Word: forts
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...Airways manages to reorganize under bankruptcy protection, Texas Pacific, based in Fort Worth, stands to own 38% of an airline once valued at $7 billion--all for an investment of $200 million. And that's not its only deal in the works. While public attention naturally attached to the US Airways transaction, Texas Pacific was quietly closing a deal 10 times larger: a $2.26 billion cash buyout of Burger King from Diageo, based in London. Bonderman and his partners are also finalizing the purchase of bankrupt Swissair's catering subsidiary, Gate Gourmet, No. 2 in the world with $2 billion...
Bonderman and Coulter learned from the best; they worked for one of the billionaire Bass brothers, Robert, in Fort Worth during the 1980s before opening Texas Pacific with lawyer William Price III in 1993. When European newspapers write about TPG's deals there, they love to run cartoons of the Texas raiders in cowboy hats. But none of the co-founders fell off a watermelon truck. Bonderman, 59, a skilled negotiator, is a Harvard law graduate. Coulter, 42, the savvy stock picker, is a Stanford M.B.A. Price, 46, who figures out how to restructure the distressed firms in which...
...Qaeda and Taliban members left behind in Afghanistan. But a more benign task entrusted to U.S. special forces stationed in Kabul--training the fledgling Afghan national army--is also proving dangerous. Funds for the endeavor are scarce, and weapons and ammunition are "not the quality you'd want at Fort Benning," says Lieut. Colonel Kevin McDonnell, who is responsible for the training. The Green Berets have resorted to tossing rocks to teach grenade handling and scrounging al-Qaeda and Taliban leftovers. Sometimes the troops launch risky operations in recalcitrant villages, engaging in fire fights to capture dusty caches of arms...
Cohn said that Provost Steven E. Hyman, who is handling art-related matters for the University, did not have a complicated agenda for her, but told her “he likes what [the museums] are doing” and urged her “to hold down the fort...
...wasn't just Pentagon nerves that got in the way of a more aggressive counterterrorism policy. So did politics. After the U.S.S. Cole was bombed, the secretive Joint Special Operations Command at Fort Bragg, N.C., drew up plans to have Delta Force members swoop into Afghanistan and grab bin Laden. But the warriors were never given the go-ahead; the Clinton Administration did not order an American retaliation for the attack. "We didn't do diddly," gripes a counterterrorism official. "We didn't even blow up a baby-milk factory." In fact, despite strong suspicion that bin Laden was behind...