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Whoever complains that the public sector doesn't pay as well as the private sector has just not been polishing the right shoes.
From Who’s Been Goosing Goldilocks?"On January 10, 2008, Andrew Sorkin reported in the New York Times:
Tony Blair to Join JPMorgan as Adviser
The former prime minister of Britain, Tony Blair, will join the banking giant JPMorgan Chase as a part - time adviser, the bank said.While the firm did not say how much it would pay Mr. Blair, one New York recruitment consultant told The Financial Times that it was likely to be more than $1 million a year.
Joining a finance company after political life is a familiar route for former prime ministers, as well as for politicians in the United States. John Major, Mr. Blair's predecessor, now works for a private equity firm, the Carlyle Group, as did former President George H.W. Bush.
At Citigroup, James D. Wolfensohn, the former World Bank president who was Mr. Blair's predecessor as special envoy to the Middle East, has a senior advisory role.
And Robert E. Rubin, the former Treasury secretary, serves as an influential Citigroup director and sounding board for its top executives...Mr. Blair's move also comes a month after Jonathan Powell, his former chief of staff, landed a full - time job with a JPMorgan rival, Morgan Stanley.
And later, on January 29, 2008, Philip Webster, in the TimesOnline reported:
Two jobs bring Blair's jackpot to £2.5m a year...plus millions from speeches
Tony Blair has taken a second big job with a leading financial player, attracted by the prospect of working on its climate - change initiative.The former Prime Minister has joined Zurich, the Swiss company, as an adviser. The appointment, thought to be worth at least £500,000 a year, comes less than three weeks after he took a similar role with J P Morgan Chase, one of the biggest investment banks on Wall Street. That was believed to be a package worth about £2 million a year...His spokesman said that there were no other positions in the offing.
The former Prime Minister is thought to have turned down approaches from HSBC and Citigroup."
