'Revolving Door Keeps Spinning': Former FCC Head Genachowski Hired By Carlyle Group
Published on Tuesday, January 7, 2014 by Common Dreams
'Revolving Door Keeps Spinning': Former FCC Head Hired By Carlyle Group
'Julius Genachowski isn't the first FCC chairman to take this path. I wish I could say he would be the last'
- Sarah Lazare, staff writer
Julius Genachowski (Photo: Bloomberg)In the words of Free Press President and CEO Craig Aaron, "The revolving door never seems to stop spinning at the Federal Communications Commission."
Just half a year after resigning his 4-year post as chairman of the FCC, Julius Genachowski has joined the famously shadowy private equity firm Carlyle Group, known by some as the "ex-presidents' club."
Genachowski will "focus on investments in global technology, media and telecom, including Internet and mobile," reads a Carlyle Group statement released Monday announcing Genachowski's position.
Critics expressed dismay that the road from government to private industry is being trod once again.
"It's too bad that so many treat their years of public service as just a stepping stone to a bigger paycheck," Aaron told Common Dreams. "Julius Genachowski isn't the first FCC chairman to take this path. I wish I could say he would be the last."
Genachowski, 51, is a former college and lawschool classmate of President Barack Obama and was groomed by the president for his powerful position at the head of the FCC.
Critics charge that, despite promises to steer the FCC in a different direction from the George W. Bush administration, Genachowski did not adequately stand up to corporate power and abuse of consumers, oversaw a rise in broadband prices, and fell short of pursuing strong protections for net neutrality.
http://www.commondreams.org/headline/2014/01/07-8
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a dose of.
WHY do these same Sycophants keep getting HIGH POWER JOBS in DC!
Do you REALLY BELIEVE....that these folks WORK FOR THE PEOPLE?
