The Press will want to examine Howard Schmidt’s track record as a Carnegie Mellon University (CMU) “
http://www.cylab.cmu.edu/about/people.html">CyLab Fellow.”
The public record shows that Schmidt’s colleague at CMU, CyLab’s
http://www.cmu.edu/cmnews/020621/020621_sustain.html">most-publicized Founding Director, was in reality dot-com conman named William Guttman.
The
http://www.cmu.edu/cmnews/011205/011205_directors.html">persistent claim-to-fame of Schmidt’s academic colleague has been that he was the CEO and architect of “Printcafe,” an internet start up super-success.
SEC reports show that Printcafe was really just a
http://www.sec.gov/Archives/edgar/data/1108507/0000950149-00-000602-index.html">fast-buck IPO scheme, a “roll-up” of five competing companies purchased during a Jan-Mar 2000 six-week venture capital and debt spending spree of $144 million.
But the Internet bubble burst in March 2000, before Printcafe could IPO.
Printcafe revenue then
http://www.sec.gov/Archives/edgar/data/1108507/000095012802000316/0000950128-02-000316-index.htm">plunged from $55 million to $25 million during the year 2000.
In 2002, the Printcafe “Hail Mary” IPO was the
http://www.ipomonitor.com/reviews/2002/pages/bestworst.shtml">"worst of the year," and crashed from $10/share in June to $0.92/share in November.
Insolvent in Oct 2003, Printcafe became yet another spectacular dot-com flameout as it lost $250 million of public and private money and its
http://www.encyclopedia.com/doc/1G1-104336770.html">officers and directors were charged with securities fraud!
Ironically, the Oct 2003
http://www.post-gazette.com/pg/03295/233305-28.stm">public record birth announcement of Carnegie Mellon’s CyLab appeared on the same day, on the same page, in a paragraph adjacent to the death notice of William Guttman’s insolvent Printcafe dot-com!
The public record shows that Schmidt’s CyLab colleague was also the architect and manager of Aileron Capital, a hedge fund shut down in 2006 by then-CEO Richard Fuld of Lehman Bros.
http://www.post-gazette.com/pg/06358/748433-28.stm">after investors threatened lawsuits for managerial looting and fraud.
The public record record further shows that Schmidt shared a Carnegie Mellon stage with William Guttman during a 2002 White House meeting on Cybersecurity, and that Schmidt subsequently received a personal guided tour and briefing about Guttman’s big-money “Sustainable Computing Consortium” which was funded by Microsoft and NASA among others.
The public record shows that formerly-prominent IBM, Microsoft, and NASA are conspicuously absent from the
http://www.cylab.cmu.edu/partners/current_partners.html">list of CyLab ‘partners'. (Enquiring minds might correctly assume that their attorneys and field agents investigated whistle-blowing that CMU and
Schmidt ignored.)
But Guttman
http://www.heinz.cmu.edu/faculty-and-research/faculty-profiles/faculty-details/index.aspx?faculty_id=42">remains at Carnegie Mellon where he serves as a ‘Special Advisor’ to the Provost and is also the the Chairman of iCarnegie, the university’s for-profit international education initiative.
Carnegie Mellon’s President Jared Cohon has stated that CyLab
does not security-clear its Directors! our new Cybersecurity Czar ignored an obvious “insider threat” at CyLab.
Future Cybersecurity Czar Schmidt was just as easily conned as the clueless administration of Carnegie Mellon.
Despite Schmidt’s long-standing awareness about exhaustive whistle-blowing to CMU about the CyLab management identity fraud, America’s newest Cybersecurity Czar has confined his comments about Carnegie Mellon’s Guttman problem to the university’s General Counsel, Microsoft Security, and the editors of Chief Security Officer magazine.
America’s new Cybersecurity Czar is a player in what is surely a contender for “Cybersecurity Story of the Year.”