[Excerpt]Cohen was appointed to the board four months after his stint in the Clinton Administration. However, a Global Crossing spokesperson was neither able to confirm nor deny that Cohen, as SECDEF, was in any way helpful in obtaining the defense communications contract for GCL, which was initially approved under Clinton.
Globals stock price hit a record low August of 2001 after the government announced cancellation of a half-billion dollar Defense Research Engineering Network (DREN) contract given the final go-ahead just one month before.
The 10-year project builds secure US defense communications around the globe. The deal was $137 million for the first year with seven one-year options exceeding $400 million. The contract was yanked by Bushs Defense Information Systems Agency a division of the US Defense Department citing other bidders complained about how the contract was awarded. [End Excerpt]
After all, if Gore had been elected (shudder) do we doubt for a minute that Enron would have benefitted from the implementation of the Kyoto Accord, as well as being propped up by Treasury interference?