The current USTR TPP head guy got $4,000,000 in bonuses from Citigroup when he left
and joined the Obama administration.
Does anyone think this person has American workers best interests in mind rather than the multi-national corporate bank that gave him four million dollars TO LEAVE?
Wall Street Pays Bankers to Work in Government and It Doesn't Want Anyone to Know
By David Dayen - Feb 4th 2015
Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service. In letters delivered to the Securities and Exchange Commission (SEC) over the last month, Citi, Goldman Sachs and Morgan Stanley seek exemption from a shareholder proposal, filed by the AFL-CIO labor coalition, which would force them to identify all executives eligible for these financial rewards, and the specific dollar amounts at stake. Critics argue these “golden parachutes” ensure more financial insiders in policy positions and favorable treatment toward Wall Street.
“As shareholders of these banks, we want to know how much money we have promised to give away to senior executives if they take government jobs,” said AFL-CIO President Richard Trumka in a statement. “It’s a simple question, but the banks don’t want to answer it. What are they trying to hide?”
~Snip~
U.S. Trade Representative Michael Froman received over $4 million in multiple exit payments from Citigroup when he left for the Obama Administration.
~Snip~
http://www.newrepublic.com/article/120967/wall-street-pays-bankers-work-government-and-wants-it-secret
More on Michael Froman:
https://ustr.gov/about-us/biographies-key-officials/united-states-trade-representative-michael-froman
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