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TX: Lobbyist Turned Consultant Hooks Buddy Up With State Investment
Matt Singer on August 15, 2006 - 9:09am
The AP picked up an important story out of Texas, where it appears that the good ol' boy community thinks that corruption is a fine method of operating. The story goes like this: Bill Ceverha, a lobbyist, consultant, and member of the board of the Employees Retirement System of Texas, lobbied for an education privatization front group in 2005. One of his big donors was a man by the name of James Leininger. Leininger is also the founder of Kinetic Concepts. The investment board bought 80,000 shares of Kinetic, which recently suffered a legal defeat, with its stock losing 40% of its value. When questioned about this, Ceverha denounced the legislator who had the temerity to ask as shameless and unable to pass legislation. Leininger upped the ante by calling the state representative a "small man." Apparently this is a play from the "best defense is a good offense" book.