New Homeland Security Boss Made Millions on Insider Deal

[LiviaOlivia]

From Capitol Hill Blue

FUBAR
New Homeland Security Boss Made Millions on Insider Deal
By LARRY MARGASAK
Dec 9, 2004, 07:27

Bernard Kerik, President Bush's choice to run the Homeland Security Department, made $6.2 million by exercising stock options he received from a company that sold stun guns to the department - and seeks more business with it.

Taser International was one of many companies that received consulting advice from Kerik after he left his job as New York City police commissioner in 2001, when he was earning $150,500 a year. Kerik remains on Taser's board of directors, although the company and the White House said he planned to sever the relationship.

Partnering with former New York Mayor Rudolph Giuliani and also operating independently, Kerik has had business arrangements with manufacturers of prescription drugs, computer software and bulletproof materials, as well as companies selling nuclear power, telephone service, insurance and security advice for Americans working abroad.

<snip>

Kerik has played a key security consultant's role for a number of Kerik and Giuliani clients. Among them:

-Purdue Pharma, the company that makes the narcotic painkiller OxyContin. Kerik helped the company improve security at two manufacturing plants after it experienced employee theft and found that additional security measurers were needed for the highly regulated drug. Kerik worked to improve the capacity of safes to secure the product, upgrade camera surveillance and install other security measures.

-The Pharmaceutical Research and Manufacturers of America, the drug industry association that opposes importation of medicine from Canada and elsewhere. Kerik visited ports, reviewed prescription drug Internet sites and helped prepare a report for the industry on dangers of importation. He told a government task force in April that allowing imports could invite terrorists to purchase drugs legally and use them in a biological attack

-Entergy Nuclear Northeast, operator of five nuclear power plants. Kerik and others helped ensure the plants were operated with state-of-the-art security.

http://www.capitolhillblue.com/artman/publish/article_5828.shtml


Taser International: http://www.taser.com/flash.htm

Giuliani Partners: http://www.giulianipartners.com/

[cosmicdot]

1. the robber barons are in the house

... public servants need not apply ...

'government' of, by and for corporate america (and personal aggrandizement)