SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Rauner talks Levine

Tuesday, Jan 28, 2014

* After months of waiting, Bruce Rauner finally talked with Greg Hinz about his employment of convicted influence peddler Stu Levine

When asked this by his opponents at a candidate debate earlier this month, Mr. Rauner said he “didn’t know” Mr. Levine at the time — Mr. Levine wasn’t indicted on federal corruption charges until a year later — and that GTCR got the work strictly because it produced good returns.

“I didn’t have ‘a relationship’ with Levine. I didn’t know him,” Mr. Rauner told me. “I didn’t interact with him. What I’ve been told is that he was an employee of a company in which we had a minority interest.”

In further comments over our tea, Mr. Rauner said GTCR’s ownership in the medical-services company that employed Mr. Levine varied from 5 percent to 40 percent, depending on the time. Two other GTCR officials — not him — served on the board of the firm, he said. And the medical services firm was one of scores owned by GTCR at the time, all of which had a number of highly paid officials, he said, though I doubt too many people at just one firm made $300,000 a year.

Mr. Rauner added one other thing: Mr. Levine’s original hiring by the medical firm predates GTCR’s acquisition of the company by at least a year, he said. If that’s true, it strengthens his case that Mr. Levine wasn’t fixing things for GTCR. But Mr. Rauner said he does not have access to the actual Levine hiring contract, which was extended by a company that no longer exists. Nor could he provide a copy of Mr. Levine’s departure agreement in 2004 or 2005 — after Mr. Levine was indicted on federal corruption charges — or say whether Mr. Levine received any financial settlement.

Asked whether he played the Illinois political game with Mr. Levine and others in getting pension work, Mr. Rauner replied that GTCR would make its pitch “to the staffs of the pension funds. . . .We did not interact with the board members.”

* But former TRS executive director Jon Bauman had this to say

“Clearly, no one disclosed the (Rauner/Levine) relationship at the appropriate time,” Mr. Bauman emailed me. “On one hand, GTCR was one of four owners in a company that was one of maybe 80 to 100 in (its) portfolio. On the other, limited partners pay general partners (like GTCR) a good fee to know what’s going on in their portfolio companies and to be accountable for them. I’m missing the accountability here.”

After being against the Rauner company’s investment offer, Levine voted for it at the next meeting.

- Posted by Rich Miller        


27 Comments
  1. - Superanon - Tuesday, Jan 28, 14 @ 2:50 pm:

    Who’s going to Duluth?


  2. - Oswego Willy - Tuesday, Jan 28, 14 @ 2:51 pm:

    Good enough for me… Thanks, Bruce.


  3. - Superanon - Tuesday, Jan 28, 14 @ 2:54 pm:

    OW, you owe me coffee. again.


  4. - wordslinger - Tuesday, Jan 28, 14 @ 3:03 pm:

    Where can I get one of those jobs where you make $50 million a year and have no responsibility, no accountability and no idea what’s going on?

    The idea that a pay-to-player like Rauner didn’t know Stu Levine or what he was all about is absurd.


  5. - Oswego Willy - Tuesday, Jan 28, 14 @ 3:06 pm:

    - Superanon -, apologies, send the bill to - AA -.

    “I am 100% responsible for whatever I can have an excuse for, it take credit from. Everything else is just baloney.”


  6. - Anonymous - Tuesday, Jan 28, 14 @ 3:11 pm:

    Sniffing around this fellows business interests gets more and more ‘fishy’ every day…..the sniffers are out in force - and good for that.


  7. - Sgt. Schultz - Tuesday, Jan 28, 14 @ 3:14 pm:

    I know nothing!


  8. - PoolGuy - Tuesday, Jan 28, 14 @ 3:16 pm:

    why would they hire/pay Stu Levine if he/they didn’t know what Stu could do for them? they found him in the phonebook under nice guys?


  9. - Fred Derf - Tuesday, Jan 28, 14 @ 3:26 pm:

    Bauman wants accountability? Oh my golly that is funny!


