Reply #39: More on Quayle's involvement of Cerebus' purchase of Israeli Bank Leumi

[Emit]

~snip~

He's especially valuable when offshore politicians are involved. It was Quayle, for instance, who met with then-Israeli Finance Minister Benjamin Netanyahu this summer about Cerberus' interest in buying Israel's 26.3% stake in Bank Leumi, Israel's second-largest bank. His first task after joining Cerberus in 2000 was wooing Japanese officials nervous about the firm's bid for the former Nippon Credit Bank. His longtime ties to Japan paid off, and Cerberus eventually bought a controlling stake in the bank, now renamed Aozora Bank Ltd., in 2003. "Quayle has given a broad sense of credibility to Cerberus," says Yoshihiko Miyauchi, chief executive of Tokyo-based ORIX Corp. (IX ), a financial-services provider that also has a stake in Aozora. "Having a respectable person like Quayle earns the trust of people who doubt the company." ~snip~

http://www.businessweek.com/magazine/content/05_40/b3953117.htm