Merger Mania in the Military Industry
Lockheed Martin’s government contracts rival the operating budget of the State Department, writes William D. Hartung. And now it’s about to have company.
{The Clinton administration’s encouragement of defense industry mergers would prove anything but rhetorical. It would, for instance, provide tens of millions of dollars in merger subsidies to pay for the closing of plants, the moving of equipment, and other necessities. It even picked up part of the tab for the golden parachutes given defense executives and corporate board members ousted in those deals.}
Our tax dollars working towards restructuring of the defense industry and payoffs to executives and board members. I would bet any 2 of us here could retire on the money 1 person received. Get ready for another round.
War is a racket!
2
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