Congressional gridlock has been a boost to the private equity-style shop at the Defense Department that’s free to do their bidding with impunity.
Cerberus
Posted inMoney, Politics, and Power
The Pentagon Buyout King
Stephen Feinberg moved from private equity giant Cerberus to the Defense Department. The resulting ‘Wall Street playbook,’ critics charge, has led to cronyism and waste.
Posted inMoney, Politics, and Power
Top Pentagon Official Contracted Personal Lawyer to Handle Pentagon Minerals Deal
Alan Waldenberg manages Stephen Feinberg’s personal trust and is lead outside counsel to his former private equity firm. He has also represented the agency where Feinberg is the number two civilian official.
Posted inMoney, Politics, and Power
Top Defense Official Could Reap Windfall From DOD Settlement
Stephen Feinberg founded private equity giant Cerberus. A Cerberus-owned firm is poised to settle one of the largest government lawsuits ever—against the very agency Feinberg now helps lead.