The Hellhole Spectator: Bill Perry's Asian Portfolio
Timmerman, Kenneth R.
This is the background image for an unknown creator of an OCR page with image plus hidden text. Mary is intent on bagging herself a lion, and for Hemingway the sporting life is, well, as...
...For all his service to the nation, he believes it is only fitting that he receive just compensation, even if that compensation comes while he is still doing the government's bidding...
...However, the smug, elitist tone of your heading for that piece makes you all look like the very Washingtonian snobs you otherwise so delightfully skewer...
...In the past two years alone, six companies were required to disclose an investment share owned by GTP, all of them in the defense and high-tech areas...
...The stock package is currently worth $156,600...
...Perry is often called the "father of stealth" because of his role as an undersecretary of defense during the Carter years in encouraging the defense industry to pursue costly new initiatives at government expense that led to the revolutionary stealth fighter...
...Ashton B. Carter, former assistant secretary of defense for international security policy...
...Appreciating the beauty of the night sky is no different from enjoying a mountain view, or the sparkle of a clear-running stream...
...The American Spectator • November 1999 Correspondence (Continued from page ir) Greek, and Roman (dead white males...
...In April 1997, Perry joined the board of Cylink Corp., a Sunnyvale, California manufacturer of network security products and spread spectrum radio products, a technology initially developed by the U.S...
...Illgen Simulation Technologies, Inc., of Goleta, California...
...B ut the biggest potential windfall is provided by Perry's own investment group, Global Technology Partners (GTP...
...Altogether, these sweetheart stock deals are worth more than $ 3 .6 million at current market rates, while Perry's directorships have netted him an additional $150,000 per year in cash...
...And of that, approximately 78 percent came from solesource contracts, a sweetheart deal worked out with Pentagon acquisition managers...
...On the face of it, no...
...Overruling the objections of the National Security Agency and the Pentagon's own Defense Technology Security Administration, Perry determined that the sale was in the national interest because it would help the Chinese military to improve its communications networks, thus helping reduce the possibility of accidental war...
...that of giving it...
...Were it not for its diligent work, Tucson, Arizona, would be awash in an uncontrolled glow of artificial light, and its lure as an international astronomical research center would vanish...
...John P. White, former deputy secretary of defense...
...Perry is paid S6o,000 per year in director's fees from UTC, and has been granted 2,000 shares of stock and 2,217 options, worth a total of $2 36,152 at current market prices...
...Out here in Colorado, where the buffalo no longer roam, and the deer and the antelope must play amid burgeoning suburbia, the light domes over Denver and Colorado Springs are visible from the Kansas state line, over 120 miles away...
...What Perry earned through his ties to Hambrecht & Quist is not reported, but could well be many times that amount...
...It's anyone's guess what this business alone nets Perry...
...Condor supplies highlyclassified "black" products to the U.S...
...Hemingway was a man of parts, an impressive piece of work, but for the work that he wanted to secure his immortality, the necessary parts were simply not there...
...The largest of these on record, Condor Systems Inc., calls itself "one of the world's leading providers of technologically advanced signal collection and specialized electronic countermeasure products and systems in the electronic warfare (EW) industry...
...In a scant 18 months, Perry's stock was suddenly worth more than $z.6 million...
...In a case initially exposed in these pages in April 1996, Perry used his position as deputy secretary of defense in 1993 and early 1994 to help a friend and business partner, Stanford University Professor John Lewis, obtain a waiver of national security export controls so he could sell highly sensitive telecommunications gear to a company controlled by the Chinese military...
...Does it matter that a former secretary of defense is deeply engaged in the high-tech business...
...Still, for a writer, he was a hell of a good shot...
...In fact, Perry gets high marks from people in the industry for his understanding of new technologies and what is required to get them to market in a timely manner...
...Killing is a high pleasure for those men who have not learned how to die...
...Several lesser known companies made Perry more money...
...After leaving the Defense Department the first time in 1981, Perry returned to the San Francisco Bay area as a managing partner, and eventually executive vice president of Hambrecht & Quist...
...This is one of the most profound feelings in those men who enjoy killing...
...The plot maunders, the dialogue is stilted (of course, it is quite possible that Hemingway and his wife actually spoke this way, having learned how from his books), and the sententiousness makes one giggle...
...After changing the name to Technology Strategies & Alliances, in 1986 Perry engineered the $1 billion buyout of defense electronics specialist Sanders Associates by Lockheed...
...At issue was his continued interest in TS&A, which had investments in ten small, private hightech firms, including four defense companies with Pentagon business: Cambridge Research Associates, of McLean, Virginia...
...When you get there...
...The joys of killing are not apparent to all...
...Perry was given a nominal $ 5 ,000 per year in director's fees, and 75,000 stock options at a weighted exercise price of $1.25 per share...
...Army for its fleet of RC-12 November 1999 • The American Spectator This is the background image for an unknown creator of an OCR page with image plus hidden text...
...Breathes there a man with soul so dead...
...Air Force for special operations aircraft, to the U.S...
...To be as great an artist as Hemingway hoped to be—and he spoke of himself as getting into the ring with Tolstoy and Shakespeare—one must be a more complete man than to be a man of action...
...six thousand years of history is literally being lost from view...
...But when Perry retains his extensive business interests and his sweetheart ties with the Pentagon and the intelligence community while negotiating what amounts to an international treaty agreement on behalf of the government of the United States, it matters very much indeed...
...and ISX Corp., of Westlake, California...
...While Perry and his partners are not the only investors in Condor, they own the controlling interest and have the right to name three of the company's five directors...
...During his confirmation hearings in February1994, Perry said he had sold his interest in TS&A to Paul Kaminski, who joined Perry shortly afterwards as undersecretary for acquisitions, the plum spot for awarding hightech, single source contracts...
