On edit: really long article at link, please read there, the comments are good too...
In large numbers, and with few rules, retiring generals are taking lucrative defense-firm jobs
by Bryan Bender
WASHINGTON - An hour after the official ceremony marking the end of his 35-year career in the Air Force, General Gregory "Speedy'' Martin returned to his quarters to swap his dress uniform for golf attire. He was ready for his first tee time as a retired four-star general. But almost as soon as he closed the door that day in 2005 his phone rang. It was an executive at Northrop Grumman, asking if he was interested in working for the manufacturer of the B-2 stealth bomber as a paid consultant. A few weeks later, Martin received another call. This time it was the Pentagon, asking him to join a top-secret Air Force panel studying the future of stealth aircraft technology.
Martin was understandably in demand, having been the general in charge of all Air Force weapons programs, including the B-2, for the previous four years. He said yes to both offers.
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From 2004 through 2008, 80 percent of retiring three- and four-star officers went to work as consultants or defense executives, according to the Globe analysis. That compares with less than 50 percent who followed that path a decade earlier, from 1994 to 1998.
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Among the Globe findings:
■ Dozens of retired generals employed by defense firms maintain Pentagon advisory roles, giving them unparalleled levels of influence and access to inside information on Department of Defense procurement plans.
■ The generals are, in many cases, recruited for private sector roles well before they retire, raising questions about their independence and judgment while still in uniform. The Pentagon is aware and even supports this practice.
■ The feeder system from some commands to certain defense firms is so powerful that successive generations of commanders have been hired by the same firms or into the same field. For example, the last seven generals and admirals who worked as Department of Defense gatekeepers for international arms sales are now helping military contractors sell weapons and defense technology overseas.
■ When a general-turned-businessman arrives at the Pentagon, he is often treated with extraordinary deference - as if still in uniform - which can greatly increase his effectiveness as a rainmaker for industry. The military even has name for it - the "bobblehead effect.''
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Retired Army General Wesley K. Clark, who now works as a lobbyist and investment banker for companies seeking alternative energy contracts, believes the growing hunger among private equity firms and Wall Street investors to enlist retired generals is a consequence of a broader phenomenon: the increasing importance of the military to America's industrial base.
"It is the militarization of the economy,'' Clark said in a recent interview.
http://www.commondreams.org/headline/2010/12/26
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