Tuesday, December 28, 2004

Revolving Door Riches

Outgoing Homeland Security Secretary Tom Ridge made $175,500 a year guarding the homeland. He'll make $50,000 a speech talking about the job he did now that he's available on the speaking circuit. If he lands a job at a law or lobbying firm, he's looking at a cool $1 million a year. Then there's the whole arena of big companies that could pay him double, triple or more -- just to sit on their board and bring in government contracts. And he's just one of the politicians cashing in on civil service this year. (NYT)

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