Interesting that Ford went right from being a congressman to a “vice Chairman” at Merril Lynch. No wonder Wall Street is going down the tubes.
http://www.memphisflyer.com/memphis/is-harold-ford-jr-a-merrill-lynch-bonus-baby/Content?oid=1439797
February 13, 2009
Is Harold Ford Jr. a Merrill Lynch Bonus Baby?
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http://www.opensecrets.org/politicians/contrib.php?cycle=2006&cid=N00003218&type=I&mem=
Top 20 Contributors to Campaign Cmte
Rank Contributor Total Indivs PACs
1 ActBlue $84,460 $84,460 $0
2 Goldman Sachs $80,497 $75,497 $5,000
3 Credit Suisse Group $66,970 $56,250 $10,720
4 Keeping America’s Promise $63,101 $62,101 $1,000
5 Ariel Capital Management $61,450 $61,450 $0
6 Bain Capital $51,800 $51,800 $0
7 Merrill Lynch $50,450 $47,450 $3,000
8 Morgan Stanley $43,650 $43,650 $0
9 UBS Americas $40,210 $40,210 $0
10 National Amusements Inc $39,750 $39,750 $0
11 Time Warner $39,249 $34,249 $5,000
12 Hbj Investments $38,900 $38,900 $0
13 Radio One $36,200 $36,200 $0
14 FedEx Corp $35,350 $25,350 $10,000
15 University of Tennessee $34,000 $34,000 $0
16 Bank of America $29,900 $20,900 $9,000
17 Patton Boggs LLP $29,800 $24,800 $5,000
18 First Tennessee Bank $28,850 $28,850 $0
19 JP Morgan Chase & Co $27,100 $26,100 $1,000
20 Bone, McAllester & Norton $26,800 $26,800 $0
Ford no doubt advises the board and management on legislative matters and what's happening in DC. When possible, he makes connections.
Ford would be a pretty good choice for Vice Chairman IMO.