SHADOW FINANCIERS - THE SECRET ORIGIN OF RICK RENZI
Can political office be bought?
July 14, 2003
... Some principled candidates have pledged to refrain from using family wealth in their campaigns. Others, like Republican Rick Renzi of Arizona, have no such qualms. Let's look at Renzi's case as an object lesson regarding the application of money by Republicans and its consequences for liberty in public policy.
The 2002 race for Arizona's first district was very close, with George Cordova running neck-and-neck with Rick Renzi. In the end, Renzi got more votes; having spent more money (source: Open Secrets), Renzi obtained a greater name recognition (offline source: Northern Arizona University Social Research Laboratory Report released 9/17/2002).
And where did Rick Renzi (who moved to Arizona from out of state in order to obtain this office) get the extra money he used to get his name spread across the geographically huge district he was running?
$436,590 came from Renzi's own deep pockets.
A significant portion of the remainder came from out of state. As the Open Secrets report mentioned above shows, Renzi received more than twice as much in contributions from the Washington, DC area than he did from Flagstaff, Arizona, the largest city in his district.
Renzi took about $66,000 more in contributions from out of state than his Democratic competitor. Within the state, Renzi received a huge amount of contributions from the conservative hub of Phoenix and its ritzier suburbs -- these areas are outside Renzi's district. Indeed, of the ten zip codes contributing most to Renzi's campaign, only two were actually from within Renzi's district. ...
Renzi has denied any wrongdoing related to the land swap, however, Democrats also have questioned his link to government contractor Mantech International. Renzi's father, Eugene, is an executive with Mantech.
Resolution Copper Co. is looking to develop a new copper mine in southeastern Arizona.
Renzi represents a rural Arizona district that includes Flagstaff, Sedona, Florence and Casa Grande. Democrats are eyeing the district as a possible 2008 election win with possible contenders including Pinal County Attorney Carter Olson and shopping center developer Jim Pederson.
The Renzi inquiry is among a number of recent ethics investigations involving Republican congressional members and the Bush administration.
MANTECH BOARD OF DIRECTORS
George J. Pedersen, Chairman: (ManTech CEO and Co-Founder)
George J. Pedersen is the Chairman of the Board and CEO of ManTech International Corporation, a company he co-founded as two-person operation in 1968. ManTech has grown to become one of the U.S. government’s leading providers of innovative technologies and solutions for mission-critical national security programs supporting the Intelligence Community and departments of Defense, State, Homeland Security and Justice; the Space Community; and other U.S. federal government agencies. ManTech has approximately 6,800 employees with operations in 40 countries. Revenues have steadily increased from $431 million in 2001, just prior to the company’s initial public offering (IPO), to $1.137 billion in 2006. Since 2002, the company’s revenue has grown by a compounded annual rate of 23 percent and during the same period its operating income has grown by a rate of 24 percent.
Mr. Pedersen is Chairman of the Board of the Institute for Scientific Research, Inc.; a member of the Board of Directors of GSE Systems and Chairman of their Executive Committee; and a member of the Board of Directors of the Association For Enterprise Integration and the National Defense Industrial Association (NDIA). In 2005, he received the James Forrestal Industry Leadership Award from the NDIA for his "demonstrated record of business accomplishment" and his active role in "helping to preserve and strengthen the nation's defense industrial base." Mr. Pedersen was chosen for his "astute business judgment, keen political instincts and a broad understanding of the vital role the industrial base plays in ensuring the nation's security," according to NDIA.
In 2006, Mr. Pedersen received the Lifetime Achievement Award from the Association for Corporate Growth National Capital Chapter. The award is given annually to individuals in the region that have contributed significantly to the region’s corporate growth over a number of years.
Mr. Pedersen is on the Board of Directors of the National Defense Industrial Association, the Institute for Scientific Research, Inc., and the Association For Enterprise Integration. He also serves on the boards of GSE Systems, MASI UK Limited and MARE, Inc.
Mr. Coleman is President and Chief Operating Officer of ManTech. Mr. Coleman was named President and Chief Operating Officer of the Company in September 2004 and elected as a Director of the Company in March 2006. Prior to that, he was the President of ManTech's Information Systems and Technology organization. Before joining ManTech, Mr. Coleman was the CEO and President of Integrated Data Systems Corporation (IDS), a highly regarded provider of software engineering, computer security and enterprise architecture solutions to the Intelligence Community and the Department of Defense that had revenues of approximately $40 million at the time it was acquired by ManTech. Founded by Mr. Coleman in 1990, IDS was acquired by ManTech in February 2003.
Mr. Armitage has served as a Director of ManTech since 2005. From 1995 to 2001, Mr. Armitage served on our Advisory Board. Since 2005, Mr. Armitage has served as President of Armitage International, L.C., which provides multinational clients with critical support in the areas of international business development, strategic planning, and problem-solving. From 2001 through 2005 he served as the Deputy Secretary of State, and prior to that assignment, he was President of Armitage Associates, L.C., a world-wide business and public policy firm. Beginning in the late 1980's, Mr. Armitage held a variety of high-ranking diplomatic positions, including as Presidential Special Negotiator for the Philippines Military Bases Agreement; as Special Mediator for Water in the Middle East; as a Special Emissary to Jordan's King Hussein during the 1991 Gulf War; and as an Ambassador, directing U.S. assistance to the new independent states of the former Soviet Union. Mr. Armitage has received numerous U.S. military decorations and has been awarded the Department of Defense Medal for Distinguished Public Service four times, and has received the Presidential Citizens Medal and the Department of State Distinguished Honor Award. Mr. Armitage currently serves on the board of directors of ConocoPhillips, a NYSE-listed international, integrated energy company.
