Bayh finds gold at the end of the Senate term

By Laurie Bennett

August 6, 2012 at 9:31am

Although we’ve written about Evan Bayh’s post-congressional career before, his many roles deserve another look in the wake of recent business filings.

Remember what Bayh had to say when he left the Senate? All those complaints about partisanship and big money ruining the legislative process?

Clearly, Bayh, an Indiana Democrat who is a former governor and the son of a former U.S. senator, believed the problem was with government, not with big money.

Evan Bayh
Evan Bayh

He has multiplied his income several times over since leaving the Senate in 2011.

In addition to a partnership at the lobbying and law firm McGuireWoods, an advisory role at the investment firm Apollo Global Management and a part-time commentator slot at Fox News, Bayh draws an income from four corporate board seats.

He’s a director of Marathon Petroleum, Fifth Third Bancorp and RLJ Lodging Trust, a publicly traded hotel company launched by Black Entertainment Television founder Robert L. Johnson.

His compensation from those three companies was nearly $360,000 last year, according to Securities and Exchange Commission filings. The total doesn’t include income from Berry Plastics, an Apollo Management investment, which Bayh joined in October 2011.

We should also point out that Fifth Third Bancorp was one of the beneficiaries of the federal bailout, which Bayh supported in the Senate.

Bayh’s wife, Susan, is also active in the corporate world, sitting on the boards of Curis, Wellpoint, Dendreon and Emmis Communications.

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