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en/ex-european-commission-president-becomes-golden-sachs-chairman-raising-concerns-over-corporate-influence-in-eu#c141102

Barroso’s Gold-plated revolving door

Author: Corporate Europe Observatory, Published on: 16 August 2016

Never before has a former European Commission official been criticised as much for their post-EU career as ex-Commission president Barroso since he joined infamous US investment bank Goldman Sachs earlier this summer. Despite its scandalous nature, his move did not come as a complete surprise, given previous revolving door cases involving former EU commissioners. Citizens have every reason to ask if Barroso’s move goes against the public interest...The wording in article 245 about how commissioners should act after leaving office aims at preventing these high-level politicians’ subsequent careers from damaging the reputation of the EU institutions...and that they do not undermine the Commission’s work. The article has been invoked once before, by the Council, when a former commissioner for industry, Martin Bangemann, announced he would take a job with Spanish telecommunications company Telefónica. The Council responded by opening a case against him at the European Court of Justice, arguing he was in breach of article 245 (then article 213), but in the end, it backed down...

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