Former SEC Chair Jay Clayton Will Become Apollo's "Lead Independent Director" | WHAT REALLY HAPPENED

Former SEC Chair Jay Clayton Will Become Apollo's "Lead Independent Director"

As if the establishment ignoring Janet Yellen's clear ties to Citadel wasn't enough to help you lose faith in the Wall Street swamp this year, we'll do you one better. Former SEC Chair Jay Clayton has officially been hired by Apollo Global Management, just weeks after stepping down as SEC chair.

Apollo is, of course, the firm whose CEO, Leon Black, was found to have paid child sex offender Jeffrey Epstein $158 million.

Clayton was named the firm's lead independent director, a newly created role that is "intended to tighten corporate governance," according to Forbes.

Clayton is also expected to return to his role at Sullivan & Cromwell LLP, where he was a partner, according to the Wall Street Journal. He will be "senior policy adviser and of counsel," WSJ reports. He will also continue as an adjunct professor at the University of Pennsylvania Carey Law School.

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