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Monday, November 26, 2012

Where is the Money Going? - Retired Generals and Admirals Cash In with Lucrative Jobs with Defense Contractors


Vice Admiral David “Jack” Dorsett
Spending decades in the military for the nation’s top generals and admirals usually results in these officers cashing in their knowledge and experience—and connections—for high-paying positions with defense contractors.


About 70% of the three- and four-star generals and admirals who retired between 2009 and 2011 went on to join defense companies or became consultants, according to a new report from the Citizens for Responsibility and Ethics in Washington (CREW).

CREW also found that in some cases, the retired commanders were still advising the Department of Defense while on the payroll of defense contractors, raising questions of potential conflicts of interest... More>>