After the campaign, a seat in the board room

By Laurie Bennett

February 10, 2012 at 11:52am

As we noted Thursday, Jon Huntsman Jr. has a new gig as a director of Ford Motor Company.

We can’t help but wonder if he’s trying to find income streams to pay off his father, who donated nearly $1.9 million to his super PAC.

According to Ford’s most recent proxy statement, average compensation for directors in 2010 was about $262,000. Just a few more board seats to go, and Huntsman should have a down payment.

Jon M. Huntsman Jr.
Jon Huntsman Jr.

It’s not at all unusual for failed presidential candidates to be invited onto Fortune 1000 boards.

Former House Majority Leader Dick Gephardt, who ran for president in 1988 and 2004, is a director of five Fortune 1000 companies, including Ford. The others are Centene, CenturyLink, Goldman Sachs Group and United States Steel.

Bob Kerrey, a former U.S. senator and Nebraska governor who sought the Democratic presidential nomination in 1992, sits on three Fortune 1000 boards. He’s a director of Genworth Financial, Jones Apparel Group and Tenet Healthcare.

Al Gore, who ran unsuccessfully in 2000, is a director of Apple and special adviser to Google.

Tommy G. Thompson, who briefly sought the Republican nod in 2008 after serving as governor of Wisconsin and HHS secretary, is a director of C.R. Bard and Centene.

Former Virginia Gov. Jim Gilmore, who also sought the GOP nomination in 2008, is on the board of CACI International.

Former Sen. Bill Bradley, who ran in 2000, is a director of Starbucks.

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