"As The Revolving Door Turns: Former Top U.S. General Cashes In With Defense Contractor"
Less than 6 months ago Gen. Richard B. Myers retired as chairman of the Joint Chiefs of Staff, the highest ranking military officer in the country. He’s quickly found alternative employment. From the Chicago Tribune’s The Swamp:
Northrop Grumman, one of the nation’s largest and best-known defense firms, announced Wednesday that Myers, an Air Force veteran and former fighter pilot, has joined its board of directors.
As one of 11 “non-employee” directors, Myers will earn $200,000 a year, according to a company spokesman. Half of that sum is paid to the company’s 12 directors in stock.
In exchange for his 200K, Myers will have to attend “eight scheduled board meetings this year, two of which are conducted by phone.
Billions of taxpayer dollars are wasted each year on unnecessary weapons systems. Meanwhile, the defense industry rewards top military brass for looking the other way.