K Street is buzzing about candidates to take the helm of the
Financial Services Roundtable, a prestigious and coveted position that
could pay upwards of $1.8 million per year.
The rumor mill has been churning with the names of former senators and House members who might be in the running to replace former Rep. Steve Bartlett (R-Texas), who is leaving as the group’s president and CEO after a 12-year tenure.
The job brings the cachet of being Wall Street’s voice in the capital, along with a sizable paycheck — Bartlett earned more than $1.8 million in total compensation in 2010, according to the group’s tax records.
It also brings its share of challenges, as the CEO must try to build consensus among the Roundtable’s membership, which includes large banks and insurance companies that don’t always see eye to eye on legislation or policy.
The trade group was a major player during the debate over the Dodd-Frank law, which created a new regulatory framework for the financial-services sector after the 2008 economic crisis.
“It may be the highest-profile job open this year, given the squabbles between the administration and the financial-services community,” said Chris Jones, who does corporate headhunting for the influence industry as managing partner of CapitolWorks.
The trade group announced six months ago that Bartlett would leave by the end of the year, and has been conducting a search process since then.
Read more: http://thehill.com/business-a-lobbying/250259-k-street-abuzz-over-who-will-get-the-18-million-roundtable-job
The rumor mill has been churning with the names of former senators and House members who might be in the running to replace former Rep. Steve Bartlett (R-Texas), who is leaving as the group’s president and CEO after a 12-year tenure.
The job brings the cachet of being Wall Street’s voice in the capital, along with a sizable paycheck — Bartlett earned more than $1.8 million in total compensation in 2010, according to the group’s tax records.
It also brings its share of challenges, as the CEO must try to build consensus among the Roundtable’s membership, which includes large banks and insurance companies that don’t always see eye to eye on legislation or policy.
The trade group was a major player during the debate over the Dodd-Frank law, which created a new regulatory framework for the financial-services sector after the 2008 economic crisis.
“It may be the highest-profile job open this year, given the squabbles between the administration and the financial-services community,” said Chris Jones, who does corporate headhunting for the influence industry as managing partner of CapitolWorks.
The trade group announced six months ago that Bartlett would leave by the end of the year, and has been conducting a search process since then.
Read more: http://thehill.com/business-a-lobbying/250259-k-street-abuzz-over-who-will-get-the-18-million-roundtable-job
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