Word: trades
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Dates: during 1990-1999
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...Huang was moving seamlessly from his role as vice chairman of a Lippo Group bank in California to become a specialist in Asian trade for the Commerce Department. As a going-away gift from Lippo, Huang received $780,000 in salary and bonuses just before joining the government...
Once Huang joined Commerce, his appointment paid dividends. Secretary Brown led a trade mission to China the month after Huang arrived and returned with a $1 billion power-plant project to be financed by the Lippo Group and managed by Entergy Corp., a Louisiana-based concern with heavy interests in Arkansas. Commerce officials say Huang disqualified himself from any matters involving Indonesia because of his work for Lippo. But congressional investigators have uncovered documents to dispute that. They show that shortly after Huang joined the department, he attended two meetings at which officials from several federal agencies discussed ways...
...export-oriented American business, an invitation to join the U.S. Commerce Secretary on one of his trade missions abroad is like a World Series ticket--the hottest seat in town, and something you just might pay top dollar to get. In 1992 Bill Clinton promised that his Administration would fight hard to help American companies win foreign business. That's a worthy goal of trade missions, which provide selected CEOs with priceless connections to the corporate heads and government officials of other nations...
These missives occasionally show federal officials urging their superiors to favor donor executives. In one letter, Reta Lewis, a political affairs official at the White House, urges that a spot be found for Gerald McGowan, a partner in a Washington law firm, on a trade mission to Indonesia or India. For one thing, Lewis points out, McGowan qualifies as a D.N.C. "managing trustee," someone who gives $100,000 a year to the Democratic National Committee...
...less clear. Research from another watchdog, the Center for Public Integrity, indicates that nongivers outnumbered givers on trips 2 to 1. Records compiled by the group show that in the early 1990s, at least 187 firms (including Time Warner, parent company of TIME's publisher) took part in trade missions sponsored by Commerce. Of those, 67 firms, or 36%, were Democratic Party donors. And many of those gave money to the G.O.P. as well...