to do whatever necessary to generate revenue. older article on the subject: http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=0 more recent SEC official describes widespread lawbreaking in the private equity industy http://www.sec.gov/News/Speech/Detail/Speech/1370541735361#.U2rbM2Bdqcd which kicked off whole series of pieces over the past month ... just a small sample SEC Official: Over Half Of All Private Equity Audits Revealed Crimes http://news.firedoglake.com/2014/05/09/sec-official-over-half-of-all-private-equity-audits-revealed-crimes/ SEC Official Describes Widespread Lawbreaking and Material Weakness in Controls in Private Equity Industry http://www.nakedcapitalism.com/2014/05/sec-official-describes-widespread-lawbreaking-material-weakness-controls-private-equity-industry.html New York Times' New Editor Buries Important Story on Private Equity Fee Shenanigans on Holiday Weekend http://www.nakedcapitalism.com/2014/05/new-york-times-new-editor-buries-important-story-private-equity-fee-shenanigans-holiday-weekend.html The Deal's Done. But Not the Fees. http://www.nytimes.com/2014/05/25/business/the-deals-done-but-not-the-fees.html -- virtualization experience starting Jan1968, online at home since Mar1970 ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
