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In reply to the discussion: Anatomy of the Deep State -- The Shadow Government that calls the shots [View all]Octafish
(55,745 posts)105. Know your BFEE: Behind the Curtain -- Booz Allen Hamilton and its Owner, The Carlyle Group
Behind the Curtain: Booz Allen Hamilton and its Owner, The Carlyle Group
Written by Bob Adelmann
The New American; June 13, 2013
According to writers Thomas Heath and Marjorie Censer at the Washington Post, The Carlyle Group and its errant child, Booz Allen Hamilton (BAH), have a public relations problem, thanks to NSA leaker and former BAH employee Edward Snowden. By the time top management at BAH learned that one of their top level agents had gone rogue, and terminated his employment, it was too late.
For years Carlyle had, according to the Post, nurtured a reputation as a financially sophisticated asset manager that buys and sells everything from railroads to oil refineries; but now the light from the Snowden revelations has revealed nothing more than two companies, parent and child, bound by the thread of turning government secrets into profits.
And have they ever. When The Carlyle Group bought BAH back in 2008, it was totally dependent upon government contracts in the fields of information technology (IT) and systems engineering for its bread and butter. But there wasn't much butter: After two years the companys gross revenues were $5.1 billion but net profits were a minuscule $25 million, close to a rounding error on the companys financial statement. In 2012, however, BAH grossed $5.8 billion and showed earnings of $219 million, nearly a nine-fold increase in net revenues and a nice gain in value for Carlyle.
Unwittingly, the Post authors exposed the real reason for the jump in profitability: close ties and interconnected relationships between top people at Carlyle and BAH, and the agencies with which they are working. The authors quoted George Price, an equity analyst at BB&T Capital: "[Booz Allen has] got a great brand, they've focused over time on hiring top people, including bringing on people who have a lot of senior government experience." (Emphasis added.)
For instance, James Clapper had a stint at BAH before becoming the current Director of National Intelligence; George Little consulted with BAH before taking a position at the Central Intelligence Agency; John McConnell, now vice chairman at BAH, was director of the National Security Agency (NSA) in the 90s before moving up to director of national intelligence in 2007; Todd Park began his career with BAH and now serves as the country's chief technology officer; James Woolsey, currently a senior vice president at BAH, served in the past as director of the Central Intelligence Agency; and so on.
BAH has had more than a little problem with self-dealing and conflicts of interest over the years. For instance in 2006 the European Commission asked the American Civil Liberties Union (ACLU) and Privacy International (PI) to investigate BAHs involvement with President George Bushs SWIFT surveillance program, which was viewed by that administration as just another tool in its so-called War on Terror. The only problem is that it was illegal, as it violated U.S., Belgian, and European privacy laws. BAH was right in the middle of it. According to the ACLU/PI report,
Though Booz Allens role is to verify that the access to the SWIFT data is not abused, its relationship with the U.S. Government calls its objectivity significantly into question. (Emphasis added.)
Among Booz Allens senior consulting staff are several former members of the intelligence community, including a former Director of the CIA and a former director of the NSA.
As noted by Barry Steinhardt, an ACLU director, Its bad enough that the [Bush] administration is trying to hold out a private company as a substitute for genuine checks and balances on its surveillance activities. But of all companies to perform audits on a secret surveillance program, it would be difficult to find one less objective and more intertwined with the U.S. government security establishment. (Emphasis added.)
CONTINUED w Links n Privatized INTEL...
http://www.thenewamerican.com/usnews/crime/item/15696-behind-the-curtain-booz-allen-hamilton-and-its-owner-the-carlyle-group
Thanks, Rex! It's good to live in a democracy, a republic built on equal justice for all. So, that's why it's worth the sweat to get back to that.
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Anatomy of the Deep State -- The Shadow Government that calls the shots [View all]
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OP
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bobthedrummer
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Oooo, you totally got away with a call out and you did it before the shadow government
FSogol
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And you've served on hundreds of juries here from your Virginia home-lol! n/t
bobthedrummer
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You haven't addressed anything in the article, leading ME, and I could be wrong, to the conclusion
sabrina 1
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I remember reading about google's ties to us intelligence back when they were starting up.
El_Johns
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Know your BFEE: Behind the Curtain -- Booz Allen Hamilton and its Owner, The Carlyle Group
Octafish
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#105