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Al Gore Named Vice Chairman of LA-Based Financial Services Firm Metropolitan West Financial
AP ^ | 11.19.01 | AP

Posted on 11/19/2001 5:50:41 AM PST by callisto

LOS ANGELES (AP) - Al Gore has accepted a job as vice chairman of Metropolitan West Financial, a Los Angeles-based financial services holding company, the company said Monday.

The former vice president and last year's Democratic presidential candidate will "help us identify and evaluate new business opportunities and play an active role in shaping the future of our company," the firm's chairman and chief executive officer, Richard S. Hollander, said in a statement.

In particular, Gore will help develop strategies in biotechnology and information technology and examine opportunities for international expansion, the company said.

In the statement, Gore said that after a quarter-century of serving as a congressman, senator and vice president, "I am eager to learn more about business as an active executive of this dynamic and community-oriented company."

Gore will continue to serve as a research professor focusing on family-centered community building at the University of California, Los Angeles, and will continue to teach classes on the subject at Middle Tennessee State University and Fisk University, both in his home state of Tennessee.

Metropolitan West manages about $51.2 billion through several affiliates that providing a variety of asset management services.

---

On the Net:

http://www.mwfin.com

AP-ES-11-19-01 0920EST


TOPICS: Front Page News; News/Current Events
KEYWORDS:

1 posted on 11/19/2001 5:50:41 AM PST by callisto
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To: callisto
Good thing he earned that MBA ... no, wait, he doesn't have an MBA - that's our president who earned an MBA. Well, good thing he earned that law degree ... no, wait, he flunked out of law school. Umm. Never mind.
2 posted on 11/19/2001 5:53:29 AM PST by mountaineer
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To: mountaineer
I bet he got the job through divine intervention, no wait....
3 posted on 11/19/2001 5:57:23 AM PST by Quilla
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To: mountaineer
The title says it all....he's is not qualified to be the chairman. Always the vice, never the chairman.
4 posted on 11/19/2001 6:00:04 AM PST by stars & stripes forever
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To: callisto
Other than his inability to stand up against Clinton and having very little in the way of executive experience other than being a former vice-president.What was it Mr Gore brought to the table of this corporate giant?Ah- I bet it was his keen intellect and his inventive mind? <\sarcasm>
5 posted on 11/19/2001 6:02:45 AM PST by lexington minuteman 1775
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To: Quilla

Huh? I don't know nuthin' about no finances.
6 posted on 11/19/2001 6:02:49 AM PST by mountaineer
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To: callisto
Al Gore will make a great "vice" chairman. He served eight years as Bill Clinton's lookout man.
7 posted on 11/19/2001 6:08:38 AM PST by IronJack
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To: callisto
ALREADY POSTED.
8 posted on 11/19/2001 6:10:43 AM PST by ladtx
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To: mountaineer
And...good thing he has that Divinity Degree ...no, that's right, he dropped out of that ...oh well, at least he has good work experience in fund raising - maybe he can serve in a vc-type function and raise capital - he will face a small handicap inasmuch as he won't have the White House or the FBI files with which to bludgeon potential donors - ah, make that investors - but I am sure he will succeed well in his new occupation.
9 posted on 11/19/2001 6:12:47 AM PST by magoo_70115
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To: mountaineer
"Headquartered in Los Angeles, MetWest Financial, Inc. is a diversified financial services holding company that dedicates capital and resources to helping financial services companies grow and develop. WE WERE FOUNDED IN 1992 WHEN WE ACQUIRED THE SECURITIES LENDING OPERATIONS FROM BANK OF AMERICA."

Al Gore finally landed a big bucks kind of job....I wonder what kind of 1992 payback finally came due.

10 posted on 11/19/2001 6:18:08 AM PST by YaYa123
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To: callisto
In the statement, Gore said that after a quarter-century of serving as a congressman, senator and vice president, "I am eager to learn more about business as an active executive of this dynamic and community-oriented company."

In another statement, Gore said that he looks forward to bringing his keen intellectual and inventitve skills to the private sector. "You know, I invented the internet and electricity, so I hope I can come up with some even more amazing ideas, like air travel."

11 posted on 11/19/2001 6:30:49 AM PST by Darth Dan
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To: callisto
Hmmm... Clinton gets the east coast, Gore the west coast... sounds like a conspiracy to put a choke hold on the middle of the country to me. /sarcasm
12 posted on 11/19/2001 6:32:16 AM PST by rintense
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To: callisto
At least he's working on topics he knows something about. I don't care much for our former Veep, but he isn't dumb. He's just better at in-depth analysis than instinct sorts of decisions.

