We see the revolving door scenario alive and well, Ron Wyden's former chief of staff has gone to the dark side. Looks like a big catch. I hate it. I hope Ron tells them to go perform an impossible act on themselves.
Josh Kardon, former longtime chief of staff to U.S. Sen. Ron Wyden (D-Ore.), has a new lobbying client—Exxon Mobil Corporation.
The oil giant wants access to the U.S. Senate Committee on Energy and
Natural Resources, of which Wyden is the new chairman. Kardon, who works
for the Capitol Hill Consulting Group in Washington, D.C., declined to
comment about taking on Exxon Mobil as a client.
Showing posts with label revolving door. Show all posts
Showing posts with label revolving door. Show all posts
Wednesday, April 17, 2013
Friday, April 5, 2013
SEC and Mary Jo White
She is a perfect example of the revolving door between Wall Street and Government regulators, and she has such a mass of conflicts of interest that she shouldn't have ever been considered, but instead she now heads the SEC, government watchdog of the markets. Mister President, if you're listening, this stinks.
She has servered all the titans, JP Morgan, Goldman Sachs, GE - you name it she served them, but now she says she'll make them toe the line. Uh Huh. In an article on Truthout Mark Karlin says
"Mary Jo White will be collecting $42,000 a month in retirement pay for life from Debevoise & Plimpton. As Bloomberg reported, “This means she has a direct interest in Debevoise’s future profits, and therefore an incentive to help make sure only good things come the firm’s way. Debevoise’s partner-retirement plan is unfunded, meaning the firm pays benefits from its continuing business operations.”
"The New York Times reports that White and her husband, who’s also a corporate litigator, have a net worth of at least $16 million and investments that might be valued as high as $35 million. Now, courtesy of President Obama, Mary Jo White’s been named to head the SEC, the Securities and Exchange Commission — the very agency that regulates her clients and everyone else doing business in the stock market."
She has servered all the titans, JP Morgan, Goldman Sachs, GE - you name it she served them, but now she says she'll make them toe the line. Uh Huh. In an article on Truthout Mark Karlin says
"Mary Jo White will be collecting $42,000 a month in retirement pay for life from Debevoise & Plimpton. As Bloomberg reported, “This means she has a direct interest in Debevoise’s future profits, and therefore an incentive to help make sure only good things come the firm’s way. Debevoise’s partner-retirement plan is unfunded, meaning the firm pays benefits from its continuing business operations.”
"The New York Times reports that White and her husband, who’s also a corporate litigator, have a net worth of at least $16 million and investments that might be valued as high as $35 million. Now, courtesy of President Obama, Mary Jo White’s been named to head the SEC, the Securities and Exchange Commission — the very agency that regulates her clients and everyone else doing business in the stock market."
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