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Politics : Inhalin' with Palin !! -- Ignore unavailable to you. Want to Upgrade?

To: Brander who wrote (196)	9/30/2008 10:25:52 AM
From: Arthur Radley	1 Recommendation Read Replies (1) \| Respond to of 358

Brad, It was Rainwater's money that created the deal...Scott, a person with no experience in the hospital industry was placed in the job of being CEO. Rainwater, and HIS money called the shots! "In the process Rainwater's investing style emerged: analytically rigorous but opportunistic and Texas-sized in its audacity. He'd buy public companies or private. He'd use futures and leverage, sometimes 20 to 1. He even started companies. If he thought an idea was right, he put capital behind it. With the Basses, he resurrected the likes of Disney—recruiting Michael Eisner to be CEO—and bet early on cellphones. Later, when he went out on his own in 1986, his office drew a who's who of hard-charging capitalists to Fort Worth. In the heyday of Rainwater Inc., Eddie Lampert, the hedge fund tycoon turned head of Sears Holdings, had a desk, as did Daniel Stern, now of $3 billion Reservoir Capital. Ken Hersh, who has compounded money at 31% annually for 17 years at Natural Gas Partners, started there. With Rick Scott, Rainwater founded Columbia Healthcare, which merged with HCA and became the country's biggest for-profit hospital company (Scott was later forced out as CEO amid a federal fraud investigation). Even George W. Bush kept an office, when he and Rainwater were putting together the Texas Rangers stadium deal."