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Former, mayor of Chicago, Rahm Emanuel takes a political break to join a Wall Street investment bank.
Emanuel, 59, a former White House senior adviser to US President Bill Clinton, then a member of Congress and then chief of staff to President Barack Obama, will work for Centerview Partners on corporate mergers, according to Bloomberg.
Many prominent Democrats quickly criticized Emanuel for his decision. The young recruit, Alexandra Ocasio-Cortez, 29, was among them, writing in a tweet "All Democrats are not the same".
Matt Stoller, a member of the Open Markets Institute, has also been shown critical, saying that "Emanuel" would work to raise [drug prices]"despite the promises of opposite.
Emanuel became mayor in 2010 after leaving his position as chief of staff at the Obama White House. In 1998, Emanuel left the Clinton administration to join the investment bank Wasserstein Perella, even though he had no experience in finance or banking. He became general manager of the company's Chicago office in 1999, and information reported by Congress revealed that he had earned $ 16.2 million in less than three years.
As mayor, Emanuel has had to contend with controversy over the closure of some of his facilities, his strikes in the Chicago public school system and alleged incidents of police brutality. He notably fought against the publication of the video of the death of 17-year-old Laquan McDonald, who had been shot 16 times by a Chicago police officer, which led many to ask. his resignation from the office.
More recently, he became a contributing editor to the Atlantic. His most recent article, "It's time to hold US elites to account for their abuses," said the elites were not "defending" the middle class enough. Now he will negotiate agreements between the elites themselves.
Centerview Partners has a proven track record. In 2016, he was ranked at the forefront of consulting firms on Wall Street. Founded in 2006, she dealt with mergers and transactions between CVS and Aetna, as well as Disney and Fox.
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