In all the mockery of Harold Ford, it’s easy to lose sight of this question: what the hell is Bank of America paying Harold Ford a million dollars for? He can’t even be working full time, not with his regular “Morning Joe” gig. He doesn’t seem all that smart or capable.
It’s true that lots of people make a million dollars a year at big banks. And I don’t know exactly what most of them do. I have one friend who makes about that much at a bank, but he’s been there for ten years, headed up two hugely successful large-scale projects, worked 90-hour weeks for a few years, had 200 people working under him, and so on (not that any of this justifies the salary in a sane world). I don’t know how typical that is — maybe most of the people making seven figures at banks don’t really do anything and have never done much of anything.
I’m left with the impression that Harold Ford is being paid for future services rendered, that he is being bribed to do the bank’s bidding should he ever become Senator or head of the DNC (remember, Carville was pushing him for that long ago) or something of that nature. I can’t see any other explanation.