Quote:
Originally Posted by Fast_Eddie
Well, I know plenty of people in my industry who retire and become consultants. I don't know that it's a problem. I've thought about playing that card when the time comes. Pay me half what you do now and I'll help you grow a younger, cheaper replacement and keep things on the rails in the mean time. I think it can be a win/win.
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The example I cited was specific to the auto industry. The guys would retire, take their pension, take the consulting gig at about 80% of their pay, and (back in those days anyway) got retiree health care bought and paid for.
Done right, yet, it can be a good way of leveraging the experience of retired workers. Done like they used to do it in the autos, and it was just one more practice of many that paved the way to bankruptcy.