Senator Warren Probes Pentagon Program to Hire Highly Paid Wall Street Recruits
Senator Elizabeth Warren (D-MA) has raised concerns about the Pentagon's 'Business Operators for National Defense' (BOND) program, which aims to recruit private sector professionals, including Wall Street bankers, with salaries exceeding $400,000. In a letter to Deputy Defense Secretary Stephen Feinberg and Office of Strategic Capital Director David Lorch, Warren warned of significant conflict of interest and revolving door risks. She highlighted reports that a headhunting firm dangled access to high-level officials and fundraising channels to attract recruits. The program is part of a broader Trump administration effort to blend private sector talent with government operations, including taking equity stakes in companies. Warren requested detailed information on participants, ethics rules, and budget allocations for the program, which has requested $88 million. The Pentagon did not immediately comment.
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