Case file #1:
Bowles’s Good "Luck": Dems spare U.S. Senate candidate from an embarrassing lawsuit.
"Bowles doesn't consider himself responsible for helping to destroy over $100 million in pension money for state workers in Connecticut. He says that he was only "there part-time on and off for a couple of years." Bowles continues his defense by noting that "over a 20-year period" — when Bowles was not a Forstmann Little partner — "[Forstmann Little] had a return of their investment of over 35 percent." In other words, he embraces the period when he wasn't a partner, but dismisses the time span during which he was one.
But Bowles's salary alone belies his claims that he was a part-timer: $4.3 million per year.
By all accounts, Bowles was seen as an asset to the firm, someone who had extensive experience with higher-risk/higher-return investments, a model that Forstmann Little had largely eschewed for most of its history."