How do you persuade a member of Congress to give up elective office and to trade his or her oversight role over an industry for a top job representing that very industry? “It’s not tough when they’ve been defeated or they’re retiring, but those aren’t necessarily the best candidates. It’s a tall order,” says recruiter Wendy Pangburn of the executive search firm Heidrick & Struggles. But it’s not impossible. In January, her firm enticed Rep. Richard Baker, R-La., who was the No. 2 Republican on the House Financial Services Committee, to resign his seat to take the helm at the Managed Funds Association. He started work this month. And so the revolving door between… Read More