Return-Path: <sentto-279987-3090-1003418521-fc=all.net@returns.onelist.com> Delivered-To: fc@all.net Received: from 204.181.12.215 by localhost with POP3 (fetchmail-5.1.0) for fc@localhost (single-drop); Thu, 18 Oct 2001 08:23:09 -0700 (PDT) Received: (qmail 17981 invoked by uid 510); 18 Oct 2001 15:21:43 -0000 Received: from n12.groups.yahoo.com (216.115.96.62) by 204.181.12.215 with SMTP; 18 Oct 2001 15:21:43 -0000 X-eGroups-Return: sentto-279987-3090-1003418521-fc=all.net@returns.onelist.com Received: from [10.1.1.224] by n12.groups.yahoo.com with NNFMP; 18 Oct 2001 15:22:03 -0000 X-Sender: fc@big.all.net X-Apparently-To: iwar@onelist.com Received: (EGP: mail-8_0_0_1); 18 Oct 2001 15:22:01 -0000 Received: (qmail 53606 invoked from network); 18 Oct 2001 15:21:50 -0000 Received: from unknown (10.1.10.142) by 10.1.1.224 with QMQP; 18 Oct 2001 15:21:50 -0000 Received: from unknown (HELO big.all.net) (65.0.156.78) by mta3 with SMTP; 18 Oct 2001 15:21:49 -0000 Received: (from fc@localhost) by big.all.net (8.9.3/8.7.3) id IAA14088 for iwar@onelist.com; Thu, 18 Oct 2001 08:21:42 -0700 Message-Id: <200110181521.IAA14088@big.all.net> To: iwar@onelist.com (Information Warfare Mailing List) Organization: I'm not allowed to say X-Mailer: don't even ask X-Mailer: ELM [version 2.5 PL1] From: Fred Cohen <fc@all.net> X-Yahoo-Profile: fcallnet Mailing-List: list iwar@yahoogroups.com; contact iwar-owner@yahoogroups.com Delivered-To: mailing list iwar@yahoogroups.com Precedence: bulk List-Unsubscribe: <mailto:iwar-unsubscribe@yahoogroups.com> Date: Thu, 18 Oct 2001 08:21:40 -0700 (PDT) Reply-To: iwar@yahoogroups.com Subject: [iwar] [fc:Rumsfeld.Gets.Third.Extension.To.Finish.Holdings.Divestiture] Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Bloomberg.com October 17, 2001 Rumsfeld Gets Third Extension To Finish Holdings Divestiture By Judy Mathewson Washington -- Defense Secretary Donald Rumsfeld has requested and received a third extension of his deadline for divesting himself of financial holdings that could pose conflicts of interest. Rumsfeld has had trouble divesting some of his private investments, such as limited partnerships, hedge funds and venture capital funds, his spokesman, Rear Admiral Craig Quigley, has said previously. Quigley couldn't be reached for comment today. The new 90-day extension for completing the sales was granted by the Office of Government Ethics, an office spokesman said. Rumsfeld was granted his first 90-day extension after failing to meet an April 20 deadline for selling holdings that were identified as doing business with the Pentagon or presenting other potential conflicts. The second extension was granted in July. Since then, Rumsfeld has directed the response of U.S. military forces to the Sept. 11 terrorist attacks on the World Trade Center in New York and the Pentagon. On Oct. 7, the U.S. began a bombing campaign against targets in Afghanistan where the suspected terrorist leaders are harbored. While Rumsfeld's divestiture of about 250 blocks of stock in public companies was a fairly simple process that is now complete, it has proved much harder to arrange the sale of his private holdings, Quigley said. Rumsfeld's holdings in private companies and investment funds were valued at as much as $99.3 million, based on the high end of the broad ranges used in public disclosure forms. In the ethics agreement that he signed as a nominee, Rumsfeld pledged to divest himself of holdings that present potential conflicts. It is not clear how many of his private holdings Rumsfeld pledged to sell. The sections of Rumsfeld's ethics agreement that pertain to the private holdings were blacked out when the U.S. government released the document in April, to help Rumsfeld limit potential losses on their sale. Without a public market to set the value of the investments, there is no place to sell them except in private transactions to other buyers, a situation that requires Rumsfeld's financial advisers to negotiate sale prices. Rumsfeld was the chairman of Gilead Sciences Inc. before he took his job as Defense Secretary. ------------------ http://all.net/ Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
This archive was generated by hypermail 2.1.2 : 2001-12-31 20:59:55 PST