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The Profiteers
The tale of the Bechtel family dynasty is a classic American business story. It begins with Warren A. 'Dad' Bechtel, who led a consortium that constructed the Hoover Dam. From that auspicious start, the family and its eponymous company would go on to 'build the world,' from the construction of airports in Hong Kong and Doha, to pipelines and tunnels in Alaska and Europe, to mining and energy operations around the globe. Today Bechtel is one of the largest privately held corporations in the world, enriched and empowered by a long history of government contracts and the privatization of public works, made possible by an unprecedented revolving door between its San Francisco headquarters and Washingto
Friends in High Places
“Riveting . . . exemplifies how business works by exploiting personal connections.”—Businessweek The Bechtel Group is a private company that shuns the limelight, yet it is one of the prime movers-and-shakers in the global economic arena. Founded by self-made millionaire Warren A. Bechtel as a risk-taking construction and engineering firm, the multibillion-dollar, multinational conglomerate is responsible for constructing the Hoover Dam, laying the Alaskan oil pipeline, and building half of the world’s nuclear power plants, for starters. But Bechtel did not complete these ambitious projects on its own; it did so with the help of such “friends” as Ronald Reagan, George Bush, and Dw...
