Former Senate Majority Leader Tom Daschle (D-SD) joined InterMedia Advisors, a New York-based private equity firm, as a consultant and chairman of its executive advisory board just months after losing his 2004 reelection bid. Simultaneously, Daschle joined the law and lobbying firm Alston & Bird …
Tom DaschleInterMedia AdvisorsAlston & BirdLeo Hinderyrevolving-doorlobbyingcongressional-corruptionhealthcareprivate-equity
Former House Majority Leader Dick Gephardt (D-MO) founded Gephardt Group, a consulting and lobbying firm, immediately after his three-decade political career ended with the expiration of his 14th congressional term on January 3, 2005. Gephardt established the Atlanta-based firm with his children, …
Dick GephardtGephardt GroupDLA Piperrevolving-doorlobbyingcongressional-corruptiondemocratic-party
Pharmaceutical Research and Manufacturers of America (PhRMA) announced that former House Energy and Commerce Committee Chairman Billy Tauzin (R-LA) would become its president and CEO, effective January 2005. The announcement came shortly after Tauzin’s retirement from Congress, where from 2001 …
Billy TauzinPhRMAMedicarerevolving-doorregulatory-capturehealthcarelobbyingcongressional-corruption
Halliburton subsidiary KBR received 9.5 billion in Iraq War contracts, including a billion no-bid ‘Restore Iraqi Oil’ contract awarded March 8, 2003. Vice President Dick Cheney, Halliburton’s former CEO (1995-2000), maintained financial ties through 98,548 in deferred compensation …
Dick CheneyHalliburtonKBRBunnatine GreenhouseArmy Corps of Engineers+1 moreiraq-warno-bid-contractswar-profiteeringcheneyhalliburton+2 more
Oracle Corporation hired David W. Carney as Vice President of Information Assurance on September 4, 2001, just one week before the September 11 terrorist attacks, marking a significant deepening of Oracle’s relationship with the U.S. intelligence community. Carney retired after 32 years at the …
OracleDavid W. CarneyCIALarry Ellisonoracleciarevolving-doorintelligence-agenciesnational-security
President George W. Bush appointed James G. Roche as Secretary of the Air Force in 2001 despite—or perhaps because of—Roche’s 17-year career as a top executive at Northrop Grumman, one of the Air Force’s largest contractors, exemplifying the revolving door that enables defense industry …
James G. RocheNorthrop GrummanU.S. Air ForceDepartment of DefenseGeorge W. BushRevolving DoorMilitary-Industrial ComplexDefense ContractorsCorruptionConflicts of Interest+1 more
Robert Rubin joins Citigroup just four months after leaving his position as Treasury Secretary, shortly after the November 1999 passage of the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Rubin’s move to Citigroup - the principal beneficiary of Glass-Steagall repeal - represents one of …
Robert RubinCitigroupSandy WeillGoldman SachsTreasury Departmentrevolving-doorcitigroupglass-steagallcorruptionregulatory-capture+2 more
The U.S. Senate confirms Lawrence Summers as the 71st Secretary of the Treasury, replacing Robert Rubin and continuing the aggressive deregulation agenda. Summers had spent the previous year as Deputy Secretary orchestrating opposition to derivatives regulation, including making an “irate …
Lawrence SummersBill ClintonRobert RubinU.S. SenateWall Street Derivatives Dealerstreasuryderivativesderegulationrevolving-doorfinancial-crisis+2 more
The FDA approved Purdue Pharma’s OxyContin application, including a scientifically unsubstantiated claim that delayed absorption ‘is believed to reduce the abuse liability of a drug.’ This approval occurred without clinical trials to prove the safety claim and marked the beginning …
FDAPurdue PharmaDr. Curtis WrightSackler Familyregulatory-capturefdapharmaceuticalsopioid-crisisrevolving-door+1 more
Robert E. Rubin was sworn in as the 70th Secretary of the Treasury, bringing Wall Street directly into the highest levels of economic policymaking. Rubin had spent 26 years at Goldman Sachs, rising to co-chairman from 1990-1992, before joining the Clinton administration as director of the National …
Robert RubinBill ClintonGoldman Sachsrevolving-doorgoldman-sachstreasuryfinancial-deregulationregulatory-capture
On her final day as Chair of the Commodity Futures Trading Commission, Wendy Gramm approves a regulatory exemption allowing Enron to trade energy derivatives without CFTC oversight. The exemption, granted on January 14, 1993 (some sources cite January 21, the final day of the George H.W. Bush …
Wendy GrammPhil GrammEnron CorporationCFTC Commodity Futures Trading CommissionKenneth Layderivativescorruptionrevolving-doorenronenergy-trading+3 more
Former Defense Secretary Clark Clifford and his partner Robert Altman are retained as BCCI’s primary US legal counsel, introduced through Bert Lance, former OMB Director. Clifford’s prestigious reputation as advisor to five presidents provides BCCI with essential American political …
Clark CliffordRobert AltmanBert LanceAgha Hasan AbediBCCI US operationsclark-cliffordrobert-altmanbert-lanceus-legal-counselpolitical-legitimacy+1 more