  10. - Chi - Tuesday, Jan 28, 14 @ 3:28 pm:

    To expand on PoolGuy’s point:

    If it’s true that Levine worked for the firm before GTCR bought it…

    Isn’t any private equity firm worth its salt going to look at all of the high paid employees and determine what the particular employee does for the company and whether they should be making that much money? So when Bruce was looking over the payroll of the newly acquired company, and sees Stuart Levine making $300k a year, isn’t he going to ask why?


  11. - Anonymous - Tuesday, Jan 28, 14 @ 3:31 pm:

    I just cash the checks. I don’t know how they actually wind up in my bank account.


  12. - MrJM - Tuesday, Jan 28, 14 @ 3:44 pm:

    Captain Rauner: I’m shocked, shocked to find that political fixing is going on in here!

    [Stuart Levine hands Rauner a pile of money]

    Stuart Levine: Your $50 million, sir.

    Captain Rauner: [sotto voce] Oh, thank you very much.

    Captain Rauner: [aloud] It’s pure baloney!

    Aaaaaaaaand scene.

    – MrJM


  13. - Oswego Willy - Tuesday, Jan 28, 14 @ 3:46 pm:

    I guess Rauner wants this to stay here until someone talks to Levine.

    Might not happen until April… The “3″ have no leverage to push(?)


  14. - Chad - Tuesday, Jan 28, 14 @ 3:55 pm:

    Off topic, but Rainer just amended his quarterly reports. Supposed to include payroll names.


  15. - walker - Tuesday, Jan 28, 14 @ 4:08 pm:

    You’re either an effective hands-on manager, or you’re a smart gambler with Other Peoples’ Money.

    Which set of “business skills” are you bringing to government again?


  16. - Drallid - Tuesday, Jan 28, 14 @ 4:25 pm:

    It wasn’t Stu “snorting animal tranquilizer mixed with crystal meth at the Purple Hotel” that shocked me, it was discovering Rauner was paying Levin $25,000 per month to do so.


  17. - Percival - Tuesday, Jan 28, 14 @ 4:28 pm:

    Once again, he faces a situation where he cannot be found to have a personal role, but that will be of little matter when the attack ads start. I do think it a bit unfair to tag him with things that he did not know (”so far,” anyway, since he did bend the truth like a pretzel on the minimum wage fracas), but when you pocket the money, you take the potential heat that can come with it.


  18. - concern1 - Tuesday, Jan 28, 14 @ 4:32 pm:

    I love politicians how they can talk out of both sides of their mouth..takes a lot of ability but then again they are politicians!!!!


  19. - Leave a Light on George - Tuesday, Jan 28, 14 @ 4:33 pm:

    I guess he would be just as surprised when another “Stu Levine” showed up on the state’s payroll after he became Governor?


  20. - Gordon Geko - Tuesday, Jan 28, 14 @ 4:56 pm:

    Rauner’s firm made good money off the bankrupting of senior citizens homes and laying off thousands of others.

    What’s wrong with that?

    Greed is good folks.


  21. - CollegeStudent - Tuesday, Jan 28, 14 @ 5:18 pm:

    ==== I do think it a bit unfair to tag him with things that he did not know====

    His campaign is predicated on how he will know everything that is going on in the state when he is governor. Tag him with his hypocrisy.


  22. - D.P.Gumby - Tuesday, Jan 28, 14 @ 5:18 pm:

    It was just business….as usual…like the way I will run government…


  23. - Henry Clay - Tuesday, Jan 28, 14 @ 6:03 pm:

    One of the problems with running for a public office (especially one like “Governor of Illinois”) is that all of a sudden everything you have ever done (privately and in business) is dragged out of the closet and thrown out into the sunlight. Where nobody even cared before, now all of a sudden you have the media and it’s few remaining investigative reporters crawling over everything that you have been involved in during the last twenty years. Hence, you had better be sure that your track record is as clean as a bed sheet. Any dirty laundry is going to be hung out for public inspection.

    I am not saying that Bruce Rauner (or anyone else) has done anything illegal, immoral, or anything which is fattening but the irony would be if Rauner (or anybody else) suddenly finds themselves suddenly being placed under a microscope by the feds for what some media investigative reporter took the time and effort to ferret out. Blagojevich, George Ryan, etc. are recent examples that show that the times are slowly changing in Illinois. Accountability in Illinois politics was always a joke. That is slowly changing. My guess is that Rauner would never have run for office if he thought that he had done something illegal in one of his previous investment ventures. He wasn’t likely to get to where he is in life by being only as smart as Rod and George.


