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TexasTowelie

(116,496 posts)
Mon Aug 15, 2016, 05:17 AM Aug 2016

Evan Bayh's private sector work raises questions

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.

Now, Bayh is mounting a return bid for the Senate seat he left more than five years ago. His surprise decision to enter the race last month could determine which party controls the Senate next year. It also has brought new scrutiny to his actions in Congress, especially on issues of importance to what would become his employers.

Read more: http://www.indystar.com/story/news/politics/2016/08/13/evan-bayhs-private-sector-work-raises-questions/88582174/

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