TV News LIES

Friday, Jan 20th

Last update05:20:13 AM GMT

You are here News Politics Obama Admin's TPP Trade Officials Received Hefty Bonuses from Big Banks

Obama Admin's TPP Trade Officials Received Hefty Bonuses from Big Banks

E-mail Print PDF

Stefan SeligOfficials 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 Under Secretary 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 U.S. 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.”

More...


Most Recent Related Stories...


Trump Sought Military Equipment For Inauguration, Granted 20-Plane Flyover

US miossile launchersPart of being a great president is showing off America’s military strength, according to President-elect Donald...

Trump Plan Would Privatize Public Broadcasting, Kill Arts & Humanities Endowments: Report

Nat'l Endowment for the ArtsDonald Trump is ready to take an ax to government spending.Staffers for the Trump transition team...

Obama commutes 330 drug sentences on last day as president

Obama commutes 330 drug sentencesIn a last major act as president, Barack Obama cut short the sentences of 330 federal...

Trump will carry over more than 50 Obama administration officials

Trump The Trump administration will carry over more than 50 key Obama administration officials after Inauguration Day...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!