  24. - Sgt. Schultz - Tuesday, Jan 28, 14 @ 6:07 pm:

    Is it not sad that this obsession to make billions is considered by many to be synonymous with the skills necessary to run government successfully?


  25. - Pot calling kettle - Tuesday, Jan 28, 14 @ 6:27 pm:

    == I do think it a bit unfair to tag him with things that he did not know==

    As has been pointed out, Rauner is running on his vast experience as a successful businessman; that means we should look very closely at how he has run his businesses to get an idea of how he will run the state. The nursing home deal, Stu Levine, etc. provide insight. Either he knew about (and presumably approved of) these aspects of his business, which is clearly problematic, OR he did not know (and presumably did not care to know) which is also problematic. Either way you get a governor who has Stu Levines in his ranks carrying out the state’s business and you get vulnerable folks in the state’s care in harms way. This appears to be how Rauner runs his businesses.


  26. - for the record - Tuesday, Jan 28, 14 @ 6:43 pm:

    Behind every great fortune there is a crime.
    —Balzac


  27. - Percival - Tuesday, Jan 28, 14 @ 7:56 pm:

    I see my comment got some responses. I don’t agree with all of them, particularly Pck’s implied assumptions, but it is of no account: Rauner is going to get nailed on this stuff either way, unless his opponents are fools.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Today's number: 89 percent
* Today's video: Rauner victory lap
* Ask a silly question...
* Blagojevich arrested eight years ago today
* Pritzker, Lisa Madigan added to enemies list
* Rauner loves him some DeVos
* Good news for Mitsubishi plant?
* Cullerton to Rauner: Cut a deal with AFSCME before pension reform
* The finger-pointing continues
* Sneed: Madigan "disappointed" in Kennedy's fundraising this year
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Can this concept HTC 11 make sense as company rebounds?
* Next European Galaxy Note 7 discharge update progresses to 30 percent
* US carriers detail Note 7 discharge update and why Verizon didn’t announce a date
* Should Microsoft still try to make a 3-in-1 device?
* Reports of margin call halt LeEco stock trading, company plans immediate business changes
* Prepare to buy the Huawei Mate 9 on January 6 in the U.S.
* Fitbit CEO drops some details on the Pebble acquisition

* Following up: Mr. Eaton’s drama goes to Washington
* Abreu thrilled for reunion with Moncada
* Giolito excited to join White Sox talent haul
* Winter meetings transformative for White Sox
* White Sox steal show at Winter Meetings
* Adam Eaton delivered despite doubters
* A tale of two Sox at Winter Meetings

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Jim Dey: Our leaders are turning bad into worse.....
* Budget uncertainty begins anew for universities.....
* Week in Review: Here are some stories you may h.....
* Our View: Could Madigan bring movement to budge.....


* Iran says it's finalized $16.6B Boeing deal to buy 80 planes
* EXCHANGE: Students use notes to counter racist graffiti
* EXCHANGE: Class credited for no post-election negativity
* Suburban cop put on desk duty after excessive force report
* Quincy University cuts 14 jobs as it faces $5M budget hole
* East St. Louis official resigns after corruption guilty plea
* Report: Illinois Lottery didn't pay major scratch-off wins
* Authorities: 1 dead in small plane crash in Illinois
* Northern Illinois braces for up to 12 inches of snow
* U of Illinois inks 10-year deal to buy energy from wind farm

* State of Illinois' woes loom large for local fundraisers
* Implications of 'lockbox' amendment still being examined
* Day center services' pros, cons debated in Springfield
* Day center services' pros, cons debated
* State's woes loom large for local fundraisers
* Anti-abortion medical providers argue against Illinois law
* $3M in emergency funds headed to Illinois community colleges
* Springfield-area veterans join pipeline protest
* Rauner asks Democrats for budget proposal, cancels meeting
* Comptroller: State employee bonuses on hold during impasse

