Tuesday, June 29, 2010


Robert Cohen explains the South African word "tenderpreneur" in yesterday's NYT:

"A tenderpreneur is an insider pocketing millions from rigged
government tenders for everything from air-conditioners to
locomotives. The word denotes failure, that of black economic
empowerment, which has come to mean much for the few and little for
the many."

I hope that the word will gain currency in American English.
Halliburton, KBR, Blackwater (aka XE Services), and dozens of other
private contractors in Iraq, Afghanistan and, yes, the Gulf of Mexico,
are tenderpreneurial multinationals.