SMRs and AMRs

Sunday, February 22, 2009

Working for a criminal enterprise can damage your future job prospects

Jobs Still Elude Some Bush Ex-Officials

By JOANN S. LUBLIN
Wall Street Journal

The jobless rate is hanging high -- for many of the roughly 3,000 political appointees who served President George W. Bush. Finding work has proved a far tougher task than those appointees expected.

"This is not a great time for anyone to be job hunting, including numerous former political appointees," said Carlos M. Gutierrez, Mr. Bush's commerce secretary. Previously chief executive of cereal maker Kellogg Co., he hopes to run a company again because "I have a lot of energy."

Only 25% to 30% of ex-Bush officials seeking full-time jobs have succeeded, estimated Eric Vautour, a Washington recruiter at Russell Reynolds Associates Inc. That "is much, much worse" than when Ronald Reagan, George H.W. Bush and Bill Clinton left the White House, he said. At least half those presidents' senior staffers landed employment within a month after the administration ended, Mr. Vautour recalled.

A handful of Bush cabinet officers have accepted academic appointments. Former Treasury Secretary Henry Paulson joined Johns Hopkins University's Paul H. Nitze School of Advanced International Studies as a fellow. Condoleezza Rice, previously secretary of state, resumed her Stanford University roles as a political-science professor and senior fellow at its Hoover Institution think tank.

J. Michael McConnell, the ex-director of national intelligence, also rejoined a prior employer. He resumed work this week as a senior vice president of Booz Allen Hamilton, the title he held when he left the management consultancy to become U.S. spy chief. Last week, Fidelity Investments named Anthony Ryan, a former acting Treasury undersecretary, to head its asset-management strategy.

(More here.)

0 Comments:

Post a Comment

<< Home