* Like our roundup? Share it around.
* No warranty on Allstate's billion-dollar acquisition of SquareTrade
* Airbnb is banned from more and more Chicago condo buildings
* Public pensions have a ton of leverage. They should use it.
* How outmoded technology is clipping United's wings


* Editorial: Real fight at CPS is for cleaner government everywhere
* Man shot in West Pullman
* Man shot in Lawndale
* Illinois Tollway mobilizes fleet of snowplows for recent snowfall
* 16-year-old boy killed in NW Indiana crash
* Dear Abby: Ratty clothes on boy may be a ploy
* Georgia Nicols horoscopes for Dec. 11, 2016
* Man wounded in North Austin shooting
* Like Bulls, Erik Spoelsta appreciates Dywane Wade’s leadership
* Lamar Jackson becomes youngest winner in Heisman Trophy history


* City officials hope to avoid snow day on Monday
* Methodist church eases post-election fears for Muslim, minority artists
* Grand Crossing man charged in attack of 94-year-old woman
* 4 wounded in shootings on West, South sides
* Widow of man slain in Aurora one year ago: 'We need to find these killers'
* Bulls survive Heat 105-100 in rivalry that isn't what it used to be
* Republican John Kennedy wins Louisiana Senate runoff, giving GOP 52-48 edge
* Indiana police officer, 2nd man injured in gunfire exchange
* Trump expected to tap Exxon's Tillerson for State, even as Russia ties raise concerns
* Chicago gun violence having impact on local basketball recruits, coaches


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* State of Illinois' woes loom large for local fundraisers
* Implications of 'lockbox' amendment still being examined
* Day center services' pros, cons debated in Springfield
* Bernard Schoenburg: Schobin, Joost among Springfield staff for Mendoza, Duckworth
* Statehouse Insider: The ball's in your court. No, it's in your court.
* Andy Shaw: Radical changes needed for budget negotiations in Illinois
* Our View: Could Madigan bring movement to budget situation?
* Day center services' pros, cons debated
* John Kelker: New website offers tips on money management
* State's woes loom large for local fundraisers


* Volunteers brighten holiday for children of unemployed families
* Boy Scouts continue Eagle project for 25th year
* Don Follis: Universal fears give way to trust at Christmastime
* Goodfellow Fund 12/11/16
* David Bernthal/Off the Bench: Senior judges critical to courts' ecosystem
* Yosemite Don will outduel Nixon?
* Barn Yarns: A mantel of honor
* That's entertainment: Spotlighting events throughout the area
* Consider running for school board
* Letter from Birdland: Signs of winter falling from sky


* The Latest: Syrian activists say IS has seized Palmyra
* Hospital director: 160 dead in collapsed Nigerian church
* Spain plans $528M in environmental taxes to meet EU goals
* Iran says it's finalized $16.6B Boeing deal to buy 80 planes
* Bombing at Egypt's main Coptic Christian cathedral kills 25

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Greg Hinz on Politics Look who wants to be......

* Sen. Mark Kirk Cheers Illinoisans, Cubs Du......

* Jesus Ortiz, Missing Since September, Found On West Side
* Old School
* No sanctuary for undocumented students at the University of Illinois.
* Holiday Pop-Up Market Saturday, 3pm-9pm
* D.C. map.
* Shedd School as seen in December
* Looking for more ‘REALTORS® Give Back’ stories
* Breaking. Judge orders TRO against Rauner and for state workers.
* Keeping retirement weird. My mother never asked permission to protest.
* Just over 80 days away ‘til Election Day (already?!?), at least for some of us


* Criminal justice, health services stakeholders convene for Data-Driven Health & Justice Conference - Event will emphasize innovative strategies to address “superutilizers” of emergency departments and jails
* Know Before You Go with IDOT'SWinter Road Conditions Map
* Governor’s Export Awards Recipients Announced
* Governor Signs Legislation to Protect Jobs, Ratepayers and Taxpayers
* Give The Gift Of A Lifetime With A College Illinois!® 529 Prepaid Tuition Plan - College Illinois! can help limit or even eliminate future student loan debt




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller