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Old April 7, 2003, 11:18   #1
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Rumsfeld's North Korean Connection...
http://villagenews.weblogger.com/stories/storyreader$7453
Quote:
Rumsfeld on ABB Board During Nuclear Deal with North Korea
Rumsfeld Was On ABB Board During Nuclear Deal with North Korea By Jacob Greber | swissinfo

February 21, 2003 6:07 PM

Donald Rumsfeld, the US secretary of defense, was on the board of technology giant ABB when it won a deal to supply North Korea with two nuclear power plants.

Weapons experts say waste material from the two reactors could be used for so-called "dirty bombs''.

The Swiss-based ABB on Friday told swissinfo that Rumsfeld was involved with the company in early 2000, when it netted a $200 million (SFr270million) contract with Pyongyang.

The ABB contract was to deliver equipment and services for two nuclear power stations at Kumho, on North Korea's east coast.

Rumsfeld -- who is one of the Bush administration's most strident "hardliners'' on North Korea -- was a member of ABB's board between 1990 and February 2001, when he left to take up his current post.

Wolfram Eberhardt, a spokesman for ABB, told swissinfo that Rumsfeld "was at nearly all the board meetings'' during his decade-long involvement with the company.

Maybe, maybe not

However, he declined to indicate whether Rumsfeld was made aware of the nuclear contract with North Korea.

"This is a good question, but I couldn't comment on that because we never disclose the protocols of the board meetings,'' Eberhardt said.

"Maybe this was a discussion point of the board, maybe not.''

The defense secretary's role at ABB during the late 1990s has become a bone of contention in Washington.

The ABB contract was a consequence of a 1994 deal between the US and Pyongyang to allow construction of two reactors in exchange for a freeze on the North's nuclear weapons programme.

North Korea revealed last year that it had secretly continued its nuclear weapons programme, despite its obligations under the deal with Washington.

The Bush government has repeatedly used the agreement to criticise the former Clinton administration for being too soft on North Korea. Rumsfeld's deputy, Paul Wolfowitz, has been among the most vocal critics of the 1994 weapons accord.

Dirty bombs

Weapons experts have also speculated that waste material from the two reactors could be used for so-called "dirty bombs''.

Rumsfeld's position at ABB could prove embarrassing for the Bush administration since while he was a director he was also active on issues of weapons proliferation, chairing the 1998 congressional Ballistic Missile Threat commission.

The commission suggested the Clinton-era deal with Pyongyang gave too much away because "North Korea maintains an active weapons of mass destruction programme, including a nuclear weapons programme''.

From Zurich to Pyongyang

At the same time, Rumsfeld was travelling to Zurich for ABB's quarterly board-meetings.

Eberhardt said it was possible that the North Korea deal never crossed the ABB boardroom desk.

"At the time, we generated a lot of big orders in the power generation business [worth] around $1 billion·[so] a $200 million contract was, so to speak, a smaller one.''

When asked whether a deal with a country such as North Korea -- a communist state with declared nuclear intentions -- should have been brought to the ABB board's attention, Eberhardt told swissinfo:

"Yes, maybe. But so far we haven't any evidence for that because the protocols were never disclosed. So maybe it was a discussion point, maybe not,'' says Eberhardt.

A Pentagon spokeswoman, Victoria Clark, recently told "Newsweek'' magazine that "Secretary Rumsfeld does not recall it being brought before the board at any time''.

It was a long time ago

Today, ABB says it no longer has any involvement with the North Korean power plants, due to come on line in 2007 and 2008.

The company finalised the sale of its nuclear business in early 2000 to the British-based BNFL group.

(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.)
Hmmmm another amazing coincidence. Cheney's Halliburton sold Saddam oil equipment and made millions. Rumsfeld's ABB sold North Korea Nuclear equipment and made millions. Arming dictators and evil regimes, making millions; then using taxpayer money and innocent lives to disarm them, making millions rebuilding. I'm in the wrong business.
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Old April 7, 2003, 11:22   #2
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And it boils down to
"However, he declined to indicate whether Rumsfeld was made aware of the nuclear contract with North Korea.

"This is a good question, but I couldn't comment on that because we never disclose the protocols of the board meetings,'' Eberhardt said.

"Maybe this was a discussion point of the board, maybe not.'' "















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Old April 7, 2003, 11:23   #3
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Yup, and Ken Lay knew nothing about Enron's evil doings.
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Old April 7, 2003, 11:27   #4
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Conspiracy theories about Republicans
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Old April 7, 2003, 11:29   #5
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Apathy and ignorace allows such evil to exist.
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Old April 7, 2003, 11:31   #6
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Apathy and ignorance are the only ways to treat silly conspiracy theories.
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Old April 7, 2003, 11:36   #7
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Nah, not really enough info or proof to be a theory... just another one of the amazing coincidences in American politics.
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Old April 7, 2003, 12:10   #8
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Maybe someone should ask Rumsfeld.

Maybe the Board discussed it, Rumsfeld was against, but outvoted? Maybe he was gung-ho for it? Who the hell knows, besides the people who were there?

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Old April 7, 2003, 12:16   #9
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The whole thing is a giant****eroo, isn't it, Sava?
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Old April 7, 2003, 13:27   #10
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It isn't like a board of directors actually runs day-to-day details. They vote on big-picture stuff. If ABB had been involved in North Korean contracting of any type prior, the decision to bid on the reactor project wouldn't have made it to the board of directors.

Besides, NK's nuclear industry goes way back to Cold War days.
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Old April 7, 2003, 17:50   #11
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Quote:
Originally posted by Straybow
It isn't like a board of directors actually runs day-to-day details. They vote on big-picture stuff. If ABB had been involved in North Korean contracting of any type prior, the decision to bid on the reactor project wouldn't have made it to the board of directors.

Besides, NK's nuclear industry goes way back to Cold War days.
I don't know what the story means, given we don't know the details but:

A 200 million dollar contract seems a mite large to not be brought before the board of directors. That isn't chump change...
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Old April 7, 2003, 19:26   #12
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Given ABB's 2000 orders total of $25.44 billion, a $200 million contract would represent 0.7% of their order stream. Chump change? Not really. A deal big enough to warrant the attention of the board? Almost certainly not.

Likely the only way the board would have known about this deal is if there was some red flag (no pun intended) about it being North Korea.
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