#2957: AD Links CAI Liberal Pig Farm To Tracey Pension Pump and Dump And Christy War With Donald Trump
United States Marine Field McConnell
Plum City Online – (AbelDanger.net)
May 7, 2017
To Whom It May Concern:
Field McConnell – United States Marine and Global Operations Director of Abel Danger (AD) – has linked the CAI private equity group’s alleged blackmail of Liberal guests at B.C. pig farm ‘raves’ (’96-’02) to extorted support for alternative capital procurement in B.C. with “any combination of construction contracts, user fees, government subsidies, service payments or concessionary rights*”.
*Capital Procurement Policy Guidelines – Treasury Board, The Province of British Columbia, September 1999.
AD alleges that CAI managing partner Tracey McVicar has been pumping and dumping shares held by custodians of the bcIMC and RCMP pension funds since 1999 and, further, that she authorized pension-fund investees Macdonald Dettwiler and Associates and the Standard Chartered Bank to destroy evidence of a 9/11 conspiracy after a group of tenants collapsed the Salomon Brothers building (WTC7) in New York as prematurely announced on the BBC.
AD notes that BC Liberal Party leader Christy Clark’s threat to ban U.S. thermal coal transiting through British Columbia’s ports, signals a trade war with U.S. President Donald Trump and a Liberal attempt to protect the use of “government subsidies” and “concessionary rights” to dump dairy and timber products in the U.S.
McConnell looks forward to an invitation to brief President Trump in the presence of retired Marine Corps two-star Randolph “Tex” Alles, director of the United States Secret Service, on how to win a trade war with CAI private-equity special investors and their allegedly-extorted liberal pig-farm guests.
“In 1996, the Pickton brothers established the Piggy’s Palace Good Times Society, a [Liberal Party] federally registered charity with an alleged mandate to raise funds for service organizations through special events such as dances and shows. Neighbours complained of rowdiness, drug use, drunkenness and noise from parties attended by as many as 1,700 people, including bikers and sex trade workers from the Downtown Eastside. In 2000, the City of Port Coquitlam shut Piggy’s Palace [where the Liberal governments of Canada and British Columbia allegedly used Serco Demon face-recognition software to blackmail witnesses to the torture murder of and the cannibal feasting on up to 60 prostitutes] down.”
“CAI and our investee companies benefit from the participation of our SPECIAL INVESTORS, a group of seasoned leaders, most of whom have spent their careers running large and diverse businesses. Collectively, they have served as directors of over one hundred leading North American companies. They assist CAI and our portfolio companies by identifying and creating opportunities for investment and growth as well as, on occasion, serving on the boards of those companies.
Ralph M. Barford
Larry I. Bell
Jalynn H. Bennett
Roy F. Bennett
Peter J. G. Bentley
Richard S. Braddock
Paul G. S. Cantor
Thomas P. D’aquino
L. Yves Fortier, Q.C.
Alexander M. Haig, Jr.
Graham O. Harrison
David L. Johnston
Hon. Donald S. Macdonald
John H. McArthur
Hon. Frank McKenna
W. Darcy McKeough
Joseph J. Meleone
J. Edward Newall
Larence G. Pathy
Lynton R. Wilson
Walter B. Wriston
Adam H. Zimmerman”
“The making of CAI
At or about the same time that Restler was guiding the privatization of Hydro’s gas division, he decided to leave Shearson Lehman Brothers. Along with about a half dozen others from business and Wall Street, he started a small, boutique investment firm called CAI Capital Management.
CAI opened its doors in 1989, and began looking for both investors and investment opportunities. It found both in Canada. MacDonald Dettwiler and Associates, the Richmond-based firm specializing in satellite imaging, [Bin Laden drag and drop,] space robotics and environmental monitoring, was one of the earliest companies with which Restler and CAI held discussions. Talks remained exploratory until 1999, when the New York firm and another investor together acquired a one-third interest in the Richmond company.
Restler soon took a seat on MDA’s board of directors, and a year later he was joined by David Emerson — a CAI investor and, since 2008, a “senior advisor” at the equity firm’s Vancouver office.
