Chris Hughes, former Obama campaign staffer and EventheLiberal TNR‘s new owner, sends Noam Schreiber to report “Get Rich or Deny Trying (Where Obama Staff Veterans Are Working In 2013”:
… Welcome to the buckraking phase of the Obama era. If the campaign was about hope, and the early presidency was about change, increasingly the administration has settled into a kind of normalcy in which it accommodates itself to Washington far more than Washington accommodates itself to Obama. That’s not necessarily a bad thing when the result is a bipartisan schmooze-fest at the Jefferson Hotel. But when it comes to the D.C. custom of trading a White House security clearance for a private-sector sinecure, there’s a lot to be said for not going native so easily.
Within Obamaworld, there are a few unwritten rules about how to parlay one’s experience into a handsome payday. There is, for example, a loose taboo against joining a K Street lobbying shop and explicitly trading on administration connections. And while joining a consulting firm is acceptable, those who do are reluctant to work for clients reviled by liberals: gun makers, tobacco companies, Big Oil, union busters. Above all, there is a simple prohibition against excessive tackiness. “It’s like: Don’t embarrass yourself. You were part of something special,” says a longtime Obama adviser. “I think if [Obama] were to send an all-staff e-mail, it would be along the lines of Ron Burgundy—‘Stay classy, San Diego.’ ”
Alas, not everyone chooses to obey these norms. Take Robert Wolf, a former U.S. chairman of the investment bank UBS and an early Obama fund-raiser, who has served as an all-purpose (and highly visible) “first buddy” throughout the presidency. Last year, Wolf dreamed up the idea for a firm called 32 Advisors, which would instruct clients here and abroad on a variety of business transactions, such as how to secure U.S. government financing for export deals.
The firm opened its doors in February after signing up several prominent Obama alumni, including former White House economic adviser Austan Goolsbee, who will provide “economic intelligence” as a “strategic partner,” and Kevin Varney, the former chief of staff of the government’s export-import bank (the very same agency clients will hit up for loans).1 Wolf hopes to keep the roster of companies he works with small and the interactions intimate. “We’re very exclusive,” he says. “The clients want to be serviced.” Goolsbee, for example, hosts a weekly conference call with roughly a dozen hedge funds and private-equity firms to opine on the topic of the day. He occasionally dines with one of the fund managers…
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