Profits from Rape and Torture

Re: worried?
by: jfhgroups 05/03/04 11:01 am
Msg: 621 of 624

I don't think any punishment of the stock will be immediate but if this issue grows over time there will need to be a fall guy and CACI and Titan make good prospects. I could imagine a scenario in which Titan and/or CACI are denied contracts for a while as some form of punishment.

If you are a bureaucrat are you going to want to be accused later of having given a contact to a company that is officially unwelcome?

In the very long term if there are more scandals such as these that involve private subcontractors then the whole industry could be hurt but that would take something pretty extraordinary, like maybe a bunch of private security guards slaughtering a village. But I presume we are a long way from that.

If that does happen CACI would surely suffer even if it is not directly in the armed security business.

But with their profit margins there is plenty of money to be made until that day comes!
http://finance.messages.yahoo.com/bbs?.mm=FN&action=l&board=1602926053&tid=cai&sid=1602926053&mid=616


Titan involved in rape?
by: a_tom_lower_eastside (33/M/Manhattan, NYC) 04/30/04 10:55 pm
Msg: 101328 of 101329

One civilian contractor was accused of raping a young, male prisoner but has not been charged because military law has no jurisdiction over him.

The military investigation names two US contractors, CACI International and the Titan Corporation, for their involvement in Abu Ghuraib.

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=4687076&tid=ttn&sid=4687076&mid=101328

"The San Diego-based government contractor said Monday that earnings for the quarter ended March 31 fell to $3.1 million, or 3 cents a share, from $7 million, or 9 cents a share, a year earlier.

Earlier this month, Lockheed lowered its offer for Titan by $200 million to $2.2 billion after the Department of Justice launched an investigation into whether Titan employees had bribed foreign officials."

From today's company news release -

Arlington, VA, May 3, 2004 — CACI International Inc (NYSE:CAI) said today that with respect to the alleged improper employee behavior toward prisoners in Iraq recently reported in the media, despite inquiries the company thus far has received no information on the matter from the U.S. Government. The Company continues to support the Army's mission in Iraq and around the world. snip

CACI said it has never seen nor has it been provided a copy of an apparent 53-page confidential study presumably written by Major General Antonio M. Taguba in late February and apparently obtained and reported on by The New Yorker magazine. The company said it is aware of the study only from the extracts reported in the media. CACI said it had formally requested a copy of the confidential report from the US Department of Defense, since the report was apparently leaked to the media. Further, CACI said that in its experience, the US Army has always been prompt to inform the company of any questions or issues. CACI reiterated that it had received no information of any pending actions against any CACI employee's performance relating to prisoner abuse matters.

http://www.c-cubedcorp.com/about/news/news2004/05_03_04_2_NR.html

is valid . they traffic in torture. More investigations need to be done, for sure. But they ARE part of the contractor debacle in Ira*.

Here are a couple of links from The Center for Public Integrity that provide some more damning data on the mercenaries employed by the administration of George W. Bush aka The War President, you can click on any of the mercenaries listed for updates.

Post-War Contracors (MERCENARIES) Ranked By Total Contract Value In Iraq And Afghanistan
http://www.publicintegrity.org/wow/resources.aspx?act=total

Campaign Contributions of Post-War Contractors (MERCENARIES)
http://www.publicintegrity.org/wow/resources.aspx?act=contrib

By Joshua Chaffin in Washington
Published: May 3 2004 19:34 | Last Updated: May 3 2004 19:34

The mounting scandal over the torture of Iraqi prisoners at a US military prison in Baghdad has again focused attention on the Pentagon's extensive - and sometimes controversial - use of private military contractors in the Iraq war.

Employees from two companies, CACI International and Titan, participated in interrogation sessions at the Abu Ghraib prison as both interrogation specialists and linguists, according to an internal army report completed in late February.

It called for individuals from both companies to be officially reprimanded, lose security clearances and - in some cases - have contracts terminated, for their alleged role in the abuses, according to a person who has seen the report.
...
Titan has provided translators to the army under a contract that dates back to 1999. The linguistics business forms a small part of a company that offers products ranging from information technology services to emergency vehicles designed for homeland security.
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1083180243523

The news story said a "translator" was one of the rapist.

The bad thing is, if these stocks drop, *some* are sure to scoop them up at bargain prices. Then this blows over (thank you us media) and they're right back in business. Very frustrating . . .