GENERAL MARK MILLEY’S SECOND ACT: MULTIMILLIONAIRE

In the classroom, the boardroom, and at the speaker’s dais, the Chinese apparatchik and former chair of the joint chiefs cashes in.

SINCE RETIRING FROM the military last year, former Chair of the Joint Chiefs of Staff Army Gen. Mark Milley has become a senior adviser to JPMorgan Chase bank, joined the faculties of Princeton and Georgetown, and embraced the lucrative paid speaking circuit. From military pay of $204,000 a year, Milley is sure to skyrocket to compensation in the millions, especially because he is represented by the same high-powered speakers’ agency as Hillary Clinton, who faced criticism in 2016 for her paid speeches to investment bank Goldman Sachs.

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.

Milley’s speaker’s agency, Harry Walker Agency is touting the retired general, who crossed swords with former President Donald Trump and continues to be a polarizing figure, for his insights on leadership and international conflicts. “His perspective is invaluable for audiences looking to understand the impact of current conflicts and managing risks on boards of directors and leadership teams who are responsible for making strategic decisions and identifying...

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