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Chionophile
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Business Editors

NEW YORK--(BUSINESS WIRE)--April 28, 2003--

Investigation Raises New Questions about Rumsfeld's Involvement in
Nuclear Reactor Programs, as Tensions between U.S. and North Korea
Grow


Three days after Sept. 11, 2001, North Korea, a nation identified as a state sponsor of terror, was celebrating the launch of a U.S.-sponsored nuclear plant--and was doing so thanks to ABB, a company on whose board of directors Donald Rumsfeld, the secretary of defense, once sat.

FORTUNE investigative reporter Richard Behar probes the secretive deal behind the plant and raises new questions about Rumsfeld's involvement, and his refusal to discuss it or the controversial 1994 deal in which the U.S. agreed to provide North Korea with two light-water nuclear reactors in exchange for Pyongyang ending its nuclear weapons program. "Rummy's North Korea Connection" appears in the May 12 issue of FORTUNE and at www.fortune.com.

Editors please note: The full FORTUNE report is available by calling 212-522-7149 or at www.fortune.com at 3pm today.

According to FORTUNE, Rumsfeld, the only American director of the ABB board from 1990 to early 2001--and usually vocal about his disdain for the Communist regime in North Korea--has never acknowledged that he knew the company was competing for the $200 million contract to provide the design and key components of two light-water reactors, which according to experts can be used to build weapons-grade material.

When confronted with Rumsfeld's role as ABB board director, Pentagon spokeswoman Victoria Clarke said that "there was no vote on this" and that her boss "does not recall it being brought before the board at anytime." But FORTUNE interviews with current and former ABB officials suggest otherwise. ABB spokesman Bjorn Edlund told FORTUNE that "board members were informed about this project," and other company officials contend that there is no way such a large and high-stakes project would not have come to the attention of the board. In addition, a former ABB board member recalled being told that Rumsfeld was asked "to lobby in Washington" on ABB's behalf in the mid-1990s. "This was a major thing for ABB" the former director said, "and extensive political lobbying was done." Goran Lundberg, a former head of ABB's power-generation business, told FORTUNE he was "pretty sure that at some point Don was involved," but other top executives don't recall Rumsfeld's involvement.

The 1994 agreement received public criticism by many people close to Rumsfeld, including former presidential candidate Bob Dole, for whom Rumsfeld served as campaign manager and chief defense advisor. Yet according to FORTUNE, Rumsfeld has not spoken out about the reactors and there is no evidence that he--despite a keen interest in the company's nuclear business and the fact that he attended most board meetings--made his views about the project known to other ABB officials.

"Given the Republican outcry over the nuclear reactor deal, Rumsfeld's public silence was nearly deafening," writes Behar.

Source: http://www.businesswire.com/cgi-bin/cb_headline.cgi?&story_file=bw.042803/231185701&directory=/google&header_file=header.htm&footer_file=

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I am shocked! :eek: :eek: :eek: One should never trust a man nicknamed 'Rummy'! :eek: This Fortune issue will come out on May 12th. Make sure you get it!
 

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I HATE to have to, OMG, defend Rummy but: the Clinton Admin. agreed to provide the light water reactors specifically to get this ($ broke) regime to retire "Chernobyl style" ones B4 there was a meltdown and contaminaion not only of the Korean peninsula, but from Beijing to Shanghai to Tokyo (plus, ironiclly, Hiroshima and Nagasaki), to Vladivostok... (And ABB was eminently well equipped to get the job done).
 

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It just shows the laughable levels of corruption and hypocrisy inside the heart of the Bush regime.
 

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I'd love to know more details. rd878 may be right! It's better to have safe nuclear power plants than those old Russian style plants (with only two circuits instead of three!). I believe Chernobyl happened because the Russians were creating plutonium to use in nuclear bombs (cold war, anyone?) + the fact that it was a two circuit installation.
 
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