REUTERS Russia Adds Schwarzman and C.I.C. to Advisory Board | Russia has added the Blackstone Group's Stephen A. Schwarzman and the China Investment Corporation's Lou Jiwei to an adviser board for its nascent private equity fund.
He earned nearly $1.5 million last year as a consultant, adviser, board member, or speaker for more than three dozen companies and individuals, according to financial disclosure forms released earlier this year.
However above-board the bid process — and however many expensive advisers the board hired — that makes him the kingmaker.
"We have to get some financial advisers on board.
The outsiders, who will be appointed as committee advisers by board members who are not themselves members of a given committee, will have no voting rights.
The fund's advisers and board of directors approved a significant increase in the security's valuation, which resulted in a substantial increase in the fund's net asset value (NAV).
She wrote most of "The Luminaries" there, enlisting her boyfriend, Steve Toussaint, an American poet, as adviser, sounding board and co-conspirator, she said.
Robert Rubin, the former co-chairman of Goldman — and former Treasury secretary — joined Citigroup as a senior adviser and board member in 1999.
(Freston was fired from Viacom in 2006, and has since joined Vice as an investor, adviser, and board member; Vice bought out Viacom's interest in 2010).
Both men had served in the Clinton administration (with Treasury Secretary Robert E. Rubin, who would later join Citigroup as a senior adviser and board member); their actions, Mr. Suskind contends, "had contributed to the very financial disaster they were hired to solve".
