Old Soldiers Never Cash Out
For all the stars of ranking generals and admirals in Washington, it turns out there’s still a higher grade — “senior mentor.” These are retired brass enjoying lucrative compensation as part-time Pentagon advisers, who, in most cases, also draw V.I.P. pay from companies seeking defense contracts. The mentor cohort has quietly grown in recent years from a handful to at least 158 ranking retired officers — 80 percent of whom hire on at the same time with defense contractors.
There is nothing illegal about the double-dipping. But few people in Congress or elsewhere knew about it until now because there is no requirement to tell anyone, even the Pentagon. As Pentagon advisers, mentors are paid hundreds of dollars an hour for offering counsel to former colleagues on war games and other specialties. As defense contract consultants, they can make considerably more. It’s time to closely manage the retirees’ good deal, documented in a report by USA Today.
USA Today report: Retired military officers cash in as well-paid consultants
http://www.usatoday.com/news/military/2009-11-17-military-mentors_N.htmhttp://www.nytimes.com/2009/11/23/opinion/23mon4.html?adxnnl=1&ref=opinion&adxnnlx=1258974104-LvQJ1mvOJEMx9N+rp6UVagWhat are they up to in other areas???