Influence and bailouts a business tradition in Bush family
By ROBERT TRIGAUX
© St. Petersburg Times, published
October 29, 2000 Marvin
Coral Gables director: As an executive of Winston Partners Group, a northern Virginia investment company, Marvin was named to the board of South Florida-based Fresh Del Monte Produce in 1998. The international fruit and vegetable company, run by the Abu-Ghazaleh family, has a board full of Bush family friends. Among them: Stephen Way, who heads Houston-based HCC Insurance Holdings and is a major fundraiser for Bush family politicians. Way also invited Marvin on to the HCC board last year, a position that pays Bush thousands of dollars and gave him options to purchase 12,500 shares of HCC common stock.
Stratasec: Marvin was recruited to join the board of this secretive Virginia security company that serves international corporations and governments. The company is awash in ex-government security and military personnel. Among them: Barry McDaniel, who served during the Reagan years as deputy director of readiness for the U.S. Army Materiel Command; and retired U.S. Air Force General James A. Abrahamson, who served as director of President Reagan's "Star Wars" Strategic Defense Initiative.
The company touts such major customers as Dulles airport near Washington, as well as Los Alamos National Laboratories (where former scientist Wen Ho Lee pleaded guilty to improperly downloading nuclear weapons design secrets).
KuwAm Corp.: The investment company, with roots in Kuwait (the country "liberated" by President Bush's Gulf War), is a large backer of Stratasec. Stratasec chief executive Wirt Walker also is a managing director of KuwAm. And KuwAm chairman Mishal Yousef Saud Al Sabah also sits on Stratasec's board.
http://www.sptimes.com/News/102900/Business/Influence_and_bailout.shtmland for a little added oomph....
From 1993 to 2000, Bush sat on the board of Stratasec (now Securacom), which had security contracts at the World Trade Center until it was destroyed on September 11, 2002. Around the time he left the Securacom board, Bush joined the board of World Trade Center insurer HCC Insurance. Bush still serves on HCC's advisory board. Marvin Bush and HCC CEO Stephen Way resigned from the board of Fresh Del Monte Produce in late 2002. Their resignations came after minority investors alleged that the company’s Palestinian owners bribed the former chair of the company into selling Del Monte to them at a fraction of its value in 1996--before Bush joined Del Monte's board. Winston is the largest investor in National Waste Services, which owns Battle Creek Landfill. Virginia environmental regulators sought to close the landfill in late 2003 for regularly exceeding its 250-ton daily garbage permit by 600 percent. Democratic Governor Mark Warner accused Republican Attorney General Jerry Kilgore, who headed the Bush-Cheney reelection campaign in Virginia, of postponing a legal hearing on the issue in October 2003. Counterpunch magazine reported that Winston Partners owns more than 3.5 million shares of Sybase, Inc., which markets software to banks to comply with anti-terrorist-money-laundering provisions of the post September 11 USA Patriot Act, which Marvin's brother signed into law in October 2001. Sybase received more than $28 million in federal contracts in fiscal year 2002. Partner Scott Andrews sits on the boards of several companies that Winston invests in, including AMSEC Corp. (a gun and safe maker that got $29 million in federal contracts in fiscal 2002), temp agency Hobart West and TechnoBrands. Techno paid $200,000 in 2002 to Federal Trade Commission charges that it made false and misleading claims about its weight-loss and hair-growth products. Winston also invests in sock manufacturing with Pioneer Ray Hunt. In a bizarre 2003 incident, a live-in babysitter at Marvin Bush’s home was killed when her car, which apparently was in gear, rolled over her.
http://www.whitehouseforsale.org/ContributorsAndPaybacks/pioneer_profile.cfm?pioneer_ID=869