Some of the jobs in the mix include positions that opened up just this week, including at the American Gaming Association and the Securities Industry and Financial Markets Association (SIFMA). Other major jobs include the top spots at the American Hotel & Lodging Association, the American Wind Energy Association and the Fertilizer Institute.(from thehill.com)
There is plenty of talent for the groups to choose from. More than 80 House members and senators were defeated in their election bids or retired last Congress, and many of them are eager to continue their careers in Washington.
“Given the number of members of Congress retiring this year, there's a great deal of interest on their part in these association roles and wanting to stay in Washington,” said Nels Olson of Korn/Ferry International.
Korn/Ferry is an executive search firm and is looking for candidates for the American Gaming Association and the American Hotel & Lodging Association, among others.
Other trade groups’ pay packages for their chief executives aren’t as hefty, but are still substantial.
As head of the wind energy group, Denise Bode took in close to $550,000 in compensation for 2010. Joe McInerney, whose contract is up in September for the hotel industry trade group, earned more than $440,000 in compensation for 2010. Ford West, who is leaving the Fertilizer Institute at the end of 2013, earned more than $400,000 in compensation for 2010.
Working for any of the trade groups would be a big pay hike for ex-lawmakers. House members and senators earned $174,000 in annual salary last year.
The American Gaming Association job is expected to attract intense interest from ex-members. The chance to be the casinos’ point person in Washington and make regular trips to Las Vegas could be a major selling point.
“You get to do the Vegas thing. That's cool,” said Ivan Adler, a principal at the McCormick Group. “Casinos are sexy. That's the ‘it’ job in Washington at the moment. The Strip is a lot better place to hang out than on Wall Street.”
BigGov Takes Care Of Its Own
We all pay to grease the corrupt Ruling Class revolving door