Submitted by John Stauber on
PR executive Andrew Young parlayed his civil rights and liberal political background into a lucrative career representing Wal-Mart Stores, Nike and other corporations. The New York Times examines the role of Young and his firm GoodWorks International in Nigeria, reporting that "GoodWorks is paid to represent many major companies like Chevron, General Electric and Motorola that seek big contracts from the Nigerian government. In addition, executives of GoodWorks have stakes in Nigeria’s oil industry, the country’s main source of wealth. And several years ago, the firm’s chief executive, Carlton A. Masters, started an American company with close relatives of President Obasanjo ... .Mr. Masters said that GoodWorks typically received a 'success fee' equal to 1 ½ percent of a contract’s value, a fee that can lead to big payouts. In 2005, for example, G.E. Energy, a GoodWorks client, won a $400 million contract to supply generating turbines in Nigeria."
Comments
Mutternich replied on Permalink
'Goodwoorks'?
Is that Afrikaans, or a misspelling? ;-)
Judith Siers-Poisson replied on Permalink
good catch
We could pretend, but alas ... Thanks, Mutternich!