The Lucrative Road From Congress to Corporate Boards
‘In an election year dominated by populist outsiders, politicians are learning that cozy relationships with corporate America can be a liability.
Take former U.S. Senator Evan Bayh, a Democrat from Indiana, whose campaign to regain his old seat has been impeded by the $3.8 million he made serving on four corporate boards after he left the Senate. Bayh’s early lead in the race has evaporated as well-funded conservative groups have spent millions in ads attacking him as a creature of Washington beholden to special interests. His role as a director of one of the banks that got taxpayer money during the 2008 financial crisis has drawn criticism because he voted in favor of the federal aid.’
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