“With last week’s announcement that he has joined JPMorgan Chase as a senior adviser to CEO Jamie Dimon, retired US Army Gen. Ray Odierno became the latest high-ranking officer to find a second career on Wall Street.
Odierno joined fellow four-stars Gen. David Petraeus, who became chairman of Kohlberg Kravis Roberts & Co.’s KKR Global Institute, and Gen. Wesley Clark, who became a deal adviser for the Blackstone Group’s energy sector, in working for financial firms after retiring from the military.
Loren Thompson, a defense-industry consultant and analyst with the Lexington Institute, said the most visible, highest-ranking generals typically are in the greatest demand in the private sector.
“The appeal of retired general officers in the financial community comes down to three things: first of all, broad experience because of their frequent career rotations; discipline, which enables them to be organized and more focused than…
View original post 550 more words