Excerpt:
Stock and Treasury bonds traded
In 2002, investigator Kyle Hence wrote about the stocks involved in the SEC’s target list. Those that had the highest examples of trade volume over the average were UAL [285 times over average], Marsh & McLennan (Marsh) [93 times over average], American Airlines (AMR) [60 times over average], and Citigroup [45 times over average].[14] Other stocks flagged included financial firms, defense-related companies, and the reinsurance firms Munich Re, Swiss Re and the AXA Group. Put options for these reinsurance firms, or bets that the stock would drop, were placed at double the normal levels in the few days before the attacks. Regulators were concerned about “large block trades” on these stocks because the three firms were liable for billions in insurance payouts due to the damage inflicted on 9/11.[15]The four highest-volume suspect stocks — UAL, Marsh, AMR and Citigroup — were closely linked to the attacks of 9/11. The two airline companies each had two planes hijacked and destroyed. Marsh was located in the exact 8 floors out of 110 in the north tower of the WTC where Flight 11 impacted and the fires occurred. Citigroup was the parent of Travelers Insurance, which was expected to see $500 million in claims, and also Salomon Smith Barney, which occupied all but ten floors in World Trade Center (WTC) building 7. Oddly enough, Salomon Smith Barney had both Donald Rumsfeld and Dick Cheney on its advisory board until January 2001.
Marsh occupied a number of floors in the south tower as well. This is where the office of Marsh executive, L. Paul Bremer, was located. Bremer was a former managing director at Kissinger Associates and had just completed leading a national terrorism commission in 2000. The San Francisco Chronicle noted that Bremer was a source of early claims that rich Arabs were financing Osama bin Laden’s terrorist network. In an article on the 9/11 informed trades, the Chronicle reported that “The former chairman of the State Department’s National Commission on Terrorism, L. Paul Bremer, said he obtained classified government analyses early last year of bin Laden’s finances confirming the assistance of affluent Middle Easterners.”[16]
On the day of 9/11, Bremer was interviewed by NBC News and stated that he believed Osama bin Laden was responsible and that possibly Iraq and Iran were involved too, and he called for the most severe military response possible. For unknown reasons, Google removed the interview video from its servers three times, and blocked it once.[17]
The trading of Treasury bonds just before 9/11 was also flagged as being suspicious. Reporters from The Wall street Journal wrote that the “U.S. Secret Service contacted a number of bond traders regarding large purchases of five-year Treasury notes before the attacks, according to people familiar with the probe. The investigators, acting on a tip from traders, are examining whether terrorists, or people affiliated with terrorist organizations, bought five-year notes, including a single $5 billion trade.”[18]
Some reports claimed that the 9/11 informed trades were such that millions of dollars were made, and some of that went unclaimed. [19] Others suggested that the trades resulted in the winning of billions of dollars in profits. One such suggestion was made by the former German Minister of Technology, Andreas von Buelow, who said that the value of the informed trades was on the order of $15 billion.[20]
http://www.sourcewatch.org/index.php?title=James_M._Guyette
Excerpt:
James M. Guyette "is President and Chief Executive Officer of Rolls-Royce North America Inc. (RRNA). In this role, Guyette oversees all Rolls-Royce companies and business units in North America encompassing more than 7,300 people at more than 70 locations throughout the US and Canada. In 2005, total RRNA sales exceeded $3.4 billion. Guyette is an executive director on the Rolls-Royce North American Holdings board. He also serves on the boards of Rolls-Royce plc and IAE. Guyette is based in the RRNA headquarters in Chantilly, VA. He joined Rolls-Royce in 1997.
"Previously, Guyette enjoyed a long and successful career with United Airlines. In his 28 years with the carrier, Guyette held a wide range of increasingly senior positions giving him unparalleled breadth and depth into all facets of airline management. Most recently, he was Executive Vice President - Marketing and Planning, responsible for all marketing, sales, fleet and route planning and scheduling. Before this, he was Executive Vice President - Operations, accountable for all aspects of the airline's daily operations. He also served as Assistant to the Chairman of the Board. Additionally, Guyette was an integral part of the team that designed, developed and launched the Boeing 777 - for which he earned the Aviation Week & Space Technology Laurels Award.
"Guyette is a director of priceline.com, Norwalk, CT and the Private Bank and Trust Co., Chicago, IL. He is a member of the Board of Directors for the U.S. Chamber of Commerce and the Smithsonian Institution's National Air and Space Museum. He is also a member of the Board of Governors for the Flight Safety Foundation, the Aerospace Industries Association and the Board of Directors of The Wings Club. He is a former member of the National Research Council Aeronautics and Space Engineering Board. He also serves on the National Board of Advisors for the Eiteljorg Museum of American Indians and Western Art in Indianapolis, IN." [1]
http://people.forbes.com/profile/james-m-guyette/65271
Excerpt:
Non-Executive Chairman of the Board
Privatebancorp, Inc.
Chicago , IL
Sector: FINANCIAL / Regional - Midwest Banks
Independent Director , Priceline.com, Inc.
Norwalk , CT
Sector: SERVICES / General Entertainment
65 Years Old
James M. Guyette (65) has been a director since 1990. He currently serves as independent lead director of the Company. Mr. Guyette is president and chief executive officer of Rolls-Royce North America Inc., a subsidiary of Rolls-Royce plc, where he serves as a director. In this role, Mr. Guyette oversees all Rolls-Royce companies and business units in North America, encompassing nearly 8,000 people at more than 66 locations throughout the U.S. and Canada. Previously, Mr. Guyette enjoyed a long and successful career with United Airlines. In his more than 28 years with the carrier, Mr. Guyette held a wide range of increasingly senior positions giving him breadth and depth into all facets of airline management, including marketing, sales and daily operations. Mr. Guyette is currently a director of priceline.com and serves on multiple civic boards including as chairman of the board of the Smithsonian Institute?s National Air and Space Museum and a member of the board of the directors of the U.S. Chamber of Commerce. On May 26, 2011, PrivateBancorp, Inc. announced that James M. Guyette was named non-executive chairman of the board. On May 26, 2011 PrivateBancorp, Inc. today announced that James M. Guyette has been elected independent non-executive chairman of the Board of Directors.
PVTB Profile
PrivateBancorp, Inc. through its PrivateBank subsidiaries, provides customized business and personal financial services to middle-market commercial and commercial real estate companies as well as business owners, executives, entrepreneurs.
PrivateBancorp
120 South LaSalle Street
Suite 400 Chicago, IL 60603
Phone: (312) 564-2000
Fax: (312) 683-7898
Web Site: http://www.privatebk.com/
http://dealbook.nytimes.com/2007/12/03/privatebancorp-raids-lasalle-bankers/
Excerpt:
PrivateBancorp Raids LaSalle Bankers
By DEALBOOK
Chicago-based PrivateBancorp, which has already hired 34 high-level bankers from LaSalle Bank since Sept. 30, continues to win over LaSalle employees, even in other markets, according to The Chicago Tribune.
The Tribune said that it’s expected that six to seven LaSalle business bankers and commercial real estate bankers in the Michigan market will join PrivateBancorp as managing directors.
Bank of America bought LaSalle on Oct. 1. Chicago and Detroit are LaSalle’s two key markets.
Go to Article from The Chicago Tribune »
The Tribune said that it’s expected that six to seven LaSalle business bankers and commercial real estate bankers in the Michigan market will join PrivateBancorp as managing directors.
Bank of America bought LaSalle on Oct. 1. Chicago and Detroit are LaSalle’s two key markets.
Go to Article from The Chicago Tribune »
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