Ok, here is something I know from working in civil

Ok, here is something I know from working in civil service for the Air Force for 30 years. When a person of Retired General Kendall's rank leaves the service there is a requirement to sign a form that basically stipulates that he will not be able to just go out and use his knowledge and contacts to land a job or provide a profit stream to a company that he formally managed either via the contract with the military or through a program he was responsible for. It would be consider a conflict of interest just as if he was still in the military. This is logical as it precludes someone with inside knowledge of something form profiting from that knowledge for at 3 years past retirement. By that time most figure that window of opportunity is probably obe.

Being on the bod of DSUSA, imo, was a conflict of interest for him when they decided to go public. However, as a consultant to the company, it is not because he is not directly in the business of determining the success of DSUSA and thus their profitability during the restricted timeframe.

Again however, this is based on my knowledge as a previous civil servant only.