Yet another failed business Dubya was involved with
It appears Dubya is a even worse businessman than Bill Simon, even if both politicians want us to think otherwise.
DAVID IGNATIUS, INTERNATIONAL HERALD TRIBUNE – It’s not something George W. Bush talks about much – indeed, it has been virtually purged from his official biography – but for four years in the early 1990s, Bush was a director of a company that ultimately collapsed under the weight of its junk-bond financing and management mistakes. The privately held company, called Caterair International, was created in 1989 when Marriott Corp. spun off its airline catering business to investors organized by a Washington investment bank, the Carlyle Group.
What intrigued the Dallas newspaper was that Bush had dropped the Caterair connection from his official campaign resume in August 1994.