Saturday, December 11, 2010

Spain Lands in PEU Plane

WSJ reported:
Ken Spain, who spent four years at the National Republican Congressional Committee, is becoming vice president for public affairs at the Private Equity Growth Capital Council, a Washington-based advocacy group with an influential roster of member companies.

Did Ken help spin the NRCC embezzlement scandal, which unraveled in early 2008? Did he create the hero story with Rep. Mike Conaway or the one with staffer Jeff Burton? Was Chris Ward’s scheme complex or simple? Maybe Spain can tell us if the Chris Ward working for Deloitte & Touche in the UAE is the same as the NRCC embezzler.

Spain was awarded a "Flak Jacket" for PR skills by lobbyist Quinn Gillespie, which described the 2008 award as:
Recognizing those on the PR front lines, the "Flak Jacket" award represents the best of the profession-- level-headed, quick on their feet, silver-tongued and tough as nails.

Spain can cover for private equity underwriters (PEU’s) should they abscond with someone else’s money.