Recently by James Altucher: 10 Unusual Things I Didn't Know About SteveJobs
I had five seconds to make the secretive most powerful man in the world like me so I could potentially make millions. James, Bill McCluskey said to me, this is Alan Quasha. Bill was CEO of Brean Murray, one of the mini-banks I considered selling my fund of hedge funds to in 2006. We had a deal on the table and I was desperate at the time to make it work. The table was circular, there were papers on it with numbers, I was bullshitting every which way I could about synergies. Whatever. That was months later. But first I had to meet Alan Quasha, the owner of Brean Murray, at an event they were throwing, and he had to like me. Because
Alan Quasha squinted his eyes, shook my hand. He had no idea who I was. I certainly wasnt anything like George W. Bush, the man Quasha had personally saved in 1986. The man Bush owes his sobriety to. In 1986 Bush was CEO of some oil company that was going down in flames. Possibly the worst oil company in Texas history.
Some calls were made and Quashas Harken Oil bought Bushs company for millions of dollars. Then, of course, a few years later, Bush sold his shares in Quashas Harkin Oil right before Harkin Oil announced a mega-loss and the stock tanked. Bush used his profits to buy a stake in the Texas Rangers, sold that stake later for 10-15 million dollars and was finally able to follow his fathers sage advice (dont go into politics until you get rich ***).
Family of Secrets: The... Best Price: $5.72 Buy New $13.06 (as of 10:00 EDT - Details)
Lets spell out what that means: if Alan Quasha called up W on September 12, 2001 in the middle of Bush pouring over maps of the jungles of Afghanistan to see where we would invade (do they have jungles in Afghanistan? Do we really need an h in Afghanistan?), Bush would say hold all calls, close the doors of the Oval Office and say Hi Daddy Number 2?, to Quasha. He owed his life, his livelihood, the Texas Rangers, the Presidency, all to Alan Quasha and now I was shaking Quashas hand. I had five seconds to make Alan Quasha like me almost as much as he liked Bush so he would buy my company. Why? Alan Quasha was Chairman of Brean Murray.
Fast-forward about ten seconds. Alan Quasha had moved on. Now I was being introduced to Terry Mcauliffe. Terry was the Vice-Chairman of Brean Murray. Terry was known in most circles as Bill Clintons best friend. Terry raised the bulk of the money for the two Presidential campaigns that Bill was in (the first, of course, where he crushed Bush, the Elder). Im guessing Terry also raised the money for all of Hillarys political races. If Chelsea Clinton ever ran for Mayor of New York (now that Weiner is out of the running so you never know) I bet Terry would raise all the money for her race as well.
So there you have it. The biggest mastermind in Republican politics, the behind the scenes mover and shaker across the entire Bush family, was Chairman of the company. And the biggest mover-and-shaker in Democrat politics, was Vice Chairman. The war of values, between Democracy and Republicanism that our founders had fought for, had shed blood for, was over between them, if it ever even existed. Screw The Federalist Papers! Lets make some money!
June 28, 2011