Fisher Ames Profile picture
Feb 18 25 tweets 4 min read
24 April 2003

Peter Berlandi, chief campaign fundraiser for the Massachusetts governor William Weld in the 1990s, was not subtle when he intervened on behalf of Bechtel's multi-billion dollar "Big Dig" Boston Central Artery construction project

web.archive.org/web/2019011916…
Berlandi allegedly called the company's competitors in the construction industry and said: "If you want to work in this state again, don't play games with Bechtel."
Although both Berlandi and Bechtel deny making the statement, Berlandi was getting two salaries at the time -- one from Weld and the other from Bechtel -- a cool $200,000 dollars for his services to the construction company.
Ironically, a memo that surfaced in April 2000 showed Massachusetts initially reimbursed Bechtel for the money that it had paid to Berlandi. When the company came under fire for employing Berlandi as a consultant, they paid the state back the money
A Boston Globe study of the top officers in some 150 companies with contracts in the Big Dig showed that 77 executives had made at least $100,000 in campaign contributions to Weld and Lieutenant Governor Paul Cellucci since 1991.
Between 1991 and 1996, Weld personally reaped nearly $25k from Bechtel and Parsons executives, including several of the maximum $1k annual donations from:

George Shultz, who worked as a Bechtel consultant after his stint in the Reagan White House
Bechtel patriarch Stephen D. Bechtel Jr and his wife, Elizabeth Bechtel cheif operating officer Adrian Zaccaria Levy of Parsons Brinckerhoff
Boston is not the only place that Bechtel has friends in all sorts of high places. The most well known is former Secretary of State George Shultz, who was president of the Bechtel group before he went to Washington and then got his job back when returned.
Another member of the Reagan Cabinet, former Secretary of Defense, Caspar Weinberger, was vice president and general counsel of the Bechtel Group before going to Washington in 1980.
Others include a Bechtel executive who went on to head the CIA for four years in the 1960's [McCone?]. And today, the president of Bechtel's work in the Middle East, Southwest Asia, Europe and Africa is Chuck Redman, a former United States ambassador to Sweden and Germany.
Bechtel never lets party affiliations get in the way of business. For example the company contributed heavily to the Democratic Party right at the time that U.S. Commerce Secretary Mickey Kantor invited them to join him on a trade mission to Bosnia and Croatia in July 1996.
Between 3 May and 23 Aug 1996 Bechtel suddenly gave the Democrats $125k more than they had given the party in the past five years combined. Questioned about the donations. Kantor, a long-term lobbyist himself, said he was "stunned" insisting the trips and the money were unrelated
In 1998 the US Export-Import Bank, on whose board Kantor was a member, approved a financial guarantee for Bechtel to provide $250M of procurement, construction & project mgmt services to build a 72mi highway from Croatia's northern border to the Bosnia-Herzegovina border
In a press release at the time the ExIm Bank said the guarantee enabled Bechtel to win the Croatia Roads Authority contract over several European and local competitors.
ExIm has long been an easy touch when Bechtel needs financing. Bechtel asked the 65-year old agency for funding in 1946 when it got the contract to build the Trans-Arabian pipeline, laying one of the cornerstones for the Saudia Arabian oil export boom.
ExIm also backed Bechtel's aborted role in the Aqaba pipeline in Iraq in the 1980's

2 of ExIm's presidents have worked for Bechtel after quitting the bank. Henry Kearns, who was appointed to head up ExIm by Nixon in 1969, asked Steve Bechtel Sr to serve on ExIm's advisory cmte.
Kearns played a crucial role in helping Bechtel find funding for the Freeport gold mine in New Guinea when it was constructed in 1970, overriding misgivings from ExIm's engineering department about the feasibility of the project.
Kearns suddenly resigned from his job in 1973 when the DOJ launched an inquiry into possible conflicts of interest because Kearns had financial interests in a Thai company that had received loans from ExIm.
Although the investigation was later dropped, Kearns did not have to worry about losing his federal salary because he landed softly into a job in Bechtel's San Francisco offices.
The other ExIm president who found employment with Bechtel is John Moore, who was appointed to head up ExIm in 1977. Moore joined Bechtel in 1984 as executive vice president of Bechtel Financing Services, and eventually was appointed to the company's board of directors in 1989.
Today Daniel Chao, a Bechtel Sr VP, serves on the ExIm advisory committee while Ross J. Connelly, a 21- year veteran of Bechtel Group, is the COO for the Overseas Private Investment Corporation, the other major source of funding from the federal govt for US companies overseas.
Despite periodic questions raised about the propriety of these symbiotic relationships, there is no indication that either Bechtel or the US government are likely to change the way they do business any time soon.
[I wonder if Durham ever got a chance to check out the Big Dig while he was in Boston]
28 June 2015

