Re: Conflict of Interest
You're right, they are entitled to private sector jobs, but I understand the outrage. The high ranking officials are given all the inside scoop on the tools and initiatives, not to mention their long term plans. That information, human capital, is essentially handed over to the private sector when they switch jobs..It undermines a lot of the regulators' work, no?
For perspective, switch up the scenario: If a top executive at Coca Cola, privy to all the compan'ys new product rollouts and marketing strategies, switched over to Pepsi with two weeks notice, don't you think the shareholders would be going crazy?
I'm not so sure exactly two years is sufficient to ease the concerns of this "turncoat" behavior but it might be enough to ensure the people are not completely abrest of the regulators next moves. That way they're hired for their industry experience, not their up to date insider scoop.