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Old 02-16-2007
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IronMaiden27 IronMaiden27 is offline
Secretary of Defense
All Your Base Are Belong to Us

 
Member Since: Mar 2006
Location: Mass
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Re: North Korea is ready to behave..Thanks George!

http://www.netscape.com/viewstory/2006/10/10/what-did-donald-rumsfeld-know-about-abbs-deal-to-build-nuclear-reactors-there/?url=http%3A%2F%2Fmoney.cnn.com%2Fmagazines%2Ffort une%2Ffortune_archive%2F2003%2F05%2F12%2F342316%2F index.htm&frame=true

Quote:
(FORTUNE Magazine) – Defense Secretary Donald Rumsfeld rarely keeps his opinions to himself. He tends not to compromise with his enemies. And he clearly disdains the communist regime in North Korea. So it's surprising that there is no clear public record of his views on the controversial 1994 deal in which the U.S. agreed to provide North Korea with two light-water nuclear reactors in exchange for Pyongyang ending its nuclear weapons program. What's even more surprising about Rumsfeld's silence is that he sat on the board of the company that won a $200 million contract to provide the design and key components for the reactors.

Rumsfeld declined requests by FORTUNE to elaborate on his role. But ABB spokesman Bjorn Edlund has told FORTUNE that "board members were informed about this project." And other ABB officials say there is no way such a large and high-stakes project, involving complex questions of liability, would not have come to the attention of the board. "A written summary would probably have gone to the board before the deal was signed," says Robert Newman, a former president of ABB's U.S. nuclear division who spearheaded the project. "I'm sure they were aware."

FORTUNE contacted 15 ABB board members who served at the time the company was bidding for the Pyongyang contract, and all but one declined to comment. That director, who asked not to be identified, says he's convinced that ABB's chairman at the time, Percy Barnevik, told the board about the reactor project in the mid-1990s. "This was a major thing for ABB," the former director says, "and extensive political lobbying was done."
ZING!
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