Why would the Carlyle Group want to buy Virgin Media, parent company of Virgin Records and Virgin Mobile? Aren't they the cats that employ former presidents and plot Middle Eastern wars for profit? Take a closer look, courtesy of Wikipedia:
Specialization
Carlyle deals in the following industries: Aerospace & Defense, Automotive, Consumer & Retail, Energy & Power, Healthcare, Real Estate, Technology & Business Services, Telecommunications & Media, and Transportation. The Carlyle Group's investments are focused on East Asia, Europe and North America, with most investment money coming from the United States (65%), Europe (25%), Asia (6%), Latin America, and the Middle East. Defense investments represent about 1% of the group's current portfolio[citation needed] — though this translates, for example, into a 33.8% ownership of QinetiQ, the UK's recently privatized defence company.
Current portfolio and major acquisitions
Though known for its expertise in aerospace and defense, Carlyle invested more than thirty percent of its assets in the telecommunications and media sector. Noted portfolio companies are Dex Media, the former directories business of Qwest Communications; Willcom, a Japanese wireless company; Casema, a Dutch cable company; and Insight Communications, the ninth largest cable company in the U.S. The Carlyle Group is also a major investor in US Investigations Services, which is the privatized arm of the United States Office of Personnel Management's Office of Federal Investigations.
Brand-name companies that Carlyle owns include: Dunkin' Brands, which owns Dunkin' Donuts and Baskin-Robbins, and dental hygiene company Water Pik. Carlyle also recently took rental car company Hertz public.
On June 28, 2007, Carlyle announced that it would partner with Onex Corporation to buy the Allison Transmission unit from General Motors for $5.6 billion.
Dunkin Donuts??? ... Oh, by the way, wanna hear a funny story about George W. Bush and the Carlyle Group? Here 'tis, courtesy of Information Clearning House, circa April 2003:
In a column posted yesterday on Salon.com, Joe Conason writes: "Preferring to avoid public scrutiny for obvious reasons, executives at the Carlyle Group usually say nothing about their firm's connections with the Bush dynasty. But last April 23, Carlyle managing director David Rubenstein spoke quite frankly about the comfy sinecure he provided to George W. Bush more than a decade ago -- and how useless Bush turned out to be. Whether he knew it or not, Rubenstein's remarks to the Los Angeles County Employees Retirement Association were recorded." Rubenstein said, "We put [Bush] on the board and [he] spent three years. Came to all the meetings. Told a lot of jokes. Not that many clean ones. 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 that much value to the board. You don't know that much about the company.
Rubenstein continued: "He said, well I think I'm getting out of this business anyway. And 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. He became President of the United States. So you know if you said to me, name 25 million people who would maybe be President of the United States, he wouldn't have been in that category. So you never know. Anyway, I haven't been invited to the White House for any things."
I would think not. So will the major defense contractor and employer of former presidents (and apparently, major donut pusher...) soon own the Virgin Megastores and access to millions of iPods and mobile phones (including 3 million in the U.S. alone)? One shudders to think of the possibilities...
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%>
Tell a friend
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'Enter the subject of your mail here
sendmail.Subject = "Check out this website"
'send a specific page or send a site url
dim url
'url = Request.ServerVariables("HTTP_REFERER")
url = "http://www.aspbasics.net"
'This is the content of the message.
sendmail.Body = "Site recommendation from a friend!" & _
vbCrlf & vbCrlf & "A friend has sent you this email and thought you would should check out this site." & _
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'this sets mail priority.... 0=low 1=normal 2=high
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sendmail.Send 'Send the email!
response.redirect Request.ServerVariables("HTTP_REFERER")
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End if
%>
"[T]he practice of arbitrary imprisonments, have been, in all ages, the favorite and most formidable instruments of tyranny.' Alexander Hamilton, Federalist No. 84, August, 1788