By 2004, CAI (with a substantial profit) had exited its position in MacDonald Dettwiler, and that same year Emerson won election as a Liberal Member of Parliament for Vancouver-Kingsway. (He crossed the floor days after the 2006 general election to join the victorious Conservatives and retain his seat at the cabinet table. Rather than face his constituents and answer for that controversial decision, Emerson retired prior to the 2008 election.)”
“Tracey McVicar on her journey from Wall Street wizard to inner-city teacher to one of B.C.’s most influential board directors
It took one book to radically shake up Tracey McVicar’s life.
Thanks to Ordinary Resurrections: Children in the Years of Hope, based on the experiences of educator Jonathan Kozol in a South Bronx school, McVicar left 12 years of investment banking during the frenzied technology run-up of the ’90s to teach kids in an inner-city New York City school in 2001. Even though she later returned to finance (she’s now the Vancouver managing partner of private equity firm CAI Capital Management Co.), it’s a career curveball that she describes as “living a dream.”
While she found investment banking rewarding and enjoyed how the high-performing environment attracted smart people, often with a good sense of humour, McVicar laments the singular focus on making money. The business, says the UBC commerce grad, is “bereft of helping others by its nature. To be really good, you have to be consumed by it and really live it.” She describes an environment where people were hiring Bryan Adams for their weddings, and everybody one-upped each other on their latest luxury vehicle. “I wondered to myself, ‘Just who are you?’ I felt I was going in a direction that wouldn’t be very fulfilling later.
Turns out “fulfillment” is a recurring theme over our brunch of poached eggs and bacon at Mosaic restaurant in Vancouver’s Hyatt hotel. McVicar—who worked at RBC Capital Markets from 1990 to 1997 and Raymond James Ltd. (and its predecessor, Goepel Shields & Partners) from 1997 to 2001—set up NYC-headquartered CAI in Vancouver after returning to B.C. following 9/11. “Of course that changed everything,” says McVicar, who was in Brooklyn at the time of the attacks although had been due to pick up some computers, donated to her school, at the World Trade Center that morning. “My idealistic dream of teaching in the inner city, earning $28,000 a year, living in New York, was just that—a dream. I realized that both me and the school would be much better off if I went back to finance, back to Canada and donated that amount every year instead.””
“TimberWest Forest Corp. acquired for $1.03 billion
Staff | April 11, 2011
British Columbia Investment Management Corporation (bcIMC) and the crown corporation Public Sector Pension Investment Board (PSP Investments) have entered into a definitive agreement to acquire TimberWest Forest Corp.
Under the terms of the arrangement agreement, holders of stapled units of TimberWest will receive a purchase price of $6.48 in cash on closing of the transaction for each stapled unit owned.
“We are pleased to have reached agreement to acquire TimberWest on terms that provide fair value, immediate liquidity and a premium to TimberWest’s unitholders,” said Doug Pearce, chief investment officer of bcIMC.
“We look forward to placing TimberWest and its unique assets in the hands of stable, well-funded Canadian pension plans that seek to realize the fullest value from their investments over the long-term,” said Gordon J. Fyfe, president and CEO of PSP Investments.
The transaction values the fully diluted stapled units of TimberWest at approximately $910 million, and the total transaction at $1.03 billion when including the assumption of outstanding debt.
As a consequence of the transaction, all convertible debentures not converted and that remain outstanding on closing will thereafter be convertible into the same amount of cash that they would have received under the arrangement as if they had been converted into stapled units as of the closing of the arrangement.
Both companies view the acquisition of TimberWest as a complement to traditional asset classes, as timber and real estate exhibit inflation-hedging characteristics and provide stable risk-adjusted returns, attributes which are particularly well-matched to the needs of pension plans.”
“Christy Clark vs. Donald Trump: The proverbial knife at a gun fight
by GARY MASON
VANCOUVER — The Globe and Mail
Published Thursday, Apr. 27, 2017 2:54PM EDT Last updated Thursday, Apr. 27, 2017 3:26PM EDT
With the federal government still mulling its full response to U.S. President Donald Trump’s recent trade war measures, BC Liberal Party leader Christy Clark decided this week to step into the breach.
In response to the punitive countervailing tariffs levied on Canadian softwood exports and the target Mr. Trump also placed on the country’s dairy industry, Ms. Clark felt it was time someone took a stand against these actions and nominated herself.
While denouncing the United States for abandoning its commitment to being a good trading partner, she proposed a ban on U.S. thermal coal transiting through British Columbia’s ports – a move only Ottawa could authorize.
