The rewarding post-election career of Dick Gephardt

By Laurie Bennett

March 6, 2014 at 10:20am

A decade ago, Dick Gephardt was one of the least affluent members of Congress.

In 2004, his final year in the House, he filed a financial disclosure form reporting a negative net worth.

Since leaving public office, he has built a multimillion-dollar annual income as one of Washington’s premier lobbyists.

Forty-two former members of Congress sit on Fortune 500 boards. But only one - Gephardt - sits on four.

A two-time presidential candidate, he is a director of Ford Motor, US Steel, Centene and CenturyLink.

Dick Gephardt
Dick Gephardt

The former House majority leader’s ties to America’s biggest public companies don’t end there.

His lobby firm, Gephardt Group, represents nine Fortune 500 companies. The firm booked nearly $1.7 million in lobby fees from those clients last year. Its total haul for lobbying work was almost $4.8 million.

Gephardt also serves as an adviser to Goldman Sachs, a client of Gephardt Group.

Last year he personally collected $1.2 million in compensation for his Fortune 500 board activities. His stock holdings in those companies are worth more than $5.6 million.

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  • #1.   Eldon Renaud 05.29.2016

    Funny, your comments about Dick Gephardt are wrong and misdirected. Richard Gephardt was an extremely effective and powerful Minority Leader. I have know and watched his entire career. I am proud of the way he served the Second Congressional District in St. Louis.

    If he became wealthy from serving on Corporate Boards and lobbying, once again, typical intelligent, loyal to his employer as he was to taxpayers in his district.

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