Friday, May 29, 2015
JEB! earned millions in juggling act as corporate adviser
(CBS News) - During
his transition from Florida governor to likely presidential
candidate, Jeb Bush served on the boards of or as an adviser to at
least 15 companies and nonprofits, a dizzying array of corporate
connections that earned him millions of dollars and occasional
headaches. Bush
returned to corporate America after leaving the governor's mansion in
early 2007, and his industry portfolio expanded steadily until he
began shedding ties late last year to prepare a run for president. Executives
who worked alongside Bush describe him as an engaged adviser with an
eye for detail. Yet
experts question how anyone could serve so many boards at once
effectively. "Board
of directors and advisory boards are in charge of high-level
oversight," said law professor Elizabeth Nowicki, a former
Securities and Exchange Commission lawyer. "You cannot possibly
do that simultaneously for 10 or 15 entities." Read more.
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