Frager Factor

Monday, July 15, 2013

Disgraced General Teams With GoDaddy Investor; Cuts Salary to a Dollar

David Petraeus sharing a PPT with biographer / mistress
Paula Broadwell  via ABC News
Think your GoDaddy account is safe from the prying eyes of an x-CIA chief? 


According to the Washington Post’s On Leadership blog, David Petraeus is making out like a king seven months after the scandal that titillated the US and “outed” US Military ethical problems.

In April, he announced he would be joining the City University of New York’s Macaulay Honors College for a one-year position as a visiting professor. After backlash over his $200K salary this week, he agreed to teach for a buck.

And he’s going to make some good money, too, from Kohlberg Kravis Roberts & Co. which hired him as chairman of the KKR Global Institute, a newly created center within the investment firm.

Says the Wall Street Journal, "Mr. Petraeus, 60 years old, becomes one of the most recognizable faces at KKR. A former four-star general who led forces in Iraq and Afghanistan, Mr. Petraeus has traveled the world and knows military, economic and political leaders. Those connections could help KKR land deals in some foreign countries where the firm has less experience and better evaluate the risks and rewards of offbeat investments, the people said.

KKR, which has more than $78 billion in assets under management, has been involved in some of the biggest private equity buyouts in history including the $45 billion takeover of Texas power producer TXU, now known as Energy Future Holdings, in 2007.

KKR's other investments include hospital operator HCA Holdings Inc (HCA.N), retailer Toys R US Inc, and internet domain registration company Go Daddy Group Inc.

Hat Tip: CAROL BURBANK, PH.D.

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