The selection of Smith by new general manager John Idzik seriously clouds the future of Sanchez, the team's first-rounder in 2009 who led the Jets to consecutive AFC championship game appearances but has struggled mightily the past two seasons.

NPR: Jets Draft QB Geno Smith In 2nd Round

Pension consultants: Pay-to-play schemes where the objectivity of the advice the consultant is providing regarding asset allocation, money manager selection and brokerage is corrupted as a result of secret compensation schemes.

FORBES: No One's Fulltime Job: Speech at Florida Atlantic University, School of Accounting (June 1, 2006 )

The manager-selection side of his business is kept separate from the seminar side, he insists, and actually represents less than 10% of Callan's revenue.

FORBES: Pay For Play

The letters stated that the SEC believes Merrill did not provide relevant information about fees, manager selection and conflicts of interest.

FORBES: The Long Overdue Florida Public Pension Clean-Up (November 21, 2007 )

Our investigations have shown that no party exerts as great an influence on the overall success of a pension that a consultant who provides sound asset allocation, manager selection and other advice.

FORBES: SEC Scrutiny of Pension Consultants: A Call To Action (February 28, 2004 )