Bill's career path

[Wojtek Sokolowski]

At 07:16 PM 1/5/00 -0500, Doug Henwood wrote:
>[From Sam Smith's Progressive Review. Sounds implausible, but who 
>fact-checks gossip anyway?]
>
>BLOOMBERG NEWS: President Bill Clinton will join the New York investment
>firm Lazard Freres following the end of his presidency in January 2001,
>Washingtonian Magazine reported, citing unnamed sources. Clinton would be
>paid a salary of $8 million with $2 million in possible bonuses and he'd
>join his friend Vernon Jordan who became senior managing director at Lazard
>Freres in January and may have helped arrange a post for Clinton, the
>magazine said.

Implausibe?  It may or may not be true but it s certainly plausible.  What
do you think happens to all those schmucks after their terms in office
expire?  They got recycled in shadowy business firms, think tanks or
academic institutions.  It is their payoff time for the their faithful
service to their business owners during their tenures.

Eastern Europeans even had a term for that: 'nomenklatura' - the same list
of names being recycled over and over again.  

wojtek