He spends his day using our money to make his friends very happy.
When a government owns the means of production and its solvency relies upon the profits these companies generate — that’s a Forever War formula.
https://www.theguardian.com/us-news/2026/jun/18/stephen-feinberg-trump-pentagon
Stephen Feinberg, the 66-year-old billionaire founder of the private equity giant Cerberus Capital Management, has served as the deputy secretary of defense since March 2025. His boss, the defense secretary, Pete Hegseth, makes frequent appearances working out with troops or insulting reporters at press conferences, and posts often on social media. But Feinberg does not show his face. He has been obsessively media shy for decades, and is so reclusive that since his confirmation hearing he has not testified to a single committee on Capitol Hill, has held no press conferences and given no interviews. His press spokesperson left the government months into his tenure and has not been replaced.
Still, 10 people across Capitol Hill, the Pentagon and the defense contracting community say Feinberg has far eclipsed Hegseth in actual influence and impact.
Everything is centered around Feinberg,” one veteran Pentagon bureaucrat said.
“I don’t think there’s anything that goes on that he doesn’t have a stake in,” said a financier familiar with his operations at the department.
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