These & other amendments were intro'd by Sen McCain as public law in 1996 through 1999, and some were submitted to the Senate and House in 2005 as PL S.1003, subsequently incorporated into the language of the 2005 amendment of 25 USC 40d-11,

web.archive.org/web/2019080112…
all to rig the situation for McCain's sponsors, Peabody Western Coal Company (Peabody Group) and Bechtel, who operates the Mohave Generating Station, so they could more easily remove the coal from the Dineh-Navaho's rightful properties

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More from @nimkef

Feb 20
8 Dec 2021

The new CIO of the Defense Intelligence Agency, Douglas Cossa, has made it one of his top priorities to modernize the military and intelligence community’s top-secret IT network, the Joint Worldwide Intelligence Communication System.

fedscoop.com/jwics-moderniz…
In a “huge effort … to modernize JWICS w/ support from the Hill, ODNI & Office of the Under SecDef for Intel & I’m excited to share those capability needs we have & discuss w/ industry partners where they can help,” Cossa said at DIA’s DoDIIS Worldwide conference in Phoenix
JWICS has evolved over its 30 yrs of use to become the “top secret network of the entire federal govt,” said Cossa, who’s been CIO since July. The network was created to be a video teleconferencing system but really evolved in the early 1990s with the advent and addition of email
Read 11 tweets
Feb 19
1 Oct 2016

Today the contract between ICANN and the US Department of Commerce National Telecommunications and Information Administration (NTIA), to perform the Internet Assigned Numbers Authority (IANA) functions, has officially expired

icann.org/news/announcem…
This historic moment marks the transition of the coordination and management of the Internet’s unique identifiers to the private-sector, a process that has been committed to and underway since 1998.
For more than 15 years, ICANN has worked in concert with other technical bodies such as IETF, Regional Internet Registries [RIR], top-level domain registries and registrars, and many others.
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Feb 19
29 Feb 2020

A battle of the billionaires may be starting at Twitter.

Hedge funder Paul Singer has taken in a stake in the social media company—and now wants to replace Jack Dorsey as Twitter CEO and grab four board seats.

web.archive.org/web/2020031402…
Singer’s been a busy guy lately. Over the past year, he’s built up a $25 billion stake in SoftBank after its WeWork investment decimated its shares and one in AT&T.
Singer founded Elliott Management in 1977

His adversaries have been entire countries, most famously a years-long battle to get Argentina to pay up on its bonds. Singer & the other debtholders largely won that fight. In 2016, Argentina agreed to pay $4.75B, 75% of the face value
Read 52 tweets
Feb 18
13 March 2002

Two House committees will commence inquiries into the finances and disclosure of Global Crossing, the telecommunications company whose spectacular dive ended in bankruptcy early this year.

web.archive.org/web/2002032102…
Had it not been for Enron the Global Crossing demise would have garnered more attention already on Capitol Hill and elsewhere. Its share price climbed dizzily until February 2000, when it passed $60, giving the company a market value of $50B. It now trades for about $0.15
As with Enron, political officials are deeply enmeshed in Global Crossing: Terry McAuliffe, now chairman of the DNC and friend of Bill Clinton, turned a $100k investment in the company into $18M.
Read 8 tweets
Feb 18
6 Oct 1997

Microsoft
WorldCom
MCI

Dec 1994
Microsoft and UUNET made a deal: UUNET would get the backbone contract for the Microsoft Network; Microsoft would get 13% of UUNET.

web.archive.org/web/2003030722…
Over the next 2 years, the Microsoft Network delivered 40%+ of UUNET revenue. It also delivered wealthy suitors: first MFS, then WorldCom. So what did Microsoft get, beyond a backbone? A pretty good return on its investment, it seems
If it held on to all those UUNET shares (MS execs aren't telling):

25 May 1995
UUNET goes public
Microsoft's shares: 4.2M
Worth: $58M

19 Aug 1996
UUNET merges with MFS. Each UUNET stock converts to 1.78 shares of MFS stock.
Microsoft's shares: 7.5M
Worth: $263M
Read 4 tweets
Feb 16
15 Aug 2005

When inventors James MacIntyre and David Scherer founded Visual Sciences Inc. in 2000, doing work for the CIA was not in their plans.

web.archive.org/web/2020110109…
The two developed software to monitor and graphically display patterns in complex info systems. A bank marketing executive using the software could determine which online customers were clicking on links to info about home equity loans, then display info about those customers.
It takes no great leap of imagination to envision a CIA analyst using the software, connected into the right databases, to track terrorist activities. But it took In-Q-Tel to make that leap.
Read 53 tweets

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