Scoop: Suzan Mazur: Bush And The Mormons

Scoop: Suzan Mazur: Bush And The Mormons

Co-Founder of Carlyle Group, David Rubenstein, talking about setting up Cater Air after Carlyle acquired it: “When we’re putting together the board,” Rubenstein said, ‘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 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.’ …We put him on the board and (he) spent three years. Came to all the meetings. … 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 much value to the board. You don't know that much about the company.’ The board member told him, Rubenstein said, ‘Well I think I'm getting out of this business anyway. 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,’ Rubenstein said. ‘He became president of the United States. So if you said to me, name 25 million people who would be president of the United States, he wouldn't be in that category. So you neverknow." Nicholas Horrock, “White House Watch: With Friends Like These,” UPI, July 16, 2003