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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBill Moyers & Co: "Obama Admin’s TPP Trade Officials Received Hefty Bonuses From Big Banks"
Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from CitiGroup and Bank of America, financial disclosures obtained by Republic Report show.
Stefan Selig, a Bank of America investment banker nominated to become the undersecretary for international trade at the Department of Commerce, received more than $9 million in bonus pay as he was nominated to join the administration in November. The bonus pay came in addition to the $5.1 million in incentive pay awarded to Selig last year.
Michael Froman, the current US Trade Representative, received over $4 million as part of multiple exit payments when he left CitiGroup to join the Obama administration. Froman told Senate Finance Committee members last summer that he donated approximately 75 percent of the $2.25 million bonus he received for his work in 2008 to charity. CitiGroup also gave Froman a $2 million payment in connection to his holdings in two investment funds, which was awarded in recognition of [Froman's] service to Citi in various capacities since 1999.
<sadly, much more>
http://billmoyers.com/2014/02/20/obama-admin%E2%80%99s-tpp-trade-officials-received-hefty-bonuses-from-big-banks/
Stefan Selig, a Bank of America investment banker nominated to become the undersecretary for international trade at the Department of Commerce, received more than $9 million in bonus pay as he was nominated to join the administration in November. The bonus pay came in addition to the $5.1 million in incentive pay awarded to Selig last year.
Michael Froman, the current US Trade Representative, received over $4 million as part of multiple exit payments when he left CitiGroup to join the Obama administration. Froman told Senate Finance Committee members last summer that he donated approximately 75 percent of the $2.25 million bonus he received for his work in 2008 to charity. CitiGroup also gave Froman a $2 million payment in connection to his holdings in two investment funds, which was awarded in recognition of [Froman's] service to Citi in various capacities since 1999.
<sadly, much more>
http://billmoyers.com/2014/02/20/obama-admin%E2%80%99s-tpp-trade-officials-received-hefty-bonuses-from-big-banks/
Anyone believe these Obama appointees will care about the American Working Class, American Consumers, or the Environment??
You will know them by their WORKS.
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Bill Moyers & Co: "Obama Admin’s TPP Trade Officials Received Hefty Bonuses From Big Banks" (Original Post)
bvar22
Feb 2014
OP
TheFrenchRazor
(2,116 posts)1. i'm shocked.... i'm sure they're working for us though.... NOT. nt
CaliforniaPeggy
(149,629 posts)2. This is the kind of thing that makes me really angry at Obama.
If he were really working on OUR behalf, he would not do stuff like this.
MisterP
(23,730 posts)6. but you put a car into D to go forward! bumper-sticker slogans never lie!
woo me with science
(32,139 posts)7. +1 That corporate money and power control both major parties now
speaks clearly through their actions, over and over and over and over again. This isn't a problem of just one man, and it will continue after Obama's term.
The time for denial of the deep, systemic problem we face is long past.
Pretzel_Warrior
(8,361 posts)12. I posted evidence this is a B.S. line from Moyers
The people were due the bonuses as part of their compensation. Most compensation packages for executives bar acceleration of benefits paid unless going into public service.
DJ13
(23,671 posts)3. You will know them by their
.... bank accounts.
Follow the money.
L0oniX
(31,493 posts)9. "Follow the money" coined possibly from Mike Gravel.
I liked him a lot.
Enthusiast
(50,983 posts)10. Me too.
Fuck.
Jefferson23
(30,099 posts)4. Highly recommend. Thanks for posting. n/t
WillyT
(72,631 posts)5. HUGE K & R !!! - Thank You !!!
L0oniX
(31,493 posts)8. OMG like like omg like omg like like like omg omg ...stop the Obama hate!
woo me with science
(32,139 posts)13. K&R
frwrfpos
(517 posts)14. recommend
anything to put this disaster into the spotlight. And both Obama and Hillary are both pushing hard for this shit
woo me with science
(32,139 posts)15. Kick for sunshine.
woo me with science
(32,139 posts)16. kick
woo me with science
(32,139 posts)17. kick
bvar22
(39,909 posts)18. Thanks for helping to keep this information at The Top.
This is important.
You will know them by their WORKS.