Ka-Ching, Continued
The Washington Post reports on Larry Summers and John Snow joining hedge funds on the same day.
Lori Montgomery writes:
Two former U.S. Treasury secretaries -- John W. Snow and Lawrence H. Summers -- have accepted positions with two of the nation's largest hedge funds at a time when federal officials are growing increasingly concerned about the impact of the private investment pools on U.S. financial markets.
She adds,
Summers said he has made it clear to the fund that he will do no lobbying.
Michael Feiner, a management professor and ethics fellow at Columbia Graduate School of Business, said: "There's lobbying and then there's lobbying."While influencing Washington may not be the chief reason Snow and Summers were hired, Feiner said, "it is inconceivable that either of these guys wouldn't pick up a call and try to head off the slowly burgeoning movement to get a better handle on these folks."
So...as far as Harvard goes, is this good, bad or irrelevant?
