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Banking firm to aid Pa. gov's privatization group

December 6, 2011
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HARRISBURG, Pa.—Pennsylvania Gov. Tom Corbett wants a New York-based investment banking firm that employs former Gov. Ed Rendell as a consultant to help his privatization council identify targets and help carry out those projects.

A spokesman for Corbett said Monday that the contract with Greenhill & Co. is $150,000 for three months, plus any fee that is negotiated for work performed beyond that.

Corbett, a Republican, named the 24-member group of unpaid volunteers in September, saying that he has an obligation to taxpayers to find ways to make government more efficient.

It includes some prominent Republicans, as well as business executives and representatives of business advocacy groups.

Greenhill hired Rendell, a Democrat, as a senior adviser in February to help the firm expand its public-sector client roster.

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