In the spring of 2005, David Stockman at last reaped the reward of the monopolist.
Stockman, who once served as Ronald Reagan's budget director, spent
two decades on Wall Street preparing for this moment. After stints at
Salomon Brothers and the Blackstone Group, Stockman in 1999 set up his
own private investment fund, Heartland Industrial Partners. He then
used Heartland to shape a set of companies -- mainly in the automotive
sector -- each dedicated to dominating a particular group of production
activities.