Evan Bayh's board seats made him millions after Senate
Aug 17, 2016
He broke with most Democrats on bills that threatened private equity firms, banks and oil companies. Then he went to work for them.
During his final months in the U.S. Senate, Evan Bayh broke ranks with most of his fellow Democrats several times to oppose or reduce the impact of legislative proposals that threatened the bottom lines of private equity firms, banks and oil companies.
But that wouldn’t be Bayh’s last interaction with those industries.
Within weeks of leaving public office, Bayh became a senior adviser to Apollo Global Management, one of the world’s largest private equity firms. Several months later, he landed lucrative corporate board appointments at Fifth Third Bank and Marathon Petroleum.
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