Now Why Would a GOP ex-Congressional Aid Warrant a $2 Million Severance Pay from a Lobbyist?
Hmmm... good question. And why isn't his former boss, CA GOP Reprehensible Jerry Lewis being required to fess up? He's got to know.
From WaPo:
You've probably never heard of Jeffrey S. Shockey. So, for simplicity's sake, think of him as the Two Million Dollar Man.
The 40-year-old congressional staffer last year collected nearly $2 million in severance payments from his former employer, a lobbying firm that specializes in winning benefits from the committee he now serves. Many longtime Washingtonians are shaking their heads in disbelief over the payout's enormous size, its ad hoc method of calculation and the fact that Shockey received it while working as a senior congressional aide.
It was another banner year for the Washington area's highest-paid executives. The median total compensation for the 100 highest-paid executives at local public companies rose 21.2 percent in 2005, to $6.4 million. Bonuses climbed nearly 14 percent, the value of the typical stock option grant went up by more than 25 percent, and other forms of long-term compensation leapt by a third.
No wonder Americans hate the nation's capital. Federal employees are prohibited from supplementing their incomes with money from private sources, especially from lobbyists who have business before the government. Shockey says his payment was justified and within the rules. But experienced lobbyists around town question both its economics and its propriety.
The situation is an example of a common occurrence -- the spinning of the "revolving door" between the public and private sectors. Shockey is deputy chief of staff of the powerful House Appropriations Committee. Before that he was a partner for five years in a lobbying firm that made its living extracting goodies from the same committee. And before that he worked for Rep. Jerry Lewis (R-Calif.), who was then a member of the committee and is now its chairman.








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