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Tuesday, December 23, 2003

Six degrees of prostitution 

Or, A Perle of great price. Krugman:

Inevitably the list includes both Henry Kissinger and Richard Perle, whom I hereby propose (stealing an idea from Slate's Tim Noah) as the subject of a parlor game about cronyism, along the lines of "Six Degrees of Kevin Bacon." The former Pentagon official, who has close ties to Donald Rumsfeld, has enthusiastically embraced the advantages of being both a businessman and a policy insider. His prestigious if part-time official position on the Defense Policy Board provides him with credibility, and at least the suggestion of both inside information and policy influence. This has led to lucrative consulting deals, and has attracted investments in his venture capital fund, Trireme Partners.

Last August, in a moment of supreme synergy, Mr. Perle, wearing his defense-insider hat, co-wrote a Wall Street Journal op-ed praising the Pentagon's controversial Boeing tanker deal. He didn't disclose Boeing's $2.5 million investment in Trireme.

Sure enough, Hollinger also invested $2.5 million in Trireme, which is advised by Lord Black. In addition, Mr. Perle was paid more than $300,000 a year and received $2 million in bonuses as head of a Hollinger subsidiary. It's good to have friends.

(I think Krugman gives Perle too much credit.)

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