Goldman-Sachs money-making opportunities

Louis Proyect lnp3 at
Sun Mar 23 09:06:25 MST 2003

NY Times Op-Ed, Mar. 23, 2003
Perle's Plunder Blunder


Although his position on the Defense Policy Board is not paid, Mr. Perle is
still bound by government ethics rules that forbid officials from reaping
financial benefit from their government positions. He and his lawyer told
Mr. Labaton that his work for Global Crossing did not violate the rules
because he did not lobby for the company and was serving in an advisory
capacity to its lawyers.

But that distinction is silly because Global Crossing has so many other big
names on its roster of influence-peddlers that it doesn't need Mr. Perle's
Guccis for actual lobbying footwork or advice on the process. His name
alone could be worth the $725,000 if it helps win the Pentagon's seal of

His convictions of right and wrong extend to the right and wrong
investments. On Wednesday he participated in a Goldman Sachs conference
call to advise clients on investment opportunities arising from the war,
titled, "Implications of an Imminent War: Iraq Now. North Korea Next?"

Maybe Mr. Perle should remove the laurel wreath from his head and replace
it with a paper bag.


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