What Will Weiner Do? 5 Career Case Studies
NEW YORK ( MainStreet) - When Rep. Anthony Weiner, D-N.Y., announced his resignation from Congress on Thursday following a prolonged sexting scandal, he offered little hint of where he would work next, saying only that he will "be looking for ways to contribute my talents" and continue working to help the country's middle-class households.
Truth be told, it's a fair bet the congressman, like many who abruptly quit their job, has no precise plan about what to do next, but Weiner can look to the many politicians who have been disgraced in similar scandals for a hint of what his next career should be.
|U.S. Rep. Anthony Weiner, D-N.Y., resigned from Congress after a sexting scandal and now must figure out a next career step.|
Eliot Spitzer may be the only New York politician in recent memory whose sex scandal overshadows what Weiner has gone through. Where Weiner simply sent lewd messages to women while married, Spitzer, New York's former governor, slept with hired escorts while married. The only thing Spitzer did not do, to his credit, was lie about this once it came to light.
Not all disgraced politicians are quite so eager to return to the limelight. Robert Packwood, a former Republican Senator from Oregon, resigned in 1995 after reports he had made sexual advances on a number of women, including members of his staff, over the years. Since then, Packwood has mainly worked behind the scenes as a lobbyist. In 1998, he started his own lobbying firm, Sunrise Research. Mark Foley
Some former politicians have a harder time trying to find their footing after they've been forced to resign. Like Weiner, Mark Foley, a former Republican congressman from Florida, was embroiled in a scandal over lewd messages, but in Foley's case, those messages were sent to an underage male page, making it that much more scandalous. Foley resigned in late 2006, and a quick look at his LinkedIn profile reveals just how scattered his post-Congressional career has been. The year after his resignation, Foley took a job as a real estate consultant in Palm Beach, where he apparently still works today. In that time, he has also served on the board of directors for a sewage company, hosted a local radio show and opened his own consignment shop called Celebrity Consignment. Gary Condit
Of all the scandals on this list, Gary Condit's may be the most bizarre. Condit served as a California congressman until 2002, when he was voted out after the discovery he had an affair with a young intern who later went missing and turned up murdered. Condit was found to have nothing to do with the murder, but the scandal was enough to keep him out of Washington for good. So what does a former politician do in such circumstances? For Condit, the answer was simple: He opened up a couple of Baskin-Robbins ice cream shops. Unfortunately, even that didn't work out completely, as Baskin-Robbins later sued him for failing to make necessary payments on his stores. Barney Frank
Of course, there are other politicians who have managed to do what Weiner dreamed of: hold onto their job. In late 1989, Barney Frank was found to have solicited sex from a male prostitute and even to have later hired that prostitute to work in his house, but Frank refused to resign over the ensuing scandal and continues to work in Congress today. Likewise, one could point to well-known politicians such as Bill Clinton and Newt Gingrich, each of whom were found to have had affairs while in office, but remained prominent figures on the political scene. >To submit a news tip, email: email@example.com.
Follow TheStreet.com on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV