Over 80 percent of four-star retirees are employed in defense industry

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The findings underscore a close relationship between the U.S. defense sector and its top military brass, a trend that has drawn scrutiny in Congress.

More than 80 percent of four-star officers retiring from the U.S. armed forces go on to work in the defense industry, a new study has found, underscoring the close relationship between top U.S. brass and government-contracted companies that has drawn scrutiny on Capitol Hill.

The Quincy Institute found that patterns of post-government employment for four-star officers have evolved over time, in that retirees are often now employed with start-ups or companies that finance arms manufacturers in addition to traditional large defense contractors.Former four-stars cited in the report include Gen. Joseph F. Dunford Jr., who became a Lockheed Martin board member after stepping down as chairman of the Joint Chiefs of Staff, and Gen.

The report’s authors make their own recommendations, including a full ban on former four-stars’ employment with companies that receive $1 billion a year or more in Pentagon contracts; the expansion of required disclosures by companies that hire former officials; and expanding the definition of what activities qualify as lobbying.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in BUSİNESS

Business Business Latest News, Business Business Headlines