Called “cashing in” by military officers, transitioning from capped government salaries to defense industry, private consulting for global risk management, or work with venture capital brings in lavish paydays. For retired generals, the invasion is swift. The recently retired chief of space operations for the Space Force, Gen. John W. “Jay” Raymond, for example, has
joined the board of directors for aerospace companies Impulse Space and
Axiom Space, as well as
becoming senior managing director for investment firm Cerberus Capital Management. Gen. James C. McConville, who served as chief of staff of the Army before retiring last year, has joined the board of directors of drone manufacturer
Edge Autonomy and aerospace investment firm
AE Industrial Partners, as an operating partner.