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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe billionaire hidden behind the curtain inside Trump's Pentagon
https://www.theguardian.com/us-news/2026/jun/18/stephen-feinberg-trump-pentagonMedia-shy financier Stephen Feinberg has quietly amassed extraordinary influence over US military spending
Long article - lots of detail.
Please also see CousinIT's recent post about Feinberg: https://www.democraticunderground.com/100221179019

Stephen Feinberg, Donald Trump's nominee to be deputy secretary of defense, testifies during his Senate armed services committee confirmation hearing on 25 February 2025 in Washington DC. Composite: Department of Defense, Getty Images
he only available video over the last 15 months of the official who really wields power in Donald Trump's Pentagon is a cartoon animation. Released in May on X by the US government, it shows a silver haired figure in a grey suit lighting up a cigar and sitting at a massive wooden desk with a nameplate: DEPSECWAR FEINBERG.
Stephen Feinberg, the 66-year-old billionaire founder of the private equity giant Cerberus Capital Management, has served as the deputy undersecretary 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 CapitaI 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.
. . .
Stephen Feinberg, the 66-year-old billionaire founder of the private equity giant Cerberus Capital Management, has served as the deputy undersecretary 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 CapitaI 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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The billionaire hidden behind the curtain inside Trump's Pentagon (Original Post)
erronis
Thursday
OP
Another rich man who thinks he's an excellent judge of character, but isn't
muriel_volestrangler
Thursday
#2
UpInArms
(55,643 posts)1. Cerberus
in Greek mythology, the monstrous watchdog of the underworld. He was usually said to have three heads, though the poet Hesiod (flourished 7th century BCE) said he had 50. Heads of snakes grew from his back, and he had a serpents tail. He devoured anyone who tried to escape the kingdom of Hades, the lord of the underworld, and he refused entrance to living humans, though the mythic hero Orpheus gained passage by charming him with music. One of the labours of the warrior Heracles was to bring Cerberus up to the land of the living; after succeeding, he returned the creature to Hades.
muriel_volestrangler
(106,842 posts)2. Another rich man who thinks he's an excellent judge of character, but isn't
A Pentagon official who worked with Feinberg told the Guardian: In his mind the most qualified people are the people who have been working for him for 10 years. Their whole thing is shaking up the way government works.
Feinberg briefly was the center of unwanted attention this month, when a CIA official faced federal charges for allegedly lying about his background. Federal agents wrote David Rush had stashed millions of dollars worth of gold in his house. Feinberg, officials said, supported Rush in a phone call to the agency before learning of the scandal. A Pentagon spokesperson said Rush and Feinberg didnt have a close personal relationship of any kind.
Feinberg briefly was the center of unwanted attention this month, when a CIA official faced federal charges for allegedly lying about his background. Federal agents wrote David Rush had stashed millions of dollars worth of gold in his house. Feinberg, officials said, supported Rush in a phone call to the agency before learning of the scandal. A Pentagon spokesperson said Rush and Feinberg didnt have a close personal relationship of any kind.
But mainly, he's working to make rich people even richer. Good to see Sen. Warren is on the case.