Sajid Javid’s £ 300,000 ‘side scrambles’: Ex-Chancellor adds £ 1,900 per hour role as Silicon Valley AI adviser to his collection of second jobs that complement his salary as MP for £ 80,000

  • The former cabinet minister will work for C3.ai with an annual salary of £ 151,835
  • This will cover the work of 80 to 86 hours per year – or between 10 and 12 days in total
  • Wages are around £ 1,900 per hour at the highest rate

Ex-Chancellor Sajid Javid will earn more than £ 300,000 for just three weeks of work after landing his second lucrative job outside Parliament, official documents have revealed.

The former cabinet minister, who resigned in February after clashing with then-assistant prime minister Dominic Cummings, has been appointed advisor to a Silicon Valley artificial intelligence firm.

His contract with C3.ai will see him paid £ 151,835 for working 80 to 86 hours a year – or between 10 and 12 days – according to MP’s financial interests register.

The salary is around £ 1,900 an hour. He took office on October 22 and will provide “advice on the global economy, geopolitics and market opportunities.”

It comes months after he landed a similar sum to work for a US-based bank. In August, he landed a lucrative position as a senior advisor at JP Morgan, where he began his career as a graduate in New York. He will receive a salary of £ 150,000 for having worked the same number of hours as in C3.

This is in addition to his £ 80,000 salary as a Tory MP for Bromsgrove.

The former cabinet minister, who resigned in February after clashing with then-assistant prime minister Dominic Cummings, has been appointed advisor to a Silicon Valley artificial intelligence firm.

His contract with C3.ai will see him paid £ 151,835 for working 80 to 86 hours a year - or between 10 and 12 days - according to the MP's financial interests register.

His contract with C3.ai will see him paid £ 151,835 for working 80 to 86 hours a year – or between 10 and 12 days – according to the MP’s financial interests register.

The appointments come as Mr Javid is being urged by some to return to Boris Johnson’s cabinet.

Reports suggest he could be recruited in a New Year’s reshuffle if Mr Johnson decides to brush up on his best team.

Mr Javid, a former banker who is quite the financial world for politics, left Cabinet just before the coronavirus outbreak in February.

The Bromsgrove MP – who challenged Mr Johnson for the Tory leadership last year before becoming his prime minister – has received an ultimatum from the PM that he must agree to his political advisers being ousted and replaced by loyalists of Cummings to stay at No. 11.

Instead, he chose to leave and was replaced by his deputy Rishi Sunak.

Days later, he launched a thinly veiled attack on Mr Cummings in the Commons, claiming he had resigned as chancellor because the Treasury changes planned by the powerful aide were “not in the making. national interest “.

It comes months after he landed a similar sum to work for a US-based bank.  In August he landed a lucrative position as a senior adviser at JP Morgan (London headquarters pictured)

It comes months after he landed a similar sum to work for a US-based bank. In August he landed a lucrative position as a senior advisor at JP Morgan (London headquarters pictured)

The former minister used a Commons resignation statement – in front of a watching Boris Johnson – to say that a semi-merger of behind-the-scenes teams at numbers 10 and N011 would hamper the Finance Department’s ability to “say truth in power ”.

He declined to name Mr Cummings directly, but joked that there had already been a lot of “comings and goings” gossip, to MPs laughing.

Mr Javid is following in the footsteps of former Prime Minister Tony Blair, who is paid £ 2million a year as a part-time global adviser to JP Morgan. The ex-chancellor will be subject to strict rules about what he can disclose, especially inside information obtained as a minister.

Earlier this year, JP Morgan posted the biggest annual profits of any US bank in history – just under £ 28 billion. Its 64-year-old chief executive Jamie Dimon was the highest-paid banking boss for the fifth consecutive year, raising £ 24million.

C3.ai is promoting itself as “one of the leading providers of enterprise AI software”. Today, he announced a partnership with defense giant Raytheon, “to develop artificial intelligence solutions for aerospace and defense missions for government customers, including the U.S. Air Force and the intelligence community. .



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