New Treasury Sec gets bonus by Citigroup if he quits for gov regulatory job. And conservatives fear Obama socialism?

Jack Lew‘s Golden Parachute

Like all other administrations before him, there is an incestuous relationship between Wall Street and the White House.

” Most companies include incentives for top employees not to leave, but in this case his Citigroup employment contract was written to reward give Mr. Lew a bonus guarantee if he left the bank for a “high level position with the United States government or regulatory body.”  He actually gets paid more if he leaves to work for the government!”

http://online.wsj.com/article/SB10001424127887323384604578324442830547044.html?KEYWORDS=Lew+golden+parachute

 

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