Sunday, March 27, 2011

Asensio’s book primarily chronicles his successes

Asensio’s book primarily chronicles his successes, but in a chapter called Abusing the Process, in a section

called “Fiends [sic] in High Places: Network Solutions,” he details a notable failure:

“Network Solutions (Nasdaq: NSOL) achieved its fortune on the basis of a government affirmative action contract

that was snatched up by a huge, money-laden defense contractor. The contractor then leveraged this prize many

times over by working the political system, applying a political headlock at the highest levels of the federal

government. …

“In March 1995 McHenry and his partners sold Network Solutions for $48 million to Science Applications

International Corp. (SAIC), a huge, privately owned, astonishingly well-connected defense contractor based in

San Diego.

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