...Mary is intent on bagging herself a lion, and for Hemingway the sporting life is, well, as good as it gets: "Now we have what the old men believe they will have when they die...
...And until now, the administration, and even Congress, would appear to agree...
...Perry has himself shown that he doesn't always know where to draw the line...
...DARRELL G. MASON Colorado Springs, Colorado Regarding September's Current Wisdom item on "light trash," culled from the Monterey County Herald: Would you all please do the honor of educating us poor, outsidethe-Beltway folk on the connection between preserving what remains of the night sky that God gave us, and the exploits of Nader or Mussolini...
...Although Perry earns a scant $1,000 a year in director's fees, the company granted him stock options currently worth $392,964 for his services, according to SEC filings...
...Guardrail reconnaissance aircraft and its Blackhawk helicopters, and to the U.S...
...So extensive were Perry's ties to industry that the Senate Armed Services Committee had to grant him an unusual conflict of interest waiver in May1996...
...In 1997 Perry joined the board of United Technologies Corp., whose Sikorsky Helicopter division is engaged in a joint venture to build a civilian version of its S 72 military troop transport in China with a company controlled by the People's Liberation Army...
...Hellhole Spectator/ Timmerman (Continued from page 57) director's position at H&Q...
...She might not have to tell Hemingway, but how about the rest of us...
...Irving B. Yoskowitz, former executive vice-president and general counsel of United Technologies...
...Navy's Aegis class ships, Los Angeles class nuclear missile submarines, and the New Attack nuclear submarines...
...When Lucent Technologies bought out Yurie in May-1998, the directors included a provision in the buyout contract that protected their options and converted them into cash or Lucent stock at the equivalent buy-out price of $35 a share...
...drink well once Memsahib kills her lion...
...He was given 1,000 shares of stock as a bonus, with an additional 2,480 shares as deferred compensation...
...For the first time in man's history, we are gaining a true understanding of the universe around us, but we are rapidly losing the ability to see it at all...
...Hemingway was himself such a man, and he demonstrates in action and in writing what it means for someone like that to live and die...
...eat good meat...
...Mary says of the lion she is hunting, "He's wonderful and he is intelligent and I don't have to tell you why I have to kill him...
...But when a man is still in rebellion against death he has pleasure in taking to himself one of the Godlike attributes...
...One hopes that Hemingway had his sportsman's paradise then, because now and ever after this book is destined for literary perdition...
...Now we hunt good...
...Did you have to see only the words "Monterey County" to assume it was nothing but leftist propaganda...
...Army for secure frequency-hopping military radios...
...Hambrecht & Quist founder William Hambrecht is the main financial backer of the pro-Clinton Internet magazine Salon...
...Not long after Perry joined the board, CEO Phil Condit boasted that China's manufacturing share of each Boeing airliner had become so great that "every time a Boeing flies to China, it is going home...
...For such men, sport aspires to the condition of war, and war is the best sport going...
...In 1997 Perry also joined the board of Boeing Corp., where he earns S 36,000 in director's fees...
...Believe it or not, there are many persons of the conservative bent who happen to love the night sky, and enjoy a quiet evening in the backyard behind a telescope...
...Please, just once, on any clear night, step out of your townhomes, hop into your Range Rovers and head out beyond the Beltway and into the sticks (i.e., out of cell-phone range...
...When Kaminski joined the Pentagon, he sold the shares to freshly retired Navy Admiral David E. Jeremiah, who was tapped in July 1999 to do the CIA's damage assessment of the Chinese nuclear espionage case...
...GTP's venture capital activities come to light only when one of its companies files initial public offering documents with the SEC...
...A partnership in Splitrock Services, set up by Perry friend Kwok Li, netted Perry a $90,000 share when the stock went public recently...
...Perry believes he is a true mandarin, a member of a tiny, elite caste of national security policy makers who are answerable to no one, and whose wisdom is beyond dispute...
...Among Perry clients were all the giants of the aerospace industry, including Boeing, Grumman, Lockheed, TRW, and Martin Marietta...
...It's what once was called "conflict of interest...
...Paul G. Kaminski, former undersecretary of defense for acquisitions...
...Urban residents are lucky if they can see a few dozen wan stars, instead of the thousands visible from (rapidly disappearing) dark-sky sites...
...In 19 98, the company generated more than Sioo million in revenues, virtually all of it from deals with the U.S...
...A passage from Death in the Afternoon (1932), Hemingway's study of the bullfight, serves as a guide for the perplexed: "Once you accept the rule of death thou shalt not kill is an easily and a naturally obeyed commandment...
...The International Dark-Sky Association is to be commended for its efforts to educate the public on the benefits of efficient lighting practices for cities throughout the U.S...
...Delfin Systems, of Reston, Virginia...
...Robert J. Hermann, former head of the National Reconnaissance Office (the agency that operates all of our spy satellites) and former vice president of United Technologies...
...Perry's biggest windfall so far has been with Yurie Systems Inc., an earlier company set up by Kwok Li...
...In 1985, he married his government and business contacts by founding H&Q Technology Partners, Inc., which specialized in funding high-tech companies that sold extensively to the Defense Department and the intelligence community...
...The list of his six partners reads like a Who's Who of the Clinton administration's military and intelligence hierarchy: • John M. Deutch, former undersecretary of energy, deputy secretary of defense, and director of Central Intelligence...
...military...
...and make the happy hunting grounds while we are alive...
...It's a small world...
...but he offers little in the way of wisdom for those who, having accepted the rule of death, want to live a good life and to die well...
Vol. 32 • November 1999 • No. 11