If that sounds like someone starting a fight they can’t finish, you wouldn’t be far off. Although Ms. Clark, acting in her role as Premier while she campaigns in a provincial election, did suggest that if Ottawa was too much of a wuss to give Mr. Trump some of his own medicine, she’d do it herself through tariffs the province could apply bilaterally.
Opinion: The Trumpian challenge: separating noise from substance
This is good for Ms. Clark for one reason: sagging in the polls and desperately needing a PR lift, the announcement allows the Liberal leader to look tough in the face of U.S. trade aggression.”
“ITT Corporation (ITT) is an American worldwide manufacturing company based in White Plains, New York, producing specialty components for the aerospace, transportation, energy and industrial markets.
The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986, and in 1995 spun off its non-manufacturing divisions, later to be purchased byStarwood Hotels & Resorts Worldwide.”
“ITT to Spin Off Operations Into 3 Publicly Held Firms
June 14, 1995 |JAMES F. PELTZ | TIMES STAFF WRITER
In one of the most dramatic breakups in U.S. corporate history, ITT Corp. announced Tuesday that it plans to split itself into three companies and dismantle what has long been one of America’s most familiar conglomerates.
The New York-based company–a global hodgepodge that at times has owned everything from Wonder Bread to Avis rental cars–plans to divide its remaining insurance, industrial and hotel/entertainment divisions into separate publicly held companies, which have combined annual sales of $25 billion.
… “It’s a watershed event in corporate America,” said analyst Jay Cohen of Salomon Bros. Inc.
ITT’s breakup is further evidence that the gigantic conglomerate–so fashionable in U.S. business during the 1960s and ’70s–is largely a dinosaur today. It has become an enterprise that is too unwieldy in an age when corporations must be nimble and efficient, many experts believe. ..
Yet the bust-up of ITT–which today owns Sheraton hotels, Hartford insurance and such gaming properties as Caesars World–had been expected. Long prodded by disgruntled investors who felt the company’s stock price understated the true value of the firm’s various assets, ITT had hinted for months that it might split itself up.
When the announcement finally came Tuesday, investors cheered the move and boosted ITT’s stock price $6.25 a share to $115.50, in New York Stock Exchange composite trading.”
“For immediate release: May 3, 2001 MDA Wins Key U.S. Aviation Contract Richmond, B.C. – MacDonald, Dettwiler and Associates Ltd. (TSE: MDA) announced today the company has been awarded a contract by the United States Air Force to develop a system to be used by specialists at Air Force bases to design Instrument Approach Procedures (IAPs).
IAPs are published instructions to pilots specifying a series of aircraft maneuvers that must be executed for the aircraft to transition safely from an en route airway to a runway final approach when flying by instruments. MDA’s system ingests digital terrain and elevation data, air navigation data (such as the locations of navigation aids, runways, buildings and towers) to build and display a virtual model of the physical environment surrounding an airport. It then develops the complex surfaces that define a safe approach corridor for any of the dozens of IAP variants, and determines whether any of the defined surfaces are penetrated by terrain or man-made obstacles. It flags these incursions to the operator, who can quickly modify the approach procedure through a drag-and-drop user interface.
This initial award, valued at $2.9 million (CDN), consists of a fixed price element to develop, integrate, and test the system. The next phase will include installation, government testing, and operator training. The contract includes an option for the U.S. Federal Aviation Administration (FAA) to adapt the system for their needs. The U.S. Air Force also has options to field the successful system at up to 108 air bases around the world, and to award T&M support contracts for up to 8 years. MDA plans to team up with Air Navigation Data (AND) of Ottawa to offer a custom solution, based on AND’s “Final Approach” product. MDA President and CEO Daniel Friedmann said: “This is a significant project for MDA that has the potential to improve the safety of air transportation for many other air forces and civil aviation authorities world wide.”
Field McConnell, United States Naval Academy, 1971; Forensic Economist; 30 year airline and 22 year military pilot; 23,000 hours of safety; Tel: 715 307 8222
McConnell’s Co-researcher David Hawkins Tel: 604 542-0891 Forensic Economist; former leader of oil-well blow-out teams; now sponsors Grand Juries in CSI Crime and Safety Investigation