George Tenet cashes in on Iraq (his pockets are stuffed!!)

[donsu]

http://www.salon.com/news/feature/2007/05/07/tenet_money/?source=whitelist


-snip-

When Tenet hit the talk-show circuit last week to defend his stewardship of the CIA and his role in the run-up to the war, he did not mention that he is a director and advisor to four corporations that earn millions of dollars in revenue from contracts with U.S. intelligence agencies and the Department of Defense. Nor is it ever mentioned in his book. But according to public records, Tenet has received at least $2.3 million from those corporations in stock and other compensation. Meanwhile, one of the CIA's largest contractors gave Tenet access to a highly secured room where he could work on classified material for his book.

Tenet sits on the board of directors of L-1 Identity Solutions, a major supplier of biometric identification software used by the U.S. to monitor terrorists and insurgents in Iraq and Afghanistan. The company recently acquired two of the CIA's hottest contractors for its growing intelligence outsourcing business. At the Analysis Corp. (TAC), a government contractor run by one of Tenet's closest former advisors at the CIA, Tenet is a member of an advisory board that is helping TAC expand its thriving business designing the problematic terrorist watch lists used by the National Counterterrorism Center and the State Department.

Tenet is also a director of Guidance Software, which makes forensic software used by U.S. law enforcement and intelligence to search computer hard drives and laptops for evidence used in the prosecution and tracking of suspected terrorists. And Tenet is the only American director on the board of QinetiQ, the British defense research firm that was privatized in 2003 and was, until recently, controlled by the Carlyle Group, the powerful Washington-based private equity fund. Fueled with Carlyle money, QinetiQ acquired four U.S. companies in recent years, including an intelligence contractor, Analex Inc.

-snip-

Here, too, Tenet is profiting from involvement in Iraq and the broader war on terror. QinetiQ's recent acquisitions in the U.S. market include defense contractor Foster Miller Inc., which makes the so-called TALON robots used by U.S. forces in Iraq to neutralize IEDs. QinetiQ also controls Analex Corp., an information technology and engineering company that earns 70 percent of its revenue from the Pentagon. Among the clients listed on Analex's Web site are the National Reconnaissance Office, which manages the nation's spy satellites, and the Pentagon's Counter-Intelligence Field Activity office -- a secretive agency that has been criticized by members of Congress for collecting intelligence on American antiwar activists. According to QinetiQ's Annual Report and Accounts for 2006, non-executive directors like Tenet are paid a minimum of $70,000, with some paid up to more than a quarter-million dollars.

-snip-

In a statement TAC released when Tenet was appointed to that company's board last year, Tenet said he would help the company "address critical needs as government and industry work together to fight terrorism." Serving with Tenet on the advisory board there are Alan Wade, Tenet's former chief information officer, and John P. Young, a former CIA senior analyst. TAC is a privately held company and no public information is available regarding compensation for its board members. But between the terrorist attacks of Sept. 11, 2001, and 2006, the company's income quintupled, from less than $5 million in 2001 to $24 million in 2006.
-----------------------

don't you just hate him

don't you wish he was in prison

[Tempest]

1. It's a shame 60 Minutes didn't investigate this

I would have loved to see his reaction if they brought this up during the interview.