Monday, March 30, 2026

Trump's Iran War: March Good to Two Generals


Face the Nation
interviewed General Frank MacKenzie regarding Trump II's war of choice on Iran.  I searched for any private equity ties.  General MacKenzie added two new jobs since Trump II attacked Iran on Saturday, February 28th (other than his recent naming as President of The Citadel).

WestExec Advisors added MacKenzie as Principal on March 12th, while Teneo announced MacKenzie's Senior Advisor role on March 27th.  Another general, James Hecker, was added to the same two firms in the same roles as MacKenzie.


Teneo was founded by Doug Band, Declan Kelly and Paul Keary.  Two of the three left the firm after uncomfortable news broke.

Doug Band left in December 2020 to focus on his family office (generational wealth created in part from PEU consulting).  He broke the Larry Summers "insiders don't say bad things about insiders" rule.

Teneo's connected consultants help private equity underwriters (PEU) who lever political relationships as well as equity.  


Declan Kelly left Teneo in 2021 after behaving boorishly at a fundraiser.


Kelly started his own advisory firm complete with a captive PEU, Consello Capital.   Founder Keary managed to avoid a nasty exit and is currently Teneo's CEO.

The other firm employing the two Generals is WestExec Advisors.  This firm supplied a number of Biden cabinet members, as did Pine Island Capital, another PEU.  WestExec has two former Red Team Congressmen on board.


 Teneo has bipartisan stripes, long a PEU staple in their employment stable.  


Bill Clinton and Tony Blair once acted as paid advisors to Teneo.  

Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren.  Increasingly, more are one.  The whole sodden lot wants to remake the world in their favor, not yours.  That's the nation we face.