Ten organizations today urged Facebook CEO Mark Zuckerberg to shut down American Edge, a new political advocacy group that Facebook launched to influence federal policymaking through advertising and political spending.
After watching the Cane Brew commercial with its Matthew McConaughey like CEO, I looked under the bottle cap to sample its leadership content.
American Edge had the necessary Red & Blue political stars on their various advisory boards. Nearly all are private equity underwriters (PEU) ranging from Pine Island Capital to Liberty Strategic Capital to Fortress to Google Partners.
Their advisory board is a walk down memory lane. Two members, Frances Townsend and Greg Walden, played a significant role in PEU Report stories over the years.
Fran wrote the White House Lessons Learned Report on Hurricane Katrina which omitted the hospital with the highest patient death toll, Lifecare Hospitals, a Carlyle Group affiliate. It's nice when the White House does your risk management for you. Fran went on to work for Carlyle advisor James A. Baker's law firm advising corporations on how to get out of their government messes. She then joined PEU MacAndrew & Forbes before going to Activision, which is selling to Affinity Partners and Middle East sovereign wealth funds.
Greg Walden was head of the National Republican Congressional Committee's (NRCC's) oversight function during the years Chief Financial Officer Chris Ward embezzled over $1 million. Walden's group could not provide the basic oversight required by a local nonprofit organization, getting a financial audit and have it presented by the partners in the audit firm.
It's no wonder the American Edge Project is doing the TechGod's bidding (like Fran did for Carlyle) and asking for no oversight (like Walden did for the NRCC).
What comes around goes around. Politicians Red & Blue love PEU and their new TechGod brethren. Increasingly, more are one.