I'm also wondering if this is a preliminary sign that he will not be seeking the nomination in 2004. I keep going back and forth on this one. On the one hand, this seems like a fairly substantial position to take with the intention of leaving in a year or so. On the other hand, this might be his way of adding corporate experience to his political resume.

Interesting, in any case...

13 posted on 11/19/2001 6:35:13 AM PST by ignatz_q
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To: All
This bogus appointment calls for an excerpt from “Rainforest Man”:

CLINTON: I think he may be a retard!

JORDAN: Duh! But, if you had objections, you should have raised them months ago. Now, we’re stuck with him... unless you think we should kill him and pick somebody else.

CLINTON: I guess that’s always an option, but it might look suspicious. We’ll see how he does for a few more weeks, at least. But I’m seriously worried that he won’t be able to cut it. The media can only do so much for us... I mean, how many people even watch our boy Rather anymore? Does this Gore fellow understand what he’s in for?”

JORDAN: Somewhat. He’s out in the waiting area right now with your secretary. Let’s bring him in... (he leans over and pushes the intercom) Betty, please send the vice-president in now.

CURRIE: (over intercom) With pleasure! Mr. Gore, please put those down! Put them down! They want you in the other room! Those are mine! Leave them where they are and go into the oval office!

GORE: (over intercom) Eighty-two... fifty-four... eleventy-seven... two hundred and forty six paperclips... two hundred and forty six.

CURRIE: (over intercom) Actually, Mr. Gore. There’s only five paperclips there. Just five.

GORE: (over intercom) Two hundred and forty six... Two hundred and forty six paperclips...

The door swings open and Betty Currie is seen pulling vice-president Gore into the oval office. Gore glances around aimlessly, as he shuffles along, muttering to himself. Dressed in loose-fitting, “business casual” earthtones, he is holding a few paperclips and continues to count them as Currie pushes him into a chair and runs out quickly.

GORE: One… twelvety-six… orange… eight… Two hundred and forty six paperclips! (shows his five paperclips to Jordan)

JORDAN: Hello Albert. You remember President Clinton, don’t you? You’ve met a couple of times.

GORE: William Jefferson Clinton... 81st President of the United States... Former Senator from Texas... War hero... William Jefferson Clinton... Greatest President ever... William Jeff.. Jeff... Jefferson Clinton. Impeachment was a sham... partisan sham... totally bogus…

CLINTON: That’s right Albert! A bogus sham! You remember that! You’re pretty bright! Nice to see you again. How’s things going?

GORE: Fourteen minutes till Geraldo... I have to watch Geraldo... fourteen minutes… fourteen minutes till Geraldo.

JORDAN: Actually Albert, Geraldo won’t be on for about six more hours, so we have some time to talk about your campaign.

GORE: Campaign’s going great… alpha male… Al is for alpha… storming into office... thirteen minutes to Geraldo.

CLINTON: I always wondered who the hell watched that show... (a sudden thought and a chuckle) Hey Albert! Geraldo’s on now! He’s on now! You’re missing it!

GORE: (jumping up and screaming) GERALDO’S ON NOW!! CAN’T MISS GERALDO!! GERALDO’S ON NOW!

JORDAN: Cut the crap Bill! That’s NOT funny!

GORE: GOTTA WATCH GERALDO! GERALDO’S ON NOW!! NEED A TELEVISION!!

JORDAN: Albert! Albert! Calm down! Geraldo won’t be on for a few more hours! The president just thinks he’s funny. Calm down! That’s it... sit back down... good boy, Albert. No Geraldo on now. I’ll let you know when Geraldo’s on. (turning to Clinton) I oughta have you killed, dickhead.

CLINTON: Ooooooh Big Man! Lighten up Vern, I was just goofing on him...



(Click on picture.)

14 posted on 11/19/2001 6:38:44 AM PST by dead
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To: rintense
"I am eager to learn more about business as an active executive of this dynamic and community-oriented company."

On the job training!! - but the title of executive for a flunk out is a good start.

15 posted on 11/19/2001 6:41:09 AM PST by LADY J
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To: callisto
Good. That way, when the high-tech sector of the economy continues to plummet, this will hurt him bigtime if he wants to run in 2004.

