Warning: This post is badly written I am sorry to inform, read at your own peril.
In part one I examined the first thirty years of Steve Bannon, the alleged power behind the throne. While these three decades offered little insight into Bannon’s motives and personality they were highly revealing in regards to Bannon’s intellect and experience, showing that Bannon’s education was on par with others of significant political power by the time he was thirty.
Of course Bannon’s education does not mean he deserves a place at the table, that is a debatable issue which, once I’ve gathered all the facts I can, I shall examine in greater detail.
Following his leaving of the navy in 1983 Bannon enrolled in Harvard Business School, where he achieved a Master Of Business Administration degree with honors.
Immediately following this Bannon landed himself a job at Goldman Sachs as an investment banker in the Mergers and Acquisitions Department.
During his time at Goldman Sachs Bannon had his first child in 1988, his daughter Maureen from his wife Cathleen Suzanne Houff, they divorced sometime after.
Bannon continued to work at Goldman Sachs until 1990 at which point he and several of his colleagues left to start their own investment bank.
The bank is called Bannon & Co, and is still in business today though Bannon is no longer affiliated with it. During Bannon’s time there he lead the negotiation of Westinghouse Electric and Castle Rock Entertainment.
‘Westinghouse Electric, a client, was looking to unload Castle Rock Entertainment, which had a big TV and movie presence, including Billy Crystal’s films. Bannon reeled in an eager buyer: Ted Turner. “Turner was going to build this huge studio,” he says, “so we were negotiating the deal at the St. Regis hotel in New York. As often happened with Turner, when it came time to actually close the deal, Ted was short of cash. … Westinghouse just wanted out. We told them, ‘You ought to take this deal. It’s a great deal.’ And they go, ‘If this is such a great deal, why don’t you defer some of your cash fee and keep an ownership stake in a package of TV rights?’ ” In lieu of a full adviser’s fee, the firm accepted a stake in five shows, including one in its third season regarded as the runt of the litter: Seinfeld. “We calculated what it would get us if it made it to syndication,” says Bannon. “We were wrong by a factor of five.”
– By Joshua Green | October 8, 2015
It was in this period in the early nineties that Bannon became interested in the film industry, he produced his first film in 1992, Sean Penn’s The Indian Runner. We’ll return to Bannon’s movie career in a bit.
I had a bit here explaining Bannon’s involvement in Biosphere 2 but I’ve removed it because some of the information I was using was incorrect and I discovered someone else had already explained the situation in greater detail. As a writer I think it’s important to write your own pieces on issues and give your own interpretation, but sometimes you simply have to admit there’s not much more you can add to the conversation.
From this information it is easy to see Bannon’s intelligence and business acumen. A character trait that Bannon has presented in this period is his natural tendency towards leadership. It seems clear that Bannon was the one who convinced his coworkers to join him in creating an investment bank as it’s his name above the door. It’s also clear that the people who have worked for Bannon have a respect for the man that isn’t often shown by the media.
I’m going to wrap this part up now, I’ll see about writing part three sometime next week but I make no promises. In attempting to convey an accurate picture of Steve Bannon I’ve had a lot of information to process and condense and I haven’t been doing the best job of it. As you can tell my quality of writing has been less that par for this part and the last, this is due to my massive inexperience in writing profiles. I set about writing this because I felt the media portrayal of Bannon was and is so extremely negative and that the major profiles done of him have ignored the facts to make him seem both unexperienced and a horrible person.
Anyway, time to stop writing now.