Ms. Bush was appointed a Director of ManTech on October 5, 2006. Ms. Bush founded Bush International, a global consulting firm in 1991. From 1989 to 1991, Ms. Bush served as managing director of the Federal Housing Finance Board, the oversight body for the nation's 12 Federal Home Loan Banks. Prior to 1989, Ms. Bush was the Vice President of International Finance at the Federal National Mortgage Associate (Fannie Mae). From 1982 to 1984, Ms. Bush served as U.S. Alternate Executive Director of the International Monetary Fund (IMF), a position appointed by the President of the United States and confirmed by the Senate. In that capacity, she worked with the U.S. Treasury Department to formulate policy on IMF lending and global economic matters. Ms. Bush serves on the board of directors of The Pioneer Family of Mutual Funds, Brady Corporation, Briggs & Stratton Corporation, and UAL Corporation (United Airlines).
Mr. Campbell has served as a Director of ManTech since 2002. From 1999 to 2001, Mr. Campbell served as a director, President and Chief Executive Officer of Allied Aerospace Industries, Inc., a Virginia-based aerospace and defense engineering firm. From 1993 to 1997, Mr. Campbell served as President and Chief Executive Officer of Vitro Corporation, the largest subsidiary of Tracor, Inc. In 1997 he served as Chairman and Chief Executive Officer of Tracor’s subsidiary, Tracor Systems Technologies, Inc. until the sale of Tracor, Inc. to GEC Marconi, Plc in 1998.
Mr. Fatzinger has served as a Director of ManTech since 2002. Mr. Fatzinger joined ASB Capital Management, Inc., an asset management firm, in February 1999 and currently serves as Vice Chairman and director of the firm. Mr. Fatzinger served as Executive Vice President of Chevy Chase Bank, F.S.B., the parent of ASB Capital Management, Inc., from 1999 to 2002. Mr. Fatzinger currently serves on the board of directors of Optelecom Inc., a Nasdaq-listed company and a manufacturer of communications products that transport data, video and audio over the internet and fiber-optic cable. Mr. Fatzinger currently serves as Vice-Chairman and Director of Chevy Chase Trust Co., also a subsidiary of Chevy Chase Bank and is Chairman of the University of Maryland Foundation.
Admiral David E. Jeremiah, USN Ret.
Admiral Jeremiah has served as a Director of ManTech since 2004. From 1994 to 2005, Adm. Jeremiah served on our Advisory Board. Admiral Jeremiah currently serves as Chairman of Technology Strategies & Alliances Corporation, a strategic advisory and investment banking firm engaged primarily in the aerospace, defense, telecommunications, and electronics industries. Admiral Jeremiah serves on the board of directors for Todd Shipyards Corporation, a NYSE-listed company engaged in shipbuilding, ship overhaul, conversion and repair in the United States. During his military career, Adm. Jeremiah earned a reputation as an authority on strategic planning, financial management and the policy implications of advanced technology. From 1990 to 1994, Adm. Jeremiah served as Vice Chairman of the Joint Chiefs of Staff for Generals Powell and Shalikashvili.
Mr. Kerr has served as a Director of ManTech since 2002. From 1994 to 2002, Mr. Kerr served as Chairman of our Advisory Board. From 1996 to 2001, Mr. Kerr served as President of the Security Affairs Support Association, an organization composed of government and industry members that is focused on national security policy. Prior to that, Mr. Kerr worked at the Central Intelligence Agency for 32 years, including as Deputy Director for Central Intelligence. Mr. Kerr headed a small team that assessed intelligence produced prior to the Iraq war, at the request of the Secretary of Defense and Director of Central Intelligence. He currently serves on a commission responsible for monitoring compliance with the Belfast Treaty (Good Friday Agreement).
Lt. Gen. Kenneth A. Minihan, USAF Ret.
Lt. Gen. Minihan was appointed a Director of ManTech on June 6, 2006. Since 2002, Lt. Gen. Minihan serves as Managing Director of the Homeland Security Fund for Paladin Capital Group. From 1999-2002, Lt. Gen. Minihan served as President of the Security Affairs Support Association. Lt. Gen. Minihan spent 33+ years of service in the Air Force, serving from 1996 to 1999 as the 14th Director of the National Security Agency/Central Security Service. From 1995 to 1996 he was a Director of the Defense Intelligence Agency. Lt. Gen. Minihan is a Founder of the Intelligence and National Security Alliance in Washington, D.C., and serves on the board of directors of BAE Systems, NA, MTC Technologies, Inc., Verint Systems, Inc. and Lucent Government Solutions.
Mr. Porter has served as a Director of ManTech since 1991. Mr. Porter is Senior Counsel with the law firm of Arnold & Porter, where he has practiced law since June 1993, focusing on real estate, tax and corporate law. Mr. Porter became a certified public accountant in 1961. Mr. Porter currently serves on the Executive Committee of the Greater Washington Board of Trade and is Immediate Past Chairman of the Board of the District of Columbia Chamber of Commerce. From 1992 to 1994, he served as a member of the Advisory Board of the Center for Strategic and International Studies, a non-partisan public policy institute.