Skip to comments.OMB nominee got $900,000 after Citigroup bailout
Posted on 07/29/2010 9:25:21 AM PDT by george76
Obama's choice to be the government's chief budget officer received a bonus of more than $900,000 from Citigroup Inc. last year -- after the Wall Street firm for which he worked received a massive taxpayer bailout.
The money was paid to Jacob Lew in January 2009, about two weeks before he joined the State Department as deputy secretary of state, according to a newly filed ethics form. The payout came on top of the already hefty $1.1 million Citigroup compensation package for 2008 that he reported last year.
Administration officials and members of Congress last year expressed outrage that executives at other bailed-out firms, such as American International Group Inc., awarded bonuses to top executives
(Excerpt) Read more at washingtontimes.com ...
$2,000,000 for one year’s “work”:
Boy, you “little people” in “fly-over” country sure complain a lot.
Nothing to see here, move along.
So that’s why they needed to jack everyone’s interest rate to 30%. I fired them yesterday.