Reply #39: Nutjob PSYCHO DEADBEAT DO-NOTHING SON OF A PROSTITUTE CROOK

[Octafish]

Security Post Would Put Kerik Atop Field That Enriched Him

By ERIC LIPTON
The New York Times
December 10, 2004

WASHINGTON, Dec. 9 - Just five years ago, Bernard B. Kerik was facing lawsuits from a condominium association and bank over delinquent payments owed on a modest New Jersey condo he owned. Today, he is a multimillionaire as a result of a lucrative partnership with former Mayor Rudolph W. Giuliani and an even more profitable relationship with a stun-gun manufacturer.

If he is confirmed to the post of homeland security secretary, to which President Bush nominated him last week, he will oversee an enormous department that does business with some of the companies that helped make him wealthy.

The list of income sources that transformed Mr. Kerik, a former New York City police commissioner, into a wealthy man is a diverse one, including a best-selling autobiography, speeches around the United States and service on corporate boards. Mr. Kerik, who now lives in a large house in the decidedly more upscale New Jersey town of Franklin Lakes and drives a BMW sedan, even sold the right to make a feature film about his rags-to-riches life to Miramax, the film production company.

But it is the relationship Mr. Kerik has had since the spring of 2002 with Taser International, a Scottsdale, Ariz., manufacturer of stun guns, that has by far been the biggest source of his newfound wealth. That relationship has earned him more than $6.2 million in pretax profits through stock options he was granted and then sold, mostly in the last month. A White House spokesman said Mr. Kerik would resign from Taser's board and sell his remaining stock if confirmed.

Mr. Kerik benefited largely because the company's stock has surged extraordinarily. Stock options that were worth little when they were granted became extremely valuable, in part because of the sales pitch that Mr. Kerik made on the company's behalf to other police departments.

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http://www.nytimes.com/2004/12/10/politics/10kerik.html?oref=login&oref=login&pagewanted=print&position=