Whoop... There It Is... 'K Street Headhunters Enamored With Upcoming Class Of Retiring Lawmakers'
K Street headhunters enamored with upcoming class of retiring lawmakers
By Kevin Bogardus - TheHill
01/19/12 05:30 AM ET
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Corporate headhunters are sizing up the K Street prospects of the retiring members of the 112th Congress — and they like what they see. Twenty-five representatives and senators so far have announced they will retire from Capitol Hill after this year’s election. Executives who work to place ex-lawmakers at law firms, lobby shops and corporate boards are monitoring the outgoing lawmakers and discussing who could go where — and how much they would earn.
“We are doing a mock draft with some of our clients,” Ivan Adler, a principal with the McCormick Group, told The Hill.
The retiring class includes lawmakers who are known for their bipartisan ties, and others who have spent decades on Capitol Hill accruing seniority on powerful committees.
That mix of attributes has many on K Street licking their chops.
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Former senators could expect to earn somewhere between $800,000 and $1.5 million in annual salary next year at lobby firms, while ex-House members could earn between $300,000 and $600,000, headhunters estimated. They predicted ex-Republican lawmakers would draw bigger salaries than retiring Democrats.
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More:
http://thehill.com/business-a-lobbying/205017-k-street-headhunters-enamored-with-class-of-retiring-lawmakers
:evifrown:
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Any sign of Proud Patriot here on DU3??
