A penetrating look at the company at the nexus of big business, government, and defense
The Carlyle Group is one of the largest private equity firms in the world with over $13 billion in funds. Carlyle's investments include everything from defense contractors to telecommunications and aerospace companies. But there is more to this company than meets the eye. Carlyle's executives include heavyweights from the worlds of business and politics, such as former secretary of defense and CIA deputy director Frank Carlucci, former secretary of state James Baker III, former President George Bush, former UK Prime Minister John Major, and former chairman of the SEC Arthur Levitt. Osama Bin Laden's estranged family was personally invested in the group until recently. In The Iron Triangle, journalist Dan Briody examines a company at the nexus of big business, government, and defense that, according to some sources, epitomizes corporate cronyism, conflicts of interest, and war profiteering. This fascinating examination leads readers into a w orld that few can imagine-full of clandestine meetings, quid pro quo deals, bitter ironies, and pettyjealousies. And the cast of characters includes some of the most powerful men in the world. Strap in, because this ride could get a little bumpy.
Dan Briody (New York, NY) is an award-winning business journalist whose Red Herring article "Carlyle's Way" broke the story on the inner workings of the Carlyle Group. Briody has appeared on numerous radio and television programs covering the Carlyle Group and has become a primary source for other journalists covering this story. Briody's articles have appeared in Forbes, Red Herring, and the Industry Standard.
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Most Helpful Customer Reviews
I liked 'The Iron Triangle.' It is, first, well-written for a book of its type, with a clear, coherent, easy-to-read format. Also, it is well-researched, and reasonably comprehensive for its length. Content-wise, I found the book to be equally pleasing. The author employs sound logic, and avoids sensationalism; likewise, he makes a compelling argument for his insinuations -- which, it should be said, are all that are made within the text, avoiding any definitive conclusions or judgments about the Carlyle group's nature and intentions (not necessarily a bad thing, in my opinion, since journalism far too often jumps to conclusions these days). Overall, the text does a good job of providing a glimpse into the hidden machinery of so many of today's institutions, as to demonstrate how there is often little distinction between government and industry. In the process, the book explores the questionable interests which drive many of these politico-economic organizations, and how those motivations can differ drastically from stated intentions. The book's most profound point, however, is a subtle corollary to the rest: namely, the relevance of the workings of such shadowy groups as Carlyle, by which even the common "man on the street" is affected (however far removed such average folks might be from those circles). Much food for thought in this book. I learned a thing or two, all in all. My sincere thanks goes out to this book's author, subjects, and publisher. I am grateful for, and have benefited from, your work and service.
Interesting look inside Carlyle, but totally biased and filled with incendiary, tabloid style language that makes the author look more like someone with an axe to grind than a professional writer.
This book is worth reading, given that the Carlyle Group employs important former politicians (such as the first President Bush) and deals with politically sensitive companies. This history of the mammoth private equity firm with its fingers in many government pies reminds you that the right relationships and the right schools can compensate for professional ineptitude. And, if a fraction of author Dan Briody¿s implications about it are true, democracy is in serious trouble. But is even a fraction true? This clumsy compilation leaves you wondering. More original reporting and less exaggeration and bias would have helped Briody prove his conspiracy theories. Unfortunately, he does not display the requisite expertise about finance, law, politics or the arms trade. Indeed, given the innuendoes he delivers in breathless, clichéd prose, you could ask if the book just might include a stretcher or two. It is a suggestive stage whisper from outside the political theater¿s back door. We say you¿ll find this novelistic report intriguing, if you take it with a grain of salt.
How may people even know about the Carlyle Group and how they do business ? The dumbed down TV watchers need to read books like this. This book is full of all kinds of info you will not find in the establishment Press.
The author lets his politics get in the way of true investigative journalism that might have really benefited the American public. The truth is that the Carlyle Group does business the way that many companies do business, i.e., through lobying and the use of influence. Republicans, Democrates, independents, etc., all use the same methods to enrich themselves; it's the American way. In general, this book implies guilt through association, but does not provide any significant facts of wrong-doing. It relies on the public's willingness to believe in conspiracy theories. Save your money, don't buy the book.