Donald Rumsfeld

Rumsfeld Watch: Where Will Rummy Go Next?

donaldrumsfeldheadingtowallstreet.jpgLast week we asked you where you thought Donald Rumsfeld would head next. Nearly thirty percent of respondents said “Halliburton”—which is pretty disappointing since that seems the least likely of choices. You don’t really think Rumsfeld wants that kind of heat do you? Usually, we defer to our readers votes on these matters but this time we have to part company—Rummy’s almost certainly not heading to Halliburton.
So where is he going? Sunday’s Chicago Tribune runs through a host of possibilities: defense industry (too much “revolving door” heat), biotech (seems likely), some company in Chicago (Rummy’s totally hooked up in the Windy City) or one of the companies where his close friend Edward Brennan sits on the board.
But the article also raises the possibility that Rumsfeld might want to stay off the boards of any public company. In the era of Sarbanes-Oxley, it might just not be worth it to take the scrutiny that comes with serving as a director. Try to resist the temptation to say that “a feature, not a bug” of SOX.
Work shouldn’t be hard to find for Rumsfeld [Chicago Tribune]

Will Rummy Head To Wall Street?

donaldrumsfeldheadingtowallstreet.jpgEveryone now thinks of Donald Rumsfeld as the snippy man who speaks in metaphysical riddles and never seemed to get the idea that things aren’t going terribly well for us in Iraq. But long before he was the Secretary of Defense, Rummy spent a couple of years as investment banker and lots of years as a corporate executive. He served on the boards of several companies and actually ran a few as CEO, including drug-maker G.D. Searle & Company.
So now that he’s officially been officially thrown off Bush’s cabinet, it’s time to start wondering what’s next for Rummy. Is he headed to Wall Street? We hear that there are some at Morgan Stanley who would like to see him come over to the bank. (Although our source has no real reason to know this kind of information, so take that with a grain of salt.) Or will he head back into the corporate board room? Today’s DealBreaker Reader Poll asks you to predict the next port of call for the USS Rumsfeld.

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Bush Says Rumsfeld Resigning, Gates to Replace Him [Bloomberg]