Revolving Door

Track how officials move between government positions and the private sector industries they regulate — and the conflicts of interest that follow.

Total Cases

22

Industry \u2192 Gov

0

Gov \u2192 Industry

0

Avg Conflict Score

81

Lloyd Austin

Gov → Industry2021

Conflict

95

From

Secretary of Defense

Department of Defense

\u2192

To

Raytheon Board Member (2016-2021)

Raytheon Technologies

Oversaw $145B defense budget with Raytheon as top contractor. Received $1.4M from Raytheon board seat before becoming SecDef.

Mark Esper

Gov → Industry2017

Conflict

92

From

Secretary of Defense

Department of Defense

\u2192

To

Raytheon VP for Government Relations

Raytheon

Raytheon's top lobbyist became Pentagon chief. Raytheon contracts increased 20% during tenure.

David Sacks

Gov → Industry2025

Conflict

92

From

AI & Crypto Czar

White House / OSTP

\u2192

To

Craft Ventures (449 companies)

Craft Ventures

Invested in 449 AI companies while serving as AI policy czar. Received financial conflict of interest waiver. Senate investigation launched.

Andrew Wheeler

Gov → Industry2018

Conflict

90

From

EPA Administrator

Environmental Protection Agency

\u2192

To

Former Murray Energy Lobbyist

Murray Energy / Faegre Drinker

Coal industry lobbyist became EPA chief. Rolled back Obama-era climate regulations. Murray Energy was top client.

Rex Tillerson

Gov → Industry2017

Conflict

90

From

Secretary of State

State Department

\u2192

To

ExxonMobil CEO

ExxonMobil

Oil CEO became top diplomat. Russia sanctions and climate policy directly affected Exxon. Received $180M severance from Exxon.

Ajit Pai

Gov → Industry2021

Conflict

88

From

FCC Chairman

Federal Communications Commission

\u2192

To

Searchlight Capital Partners (PE)

Searchlight Capital Partners

Repealed net neutrality, then went to PE firm investing in telecom. Also joined Verizon board.

David Bernhardt

Gov → Industry2019

Conflict

88

From

Interior Secretary

Department of Interior

\u2192

To

Former Oil & Gas Lobbyist

Brownstein Hyatt

Lobbied for oil companies, then oversaw federal lands and drilling permits. Expanded Arctic drilling.

Alex Azar

Gov → Industry2018

Conflict

87

From

HHS Secretary

HHS

\u2192

To

Former Eli Lilly President

Eli Lilly

Lilly's US president became HHS Secretary. Insulin prices increased under his tenure.

Scott Gottlieb

Gov → Industry2019

Conflict

85

From

FDA Commissioner

Food and Drug Administration

\u2192

To

Pfizer Board Member

Pfizer

FDA chief now sits on board of largest pharma company. Made $365K from Pfizer in 2023.

Steve Mnuchin

Gov → Industry2021

Conflict

85

From

Treasury Secretary

Treasury

\u2192

To

Liberty Strategic Capital

Liberty Strategic Capital

After overseeing pandemic relief and tax policy, launched PE firm. Saudi Arabia's PIF invested $1B in his fund.

Pam Bondi

Gov → Industry2025

Conflict

82

From

Attorney General

Department of Justice

\u2192

To

Former Ballard Partners Lobbyist

Ballard Partners

Registered lobbyist for Qatar, Amazon, Uber. Now AG. Sold Trump Media stock before tariff announcement. Ethical concerns about lobbying clients.

Jay Clayton

Gov → Industry2021

Conflict

82

From

SEC Chairman

SEC

\u2192

To

Sullivan & Cromwell / Apollo Global

Apollo Global Management

SEC chair who went easy on Wall Street, then joined PE giant Apollo. Also returned to Sullivan & Cromwell (Goldman Sachs's law firm).

Chris Wright

Gov → Industry2025

Conflict

80

From

Energy Secretary

Department of Energy

\u2192

To

Liberty Energy CEO

Liberty Energy

Fracking company CEO appointed Energy Secretary. Koch network donor. Liberty Energy stock in blind trust but still benefits from pro-fossil-fuel policy.

Wilbur Ross

Gov → Industry2017

Conflict

80

From

Commerce Secretary

Commerce

\u2192

To

WL Ross & Co (Invesco)

WL Ross & Co

Failed to fully divest from holdings. Maintained stake in company with ties to Putin ally. Ethics violations found by IG.

Howard Lutnick

Gov → Industry2025

Conflict

78

From

Commerce Secretary

Department of Commerce

\u2192

To

Cantor Fitzgerald CEO

Cantor Fitzgerald

Wall Street CEO overseeing trade policy affecting financial sector. Major Trump donor.

Elaine Chao

Gov → Industry2021

Conflict

78

From

Transportation Secretary

Department of Transportation

\u2192

To

Wells Fargo Board

Wells Fargo / Foremost Group

Inspector General found she used office to benefit family shipping business (Foremost Group). Ethics investigation.

Tom Wheeler

Gov → Industry2013

Conflict

75

From

FCC Chairman

Federal Communications Commission

\u2192

To

Former Cable Industry Lobbyist (NCTA)

NCTA / CTIA

Led cable and wireless industry lobbying groups, then regulated them as FCC Chair.

Mark Meadows

Gov → Industry2021

Conflict

75

From

White House Chief of Staff

White House

\u2192

To

Conservative Partnership Institute

Conservative Partnership Institute

Used government position to coordinate with outside groups. Under investigation for election interference. Now runs conservative advocacy group.

Linda McMahon

Gov → Industry2025

Conflict

72

From

Education Secretary

Department of Education

\u2192

To

Former WWE CEO / SBA Admin

WWE / America First Action

Donated $100M+ to Trump-aligned causes. Appointed twice. WWE received favorable regulatory treatment.

Robert Califf

Gov → Industry2022

Conflict

70

From

FDA Commissioner

FDA

\u2192

To

Former Duke Clinical Research / Pharma Consultant

Verily (Alphabet) / Duke

Extensive pharma industry consulting ties. Received payments from 7 pharma companies per disclosure.

Michael Barr

Gov → Industry2022

Conflict

65

From

Fed Vice Chair for Supervision

Federal Reserve

\u2192

To

Academic / Ripple Advisor

Ripple Labs

Advised crypto company Ripple, then oversaw crypto regulation at the Fed.

Gary Gensler

Gov → Industry2021

Conflict

55

From

SEC Chairman

SEC

\u2192

To

Former Goldman Sachs Partner

Goldman Sachs

Goldman partner became Wall Street's top regulator. Aggressive on crypto but critics noted light touch on traditional finance.