Skip to comments.The Afterlife of Politicians and Other Bottom Feeders
Posted on 08/15/2004 5:29:21 PM PDT by Che Chihuahua
Politicians On Board
by Virginia Citrano, 08.11.04, 2:55 PM ET
NEW YORK - Memo to John Kerry: If your plans for November don't work out, you might want to give Sam Nunn a call.
The famed former senator from Georgia has made a second career for himself sitting on the boards of leading U.S. companies. According to data compiled by BoardEx, Nunn now serves on the boards of ChevronTexaco (nyse: CVX - news - people ), Dell (nasdaq: DELL - news - people ), General Electric (nyse: GE - news - people ) and, in a nod to his Georgia roots, Coca-Cola (nyse: KO - news - people ) and Scientific-Atlanta (nyse: SFA - news - people ).
Nunn is hardly the only former Washington insider now gracing corporate boardrooms: Based on data supplied by BoardEx, trade guru Carla Hills also sits on ChevronTexaco's board; she and former U.S. Secretary of Defense William Cohen are on the American International Group (nyse: AIG - news - people ) board. Clinton confidant Vernon Jordan and former U.S. Trade Representative Charlene Barshefsky serve American Express (nyse: AXP - news - people ).
But Washington experience isn't a prerequisite for politicians seeking board seats: Former Mexican President Ernesto Zedillo now sits on four S&P 500 company boards, while onetime Canadian Prime Minister Brian Mulroney sits on two. (Full disclosure: Mulroney is also chairman of Forbes Global, and Zedillo is a regular Forbes columnist.)
And it's not all a one-way street. Dr. Louis W. Sullivan was president of the Morehouse School of Medicine before serving as secretary of Health and Human Services to President George H.W. Bush from 1989 to 1993. Sullivan now sits on five S&P 500 boards (see: "Overworked Directors 2004").
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Shhesh! Not another James E. McGreevey thread!