GIULIANI PARTNERS

'Giuliani Partners LLC' is a management consulting and security consulting business founded by former New York City Mayor Rudolph Giuliani in January 2002.^[1]

Contents

Structure

Controversies

Giuliani Capital Advisors

References

External links

Structure

Rudy Giuliani is Chairman and Chief Executive Officer of Giuliani Partners.^[2] Many of the managing partners and executives of Giuliani Partners are former New York City officials, counsels, emergency services leaders, etc. from Giuliani's time as mayor.^[3] There is a subsidiary of the partnership, Giuliani Security & Safety LLC (before 2005, Giuliani-Kerik), which focuses on security consulting, especially regarding buildings;^[4] its Chairman and Chief Executive Officer is Pasquale J. D'Amuro, a former Assistant Director in Charge in the Federal Bureau of Investigation's New York office and an Inspector in Charge following the September 11, 2001 terrorist attacks. Other subsidiaries include Giuliani Safety & Security Asia and Giuliani Compliance Japan.
Giuliani Partners' stated mission is "dedicated to helping leaders solve critical strategic issues, accelerate growth, and enhance the reputation and brand of their organizations in the context of strongly held values ... based on six fundamental principles: Integrity Optimism Courage Preparedness Communication Accountability."^[5] "No client is ever approved or worked on without a full discussion with Rudy... We're cautious in the right sense of that term, in terms of who we work for. We always want to make sure it is a company that is doing the right thing, that we're proud to represent," according to Giuliani Partners’ senior managing partner, Michael D. Hess, former Corporation Counsel for New York City.
The firm's headquarters are in an office overlooking Times Square in New York.
The firm is privately held. Sources have placed Giuliani Partners' earnings at over $100 million in the five years through early 2007. Another estimate shows it with annual revenues of $40 million and 55 employees.^[6] Clients of Giuliani Partners are required to sign confidentiality agreements, so they do not comment about the work they get done or the amount that thay have paid for it. Giuliani himself has refused to talk about his clients, the work he did for them, the compensation he received from them, or any details about the company.

Controversies

Giuliani Partners has been categorized by various media outlets as a lobbying entity capitalizing on Giuliani's name recognition.^[7][8]
Giuliani’s chosen partners at Giuliani Partners have included former FBI man D'Amuro, who admitted taking six non-evidentiary artifacts from Ground Zero as mementos, but against whom no action was taken by the FBI;^[9] Alan Placa, a former Roman Catholic priest who was accused of covering up sexual abuse in the church; and Bernard Kerik, Giuliani's former police commissioner, who was later accused of having ties to organized crime and left the firm in 2005.
One of Giuliani's clients during this time included an admitted drug smuggler and millionaire founder of companies that perform electronic information gathering (datamining) on individuals, Hank Asher, who according to a shareholder in the company, hired Giuliani for his "influence with the federal government to enable Mr. Asher to take an active role in Seisint as a chief executive officer despite the allegations about his drug dealing." Giuliani helped Asher's company get $12 million in government grants. After Asher's past was publicly revealed, he resigned from the company; Giuliani defended him to newspapers without mentioning that Asher was a paying client. After Asher's resignation, investors in the company, Seisint, looked into how much Giuliani Partners had been paid: $2 million a year in fees, a commission on sales of Seisint products, and 800,000 warrants for Seisint stock, which would prove valuable when Seisent was sold to Lexis Nexis for $775 million. One investor sued the board, claiming that Giuliani's contributions had not been worth the large amount paid.^[10]
In representing a pharmaceutical company, Purdue Pharma, maker of OxyContin, in a case against the Drug Enforcement Administration, Giuliani negotiated a $2 million fine and no further penalty for what the DEA called "lax security" at plants that produced OxyContin, which the DEA said was being used as a recreational drug. The lead DEA investigator later said that Purdue Pharma got off easily in the case because of Giuliani's connections to government officials. Giuliani later represented Purdue Pharma in a recently settled case in which the DEA accused the company of marketing OxyContin by playing down its level of addictive properties. Giuliani met with government lawyers six times to help negotiate a settlement in the case.
Mexico City hired Giuliani to consult on its crime rate, hoping for a drop in crime like that New York City had experienced in the 1990s. Giuliani toured the city for a day and Giuliani Partners produced a report analyzing ways in which crime could be reduced. However, in the year after the plan was implemented, crime dropped 1% and some city officials expressed regret at hiring Giuliani for a $4.3 million fee. Some called it a "$4 million publicity stunt". Some of the recommendations that were put into place included using Breathalyzers on drunk drivers and targeting "squeegee men".^[11]

Giuliani Capital Advisors

On December 1, 2004 his consulting firm announced it purchased accounting firm Ernst & Young's investment banking unit. The new investment bank would be known as Giuliani Capital Advisors LLC and would advise companies on acquisitions, restructurings and other strategic issues.
On March 5, 2007, as a consequence of his presidential campaign, Giuliani Capital Advisors was sold to Macquarie Group, an Australian financial group, for an amount that analysts said might approach $100 million.^[12]

References

1. "In Private Sector, Giuliani Parlayed Fame Into Wealth", washingtonpost.com, May 13, 2007. Accessed June 8, 2007.
2. http://www.giulianipartners.com/giuliani.aspx
3. http://www.giulianipartners.com/executives.aspx
4. http://www.giulianipartners.com/damuro.aspx
5. http://www.giulianipartners.com/philosophy.aspx
6. http://www.zoominfo.com/Search/CompanyDetail.aspx?CompanyID=21316874&cs=QEBRUUKyA
7. http://www.nydailynews.com/01-07-2007/news/story/486423p-409552c.html
8. http://nymag.com/news/articles/wtc/1year/giuliani3.htm
9. "The Giuliani Files", ''The Washington Post''. Accessed July 5, 2007.
10. http://www.rollingstone.com/politics/story/14952564/giuliani_worse_than_bush
11. "In Mexico City, Few Cheers for Giuliani", nysun.com, April 11, 2005. Accessed June 8, 2007.
12. "Giuliani sells bank in presidential campaign move", FT.com, March 5, 2007. Accessed March 5, 2007.

External links

★ Giuliani Partners LLC website