Thursday, April 3, 2008

Peter Pace Promoted to PEU

General Peter Pace continued his great string of appointments. In January, SM&A Strategic Advisers named Pete as their President and CEO. In addition, he nabbed a spot on the parent company board. March saw Gen. Pace get appointed to President Bush's Oversight Intelligence Board. April found Behrman Capital, a private equity underwriter (PEU) in need of an operating partner, one to help grow their defense and aerospace business. The ex-chair of the Join Chiefs of Staff filled the bill.

Apparently Behrman needed lots of help as it gave Peter numerous jobs. Fox Business reported:

General Pace has been named Chairman of the Board of Behrman portfolio company Pelican Products, Inc., a Torrance, CA based global leader in the design and manufacture of advanced lighting systems and virtually indestructible cases for protecting valuable equipment. He has also been named a Director of portfolio company ILC Industries Inc., a defense electronics and engineered softgoods provider based in Bohemia, NY.

It's a good thing Gen. Pace doesn't have to work full time as President of SM&A Strategic Advisers for that $560,000 first year compensation. That gives him time to help Behrman and its subsidiaries. Eisenhower worried about the looming military industrial complex, which has since morphed into the government industrial monstrosity. General Pace is but the latest example of the fox in the chicken house. How ironic his latest large money making scheme was revealed by Fox News' Business franchise.