TV News LIES

Tuesday, Oct 21st

Last update06:44:28 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...


University of Arizona becomes seventh US college to reject Trump’s ‘compact’

U og ArizonaThe University of Arizona has become the seventh US university to reject a Trump administration proposal...

Florida politician faces backlash over calls for mass deportation of Indians

Florida pol lashes out at Indian residentsA city councilmember in Florida is facing backlash from national Indian American organizations, members of Congress,...

Trump nominee says MLK Jr. holiday belongs in ‘hell’ and that he has ‘Nazi streak,’ according to texts

Paul IngrassiaPaul Ingrassia, President Donald Trump’s embattled nominee to lead the Office of Special Counsel, told a...

FBI probes hunting stand with sight line on Air Force One in Palm Beach

Hunting standThe FBI is investigating a hunting stand that was found in the sight line of Air...
 
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!