Doug Kreeger, Air America, Piquant LLC Board Of Directors
Kreeger Apparently Frustrated With AAR
*** Exclusive To The Radio Equalizer ***
A key board member of Air America Radio's parent company has suddenly resigned, apparently out of frustration with the network's missteps, the Radio Equalizer has learned exclusively.
"Progressive" activist Doug Kreeger, who has been with the liberal talk radio outfit since its earliest days, exited Piquant LLC's board several days ago, according to an internal source.
Considered truly committed to the liberal cause, Kreeger also served as Air America's CEO at an earlier point in the troubled network's history. In addition, he has been a major investor in the company and likely still holds at least two million common and preferred units, as well as warrants. In a much smaller quantity, his wife Wendy has also held company shares.
At this point, however, these units could at best be described as illiquid assets, with little or no realistic cash value.
In addition, at key points where Air America saw a particularly urgent need for ready cash, Kreeger was there to help with further investment commitments.
Kreeger's ideological compatibility with Air America's leftist slant is certainly made clear in this 2005 opinion piece published by AlterNet:
If Roosevelt created the New Deal, then it is clear that Bush, in the wake of Katrina, has come up with the "Raw Deal."
In true religious fashion, Bush will take from Peter to pay Paul. From the start, we all just sat waiting for Bush to figure out how to respond, because it was clear that the likes of Karl Rove and Grover Norquist had to figure out a plan to take full political advantage of the crisis. What Iraq was for 9/11, Katrina is for the other two agendas of this administration: tax cuts and the faith-based initiative.
In his speech at New Orleans' St. Louis Cathedral, Bush used the "bully pulpit" not to bring people together, but to lecture his congregation, like a preacher. In the days after the tragedy he made biblical references; he talked about faith as if the Bible was the point of reference in a country built on laws guaranteed by our constitution. This President once again showed that he and his cronies are unable to think -- ever -- about the collective good of this nation.
In the days that followed, it became clear that this administration was going for broke on all their key issues. The answer to rebuilding is not to raise taxes, or defer enactment of the next round of tax cuts, or implementation of the estate tax changes, but merely to shift spending.
So who pays for this crisis in New Orleans? Simple. As the tax cuts continue, our grandchildren -- and perhaps their children -- will pay for the cleanup, while our national debt escalates.
When a major investor jumps ship in this way, it's a likely sign that the person has given up on the company. With so much invested in Air America Radio, that couldn't have been an easy decision for Doug Kreeger to make.
Meanwhile, the sometimes bizarre campaign to reinstate late- night fringe talker Mike Malloy continues, with additional video clips of his extremist rantings appearing on YouTube.
Contributed by "Stop Corporate Whores", here's another Malloy gem:
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Losing image: David A Lunde
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