Bush brother's divorce reveals sex romps edition-cnn-com
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Bush brother's divorce reveals sex
romps
Wednesday, November 26, 2003 Posted: 0315 GMT (11:15 AM HKT)
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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 closelyabout the
deals, especiallya contract with Grace
Semiconductor Manufacturing Corp., a firm
backed byJiang Mianheng, the son of
former Chinese President Jiang Zemin,
that would payhim $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 absolutelyno 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 byReuters after the Houston Chronicle first reported on the documents.
"And you have absolutelyover the last 10, 15, 20 years not a lot of demonstrable
business experience that would bring about a companyinvesting $2 million in you?"
"I personallywould 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 companyand 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 companyand 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.
Arepresentative 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 onlyan
average of three to four hours a week. For that, he received $15,000 everythree
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 familyof former President Bush and wife
Barbara.
He was involved in a business controversyin the late 1980s when he was director of
Denver, Colorado-based Silverado Savings &Loan, which collapsed at a cost to
taxpayers of $1 billion.
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