Word: insiderism
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In the face of heated opposition from consumer activists and Democrats, Michael Baroody of the National Association of Manufacturers Wednesday withdrew his doomed nomination to lead the Consumer Product Safety Commission. Democrats had attacked President Bush for assigning "the fox to guard the henhouse," and consumer activists had blasted Baroody...
But Baroody is not a corporate insider - he's a Washington insider. And he's not a businessman - he's a business lobbyist. Those may sound like irrelevant distinctions, but they're critical to understanding the Bush Administration, where energy lobbyists oversee mining and drilling, timber lobbyists oversee logging, hospital...
No matter how hard he tried, George Tenet was never going to be a Bush insider. He had worked for a Democrat on Capitol Hill. He was tapped to be CIA director by, of all people, Bill Clinton. He was the lone foreign policy holdover from eight years of Democratic...
Harvard graduates Theodore J. Kaczynski ’62, the Unabomber, Jeffrey K. Skilling, former CEO of Enron, and Eugene N. Plotkin ’00, a former Goldman Sachs employee indicted for insider trading, have at least one thing in common.
A federal district court jury in Denver deliberated six days before finding Joseph Nacchio, former CEO of Qwest Communications, guilty of 19 counts of insider trading. Nacchio, 57, made millions selling Qwest stock, touting the company's bright prospects even while its fortunes were tanking. Sentencing is set for July...