Friday, January 07, 2011

Why does everything relate to Lehman Brothers?

* Even though Gov.-elect John Kasich has hired one guy for a salary of $1, it does not make up for the fact that most of the rest of his staff salaries are higher than those paid to Strickland's staff.

Here is what we know about the person that has accepted the $1 job as interim state development director:

Daily Reporter:

Ohio Gov.-elect John Kasich (KAY'-sik) has chosen a prominent Silicon Valley venture capitalist to launch his new private economic development effort.


Kasich announced Friday that Mark Kvamme (vam), a partner at Sequoia Capital in Menlo Park, Calif., will serve as interim state development director. Kasich says Kvamme will help start the non-profit JobsOhio project.

Kvamme is a board member of the LinkedIn social networking site. He and Kasich are longtime friends.....

>   And then we have this from Plunderbund:

......Mark Kvamme was a “Senior Internet Strategist” for the Kasich for President ‘00 campaign.  Mark and his wife were major donors to Kasich’s PAC, New Century, which allowed Kasich to keep his former congressional staff on his payroll until he ran for public office again.  Kvamme and his wife donated $25,000 to New Century, and another $2,000 to Kasich presidential campaign (which provided $500k of New Century’s initial money.)

Kvamme and his wife donated $44,790 to the Kasich-Taylor campaign in 2009-2010.

No politician in the country appears to have gotten more money from Kvamme and his wife than Kasich and his related PACs.....


Oh. Is that how you get a job in the Kasich administration?

From the Whitefish Pilot, we can note that Kvamme was a partner with Richard Fuld: (Fuld was CEO of Lehman Brothers)

....Mark Kvamme, a part-time Whitefish resident for the past decade, is another principal in Great Northern Ventures. He and Fuld are also partners in The Homestead At Whitefish, a 1,400-acre luxury home project off Farm To Market Road, north of Whitefish. When built out, there will be 40-45 twenty-acre lots and more than 300 acres of open space and common areas, including Little Bootjack Lake.

Kvamme made his fortune as a partner in Bay Area-based Sequoia Capital, which financed Google, Yahoo and more recently YouTube. Fuld's problems on Wall Street "are not an issue," he told the Pilot last week, He also said Block 46 was "put on hold" last summer, long before the financial crisis reached a head on Wall Street.....


How many people who have had ties with Lehman Brothers or former employees of Lehman will be employed in the Kasich administration??????