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Down the Carlyle Group Rabbit Hole
March 14, 2002 - 12:47pm -- Uncle Fluffy
Take a look at this Fortune magazine story, for how the Carlyle Group conspiracy theory is getting spun in mainstream American capitalist media.
http://www.fortune.com/indexw.jhtml?channel=artcol .jhtml&doc_id=20
6684
The Big Guys Work For the Carlyle Group
What exactly does it do? To find out, we peeked down the rabbit
hole.
FORTUNE
Monday, March 18, 2002
By Melanie Warner
Send to a Friend Print Subscribe to Fortune
Are you the sort of person who believes in conspiracies--the
Trilateral Commission secretly runs the world, that sort of thing?
Well, then, here's a company for you. The Carlyle Group, a
Washington, D.C., buyout firm, is one of the nation's largest
defense contractors. It has billions of dollars at its disposal
and employs a few important people. Maybe you've heard of them:
former Secretary of State Jim Baker, former Secretary of Defense
Frank Carlucci, and former White House budget director Dick
Darman. Wait, we're just getting warmed up. William Kennard, who
recently headed the FCC, and Arthur Levitt, who just left the SEC,
also work for Carlyle. As do former British Prime Minister John
Major and former Philippines President Fidel Ramos. Let's see, are
we forgetting anyone? Oh, right, former President George Herbert
Walker Bush is on the payroll too.
The firm also has about a dozen investors from Saudi Arabia,
including, until recently, the bin Laden family. Yes, those bin
Ladens. Is it any wonder that Internet sites with names like
paranoiamagazine.com are rife with stories about Carlyle's
shadowy, corrupt global network? And it's not just wackos. "Be
careful," a tech entrepreneur in Silicon Valley wrote in an e-mail
when he learned I was doing a story on Carlyle. "The rabbit hole
runs really deep on this one.''
Take a look at this Fortune magazine story, for how the Carlyle Group conspiracy theory is getting spun in mainstream American capitalist media.
http://www.fortune.com/indexw.jhtml?channel=artcol .jhtml&doc_id=20
6684
The Big Guys Work For the Carlyle Group
What exactly does it do? To find out, we peeked down the rabbit
hole.
FORTUNE
Monday, March 18, 2002
By Melanie Warner
Send to a Friend Print Subscribe to Fortune
Are you the sort of person who believes in conspiracies--the
Trilateral Commission secretly runs the world, that sort of thing?
Well, then, here's a company for you. The Carlyle Group, a
Washington, D.C., buyout firm, is one of the nation's largest
defense contractors. It has billions of dollars at its disposal
and employs a few important people. Maybe you've heard of them:
former Secretary of State Jim Baker, former Secretary of Defense
Frank Carlucci, and former White House budget director Dick
Darman. Wait, we're just getting warmed up. William Kennard, who
recently headed the FCC, and Arthur Levitt, who just left the SEC,
also work for Carlyle. As do former British Prime Minister John
Major and former Philippines President Fidel Ramos. Let's see, are
we forgetting anyone? Oh, right, former President George Herbert
Walker Bush is on the payroll too.
The firm also has about a dozen investors from Saudi Arabia,
including, until recently, the bin Laden family. Yes, those bin
Ladens. Is it any wonder that Internet sites with names like
paranoiamagazine.com are rife with stories about Carlyle's
shadowy, corrupt global network? And it's not just wackos. "Be
careful," a tech entrepreneur in Silicon Valley wrote in an e-mail
when he learned I was doing a story on Carlyle. "The rabbit hole
runs really deep on this one.''