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Revolving door from Silicon Valley worth spinning

Jeffrey Goldfarb 

Jeffrey Goldfarb Many of the revolving doors between Washington and industries like banking could do with some fixing or slowing. One worth spinning more often is from Silicon Valley. Persistent concerns over conflicts of interest have prompted a fresh effort in Congress to crack down on financiers taking a turn in government. There has already been some reduction in the scope for regulatory capture under Barack Obama. The US President has appointed 56 people to oversee the same industry in which they worked - so-called reverse revolvers - compared to 64 for Bill Clinton and 91 for George W Bush, according ...

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First Published: Sun, September 13 2015. 21:22 IST