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>At most 8 years, probably less. And then Yellen will go back to the private sector Yellen was in public positions from 1977-1980, 1994-1999, and 2004-2018. Sh

by smeyer 6y ago

>At most 8 years, probably less. And then Yellen will go back to the private sector Yellen was in public positions from 1977-1980, 1994-1999, and 2004-2018. She was a professor at Harvard from 1971-1976 and at UC Berkeley from 1980-1994. She's certainly made a lot of money from these sorts of speaking fees and there's criticism to be had, but she's spent far more time in academic or public positions than she has "in the private sector". I don't think she's the same case as, e.g., someone who was employed by an investment bank for a long time, takes a federal position for a year or two, then goes back to working in banking.

_qulr 6y ago
> I don't think she's the same case as, e.g., someone who was employed by an investment bank for a long time, takes a federal position for a year or two, then goes back to working in banking. True. Yellen clearly prefers public sector work. However, I think there's a false dichotomy being presented. There's no inherent conflict between working in the public sector and being corrupt. The list of corrupt politicians is endless. Why not do what you love and cash in? Best of both worlds, from the corrupt politician's perspective.