Prince of darkness
Richard Perle, Chairman of the Defense Policy Board, resigned today (original). The proximate cause is the $725,000 he was gonna be paid for lobbying on behalf of Global Crossing. However, the real meat of the story is this article (original), which outlines the ways in which Perle’s venture capital company benefits from the War on Terror. It’s a chicken and an egg question; if Perle really believes that the War on Terror is the right thing to do and he would advocate it no matter what his finances, then there’s nothing morally flawed in his venture capital activities. The problem is that you can’t tell which came first from the outside. That’s why, in these situations, you simply avoid the entire problem and refrain from any investments which could possibly be perceived as a conflict of interest. Pleading innocence doesn’t absolve you; divesting does. ...