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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (27987)	9/18/2003 8:18:51 AM
From: Karen Lawrence	Respond to of 89467

"(I)f you said to me, name 25 million people who would maybe be President of the United States,he (George W. Bush) wouldn't have been in that category" David Rubenstein Managing Director of Carlyle Group who asked GW to resign from the Board after GW had contributed no value to it in almost three years. He's been president for almost three years.... Last April 23, Carlyle managing director David Rubenstein spoke quite frankly about the comfy sinecure he provided to George W. Bush more than a decade ago -- and how useless Bush turned out to be. Whether he knew it or not, Rubenstein's remarks to the Los Angeles County Employees Retirement Association were recorded." Rubenstein said, "We put [Bush] on the board and [he] spent three years. Came to all the meetings. Told a lot of jokes. Not that many clean ones. And after a while I kind of said to him, after about three years - you know, I'm not sure this is really for you. Maybe you should do something else. Because I don't think you're adding that much value to the board. You don't know that much about the company. Rubenstein continued: "He said, well I think I'm getting out of this business anyway. And I don't really like it that much. So I'm probably going to resign from the board. And I said, thanks - didn't think I'd ever see him again. His name is George W. Bush. He became President of the United States. So you know if you said to me, name 25 million people who would maybe be President of the United States, he wouldn't have been in that category. So you never know. Anyway, I haven't been invited to the White House for any things." from: A Look At Why The Carlyle Group Wanted to Drop George W. Bush From Its Board A Decade Ago David Rubenstein, founder of the secretive defense contractor Carlyle Group. Recalls how useless Bush was as a board member of Carlyle’s firm Caterair and his surprise that George W. is now president.