This one is a scream...
David Rubenstein, the head of the Carlyle Group, in a candid, and unbeknownst to him, taped, interview, talks about how he was urged to give a fellow a break by granting him a place on the board. Boorish and useless, the fellow was eventually told to take a hike, to which he responded that he didn't need the stinking job anyway...in so many words.
This useless boor is now in the White House. Can you guess his name?
But when we were putting the board together, somebody came to me and said, look there is a guy who would like to be on the board. He's kind of down on his luck a bit. Needs a job. Needs a board position. Needs some board positions. Could you put him on the board? Pay him a salary and he'll be a good board member and be a loyal vote for the management and so forth.
I said well we're not usually in that business. But okay, let me meet the guy. I met the guy. I said I don't think he adds that much value. We'll put him on the board because - you know - we'll do a favor for this guy; he's done a favor for us. We put him on the board and spent three years. Came to all the meetings. Told a lot of jokes. Not that many clean ones. And after a while I kind of said to him, after about three years - you know, I'm not sure this is really for you. Maybe you should do something else. Because I don't think you're adding that much value to the board. You don't know that much about the company.
He said, well I think I'm getting out of this business anyway. And I don't really like it that much. So I'm probably going to resign from the board.
And I said, thanks - didn't think I'd ever see him again. His name is George W. Bush. He became President of the United States. So you know if you said to me, name 25 million people who would maybe be President of the United States, he wouldn't have been in that category. So you never know. Anyway, I haven't been invited to the White House for any things.