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by swinnipeg 2158 days ago
This is what Ralph Nader would call a "deferred bribe".
2 comments

it seems more likely the original bribe/shady business failed, and now they've hired him for his internal connections to help with future shady deals
Can you please explain this comment?
It means he was bribed (the new job) to help with a transaction (sell .org), but to not raise suspicion the bribe delivery was scheduled for a later date.
Ok but he wasn’t able to sell .org, so why did he still get the job?
Because I bet this isn't shelved for long, just long enough for the public to forget.
Not to mention, unexpected hurdles (the pesky public) got in the way.

He did his part, and should be compensated... at least, that could be the logic.

It tells the next guy they will try to bribe that they follow through on their promises.
Or maybe it's a way of keeping him quiet about what actually happened. The co-CEO title certainly sounds like an honorarium.
They used to say about a well known Irish politician that he always took the bribe but never did what he was bribed to do. But people kept bribing him anyway.
It's core business to every politician so you can leave Irish out.
Well perhaps but I tend to focus on the local
because being part of the conspiracy he's become a liability ?
Nassim Taleb talks about this revolving door between government and business.

After a powerful regulator leaves government, they can often get high paying jobs in the industry they just regulated as a reward for good behavior and to interpret the complicated regulations.

This is widely practiced in politics (globally) in my country former presidents build non-profits (or "institutes") to receive these bribes in the form of donations.
Non-profits are also a popular legal bribe delivery vehicle here in the US