October 13, 2005

WHICH OF THE TWO AMERICAS WOULD THIS ONE BE?:

John Edwards Hits the Street (Emily Thornton, 10/13/2005, BusinessWeek Online)

The 2004 Democratic candidate for Vice-President joins Fortress Investment Group, where he will serve as a part-time global dealmaker.

Wall Street has long provided a soft landing for out-of-work pols. But increasingly, the revolving door leads to private investment firms. The Street's latest recruit: John Edwards, the ex-North Carolina senator and Vice-Presidential standard bearer for the Democratic Party in the 2004 elections.

BusinessWeek has learned that Edwards has signed up to work for the New York-based private investment concern Fortress Investment Group as a part-time senior advisor. As such, he will be "providing support in developing investment opportunities worldwide and strategic advice on global economic issues," says Edwards spokesperson Kim Rubey. Fortress declined to comment about hiring Edwards, who teamed up with Massachusetts Senator John Kerry in a losing bid against President George Bush and Vice-President Dick Cheney last year.

If ya can't beat 'em . . . .

Posted by John Resnick at October 13, 2005 6:22 PM
Comments

Talk about welfare for the rich.

Posted by: Luciferous at October 13, 2005 7:45 PM

What's he going to do -- threaten to sue companies if they won't accept a buyout offer?

Posted by: John at October 13, 2005 9:58 PM

These no-show sinecures are basically unregulated campaign donations.

Posted by: David Cohen at October 13, 2005 10:11 PM

One of the board members should ask Edwards who the president of Uzbekistan is.

Posted by: jim hamlen at October 13, 2005 10:54 PM

"part-time global dealmaker"

I've got some spare time. Where do you go to apply?

Posted by: jdkelly at October 14, 2005 9:39 AM
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