[zipy124]

It doesn't have to be, but it probably is at least a form of soft corruption. If he wasn't the ex-leader of one of the coalition parties do you think he'd have got the job?

He isn't paid well because of his skills or anything else, but because of who he knows and his access. Whilst you can make the argument this is just lobbying, I would make the argument that a well-functioning democracy with no corruption would not value his access at such a high price. See the revolving door [1] and how that links to corruption and how these could be seen as examples of it.

For this specific example, Nick Clegg set the precedent, that a current high-standing MP might decide to push for laxer regulation on big tech, knowing that it will get them the high paying job afterwards as was already established in other industries like Defence. I am not saying he pushed for laxer regulation, but a current MP can now see it as a valid exit-opportunity and would be incentivised to do so.

This is corruption just on a longer time-scale as they are using their political power and position for personal gain.

A specific quote from the wikipedia entry below shows that this exact issue happens: "The Channel Four Dispatches programme 'Cabs for Hire', broadcast in early 2010, which showed several sitting members of Parliament and former ministers offering their influence and contacts in an effort to get lobbying jobs, has generated renewed concern about this issue."

[1]: https://en.wikipedia.org/wiki/Revolving_door_(politics)