Algore in his own words, 1992-2000 - including Earth In The Balance

16 posted on 11/19/2001 7:06:57 AM PST by glc1173@aol.com
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To: ignatz_q
I hate to disagree with you, but Algore IS dumb.....and he's MEAN, but hey, at least he got a job...I was feeling kind of sorry for him.
17 posted on 11/19/2001 7:09:30 AM PST by Ann Archy
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To: callisto
Metropolitan West manages about $51.2 billion through several affiliates "
THATS THE END OF THAT COMPANY....CHAPTER 11 IN 12 MONTHS.
18 posted on 11/19/2001 7:15:55 AM PST by 1 FELLOW FREEPER
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To: callisto
Let's see; Gore gets to "..live near Washington, D.C. and Tenn., he continues to teach at two universities in Tenn.. The company that will employ him is in Los Angeles, CA. Talk about telecommuting! What could have been the motivation for this company to hire this individual who will rarely ever see work?
19 posted on 11/19/2001 8:45:49 AM PST by elephantlips
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To: callisto
Could be a good way to launder some more Chinese money? Pretty easy to mix up a few million in 51 billion and then put it somewhere.
20 posted on 11/19/2001 9:51:12 AM PST by culpeper
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To: Tuco-bad
Well Tuco, once again I'm right and you are wrong. You claimed that Gore would become a President at an East Coast, Ivy-League University, while I said that he had something very different in mind. Hmmm... Financial Consultant on the West Coast, who woulda thunk it?!

But at least your track record for your claims is holding up at 100% (of course, that's 100% the wrong call, but who's counting)!

21 posted on 11/19/2001 10:00:33 AM PST by Southack
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To: Darth Dan
Fox News guy read the story of Gore and at the end said, "Sounds like a good job for a guy who invented the internet". LOL
22 posted on 11/19/2001 10:03:03 AM PST by maranatha
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To: Southack
(Gore) Financial Consultant on the West Coast, who woulda thunk it?!

Hmmm, George Bush Sr. partner (plus many others from his and Reagan's Adminstration) in buyout firm Carleyl Group, Bill Bradley 7 figure salary working for Wall Street, Rick Lazio CEO of Financial Services Lobbying Group, now Gore vice chairman of Financial Services company.

Am I seeing a pattern here?

23 posted on 11/19/2001 11:52:57 AM PST by Tuco-bad
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To: Tuco-bad
You sure aren't admitting that you were wrong about Gore as easily this time as you did when you admitted you were wrong about the election as well as that time you claimed that GWB wouldn't campaign for Lazio...
24 posted on 11/19/2001 11:57:29 AM PST by Southack
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To: callisto
Think he FINALLY got his LOCK BOX???
25 posted on 11/19/2001 12:08:28 PM PST by WIladyconservative
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To: Southack
You sure aren't admitting that you were wrong about Gore as easily this time as you did when you admitted you were wrong about the election as well as that time you claimed that GWB wouldn't campaign for Lazio...

GWB NEVER campaigned for Lazio, nor did GWB offer Lazio a position in his administration.

Ever wonder why?

BTW - Do you still advocate work and student visas for Muslims?

26 posted on 11/19/2001 12:08:37 PM PST by Tuco-bad
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To: callisto
The former vice president and last year's Democratic presidential candidate will "help us identify and evaluate new business opportunities and play an active role in shaping the future of our company,"

"Hi, ladies. I'm the vice chairmen of Metropolitan West Financial. I'll bet you're eager to make a financial investment in your future. If you give me $5 dollars today, I can promise you a return of $15 dollars by the end of next month. $5 dollars, that's all I'm asking."

"Beat it, loser."

"How about a buck? One buck! Please, ladies, I have to get back to the office and I don't have enough money for the bus. Help the needy? Wait..."

27 posted on 11/19/2001 12:13:30 PM PST by Cinnamon Girl
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To: Tuco-bad
"GWB NEVER campaigned for Lazio..."

Sure he did. I even posted a picture of GWB shaking hands with Lazio in New York City back in 2000.

Face it Tuco, your predictions are always precisely wrong.

28 posted on 11/19/2001 12:14:07 PM PST by Southack
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To: callisto
Al Gore Named Vice Chairman

Always the vice and never the head dude.

29 posted on 11/19/2001 12:16:20 PM PST by Slyfox
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To: callisto
What a pathetic joke! He has no qualifications of any kind for this job and he is no believer in capitalism. Has algore sold out on his core socialist beliefs?
30 posted on 11/19/2001 12:21:45 PM PST by austingirl
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To: callisto
That's putting the fox in charge of the hen house.

A fool who hires a liberal to manage is his money is soon parted from it.
31 posted on 11/19/2001 12:29:27 PM PST by hsszionist
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To: Southack
Sure he did. I even posted a picture of GWB shaking hands with Lazio in New York City back in 2000.

One handshake is campaigning? - Sure!

32 posted on 11/19/2001 4:35:05 PM PST by Tuco-bad
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