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Michael
+ Your AuthorsArchive @michaeltefula draft thoughts on finance, tech, climate, (+ wherever else the mind wanders.) team @my_tickr | volunteer @diversityvc | views my own Apr. 11, 2021 1 min read

Here’s how the UK political leadership class of 2010 shamelessly cashed in on their political careers. Starting with Nick Clegg, George Osborne, then David Cameron.👇🏾 [mini thread)

 https://www.thetimes.co.uk/article/ad1aa836-994b-11eb-a188-d47488c09cc7?shareToken=67e44da0898c5630d3ce8ea0e39d725b 

Deputy Prime Minister Nick Clegg became a PR man for Facebook. Even though was critical of the firm in the past, “the salary of over £1 million per year must have helped concentrate the mind,” - GQ  https://www.gq-magazine.co.uk/article/nick-clegg-facebook 

Chancellor of the Exchequer, George Osborn probably profited the most from his political career. He went on to simultaneously hold 9 jobs at one point, with one role paying £650,000 a year for working 1 day a week. He’s now a full-time investment banker.  https://www.theguardian.com/business/2018/dec/14/nine-jobs-george-osborne-adds-new-role-at-venture-capital-firm?CMP=Share_iOSApp_Other 

Finally the ex Prime Minster David Cameron took a job with Greensill Capital & stood to make a reported £60m before the firm collapsed. We now know he lobbied the current government extensively, hoping to win favours and government contracts for Greensill.  https://www.ft.com/content/c61c9f16-0bf6-4871-b238-9835a2581bd2 


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