TV News LIES

Saturday, Feb 06th

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...


Federal court invalidates maps of two NC congressional districts

Federal vourt invalidates gerrymandaring in NCA federal court panel ruled late Friday that two of North Carolina’s 13 congressional districts were...

Sanders hopes for 'honest' count of missing precincts

caucusMidnight came and went without a declared winner of the Iowa caucus.Vermont Sen. Bernie Sanders and...

Bridge case defendants in court seeking Christie office docs

Chris ChristieThe two former allies of Gov. Chris Christie charged in the George Washington Bridge lane-closing case...

Donald Trump, 2016's first loser

Donald Trump, loserDonald Trump wakes up Tuesday as a loser. Now, will it matter?After dominating the Republican race...
 
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!