From Reuters, 11/26/03:
http://edition.cnn.com/2003/ALLPOLITICS/11/25/bush.brother.reut/
Bush brother's divorce reveals sex romps
Wednesday, November 26, 2003
HOUSTON, Texas (Reuters) --
Neil Bush, younger brother of President Bush, detailed lucrative
business deals and admitted to engaging in sex romps with women in
Asia in a deposition taken in March as part of his divorce from now
ex-wife Sharon Bush.
According to legal documents disclosed Tuesday, Sharon Bush's lawyers
questioned Neil Bush closely about the deals, especially a contract
with Grace Semiconductor Manufacturing Corp., a firm backed by Jiang
Mianheng, the son of former Chinese President Jiang Zemin, that would
pay him $2 million in stock over five years.
Marshall Davis Brown, lawyer for Sharon Bush, expressed bewilderment
at why Grace would want Bush and at such a high price since he knew
little about the semiconductor business.
"You have absolutely no educational background in semiconductors do
you?" asked Brown.
"That's correct," Bush, 48, responded in the March 4 deposition, a
transcript of which was read by Reuters after the Houston Chronicle
first reported on the documents.
"And you have absolutely over the last 10, 15, 20 years not a lot of
demonstrable business experience that would bring about a company
investing $2 million in you?"
"I personally would object to the assumption that they're investing $2
million in me," said Bush, who went on to explain that he knew a lot
about business and had been working in Asia for years.
Bush, who inked the Grace deal in August 2002, said he had not yet
received any stock from the company, which built a plant in Shanghai
that began production in September.
He is supposed to consult for the company and be on the board of
directors, he said.
He said he joined the Grace board at the request of Winston Wong, a
co-founder of the company and the son of Wang Yung-ching, the chairman
of Taiwan's largest business group, Formosa Plastics Corp. Bush never
mentioned Jiang Mianheng in the deposition.
Wong, he said, also is an investor in his latest venture, Ignite!, an
Austin, Texas, educational software firm.
A representative at Grace's U.S. office in California had no comment
on the Bush contract.
Brown questioned Bush about numerous other business ventures that paid
him well to be a consultant and fundraiser, and, in at least one case,
for little work.
Bush said he was co-chairman of Crest Investment Corporation, but
worked only an average of three to four hours a week.
For that, he received $15,000 every three months.
Bush said he provided Crest "miscellaneous consulting services."
"Such as?" asked Brown.
"Such as answering phone calls when Jamail Daniel, the other
co-chairman, called and asked for advice," Bush said.
Bush did not return calls to his Ignite! office and his divorce
lawyer, Rick Flowers, was not available for comment.
Bush is the third of five children in the family of former President
Bush and wife Barbara.
He was involved in a business controversy in the late 1980s when he
was director of Denver, Colorado-based Silverado Savings & Loan, which
collapsed at a cost to taxpayers of $1 billion.
He denied any wrongdoing, but was sanctioned by the federal government
for his part in the failure.
The Bush divorce, completed in April after 23 years of marriage, was
prompted in part by Bush's relationship with another woman.
He admitted in the deposition that he previously had sex with several
other women while on trips to Thailand and Hong Kong at least five
years ago.
The women, he said, simply knocked on the door of his hotel room,
entered and had sex with him.
He said he did not know if they were prostitutes because they never
asked for money and he did not pay them.
"Mr. Bush, you have to admit it's a pretty remarkable thing for a man
just to go to a hotel room door and open it and have a woman standing
there and have sex with her," Brown said.
"It was very unusual," Bush said.
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The kid just seems to have disappeared. But I'm sure he'll show up
somewhere sometime when you least expect it.
Harry
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