Progressives Demand Answers From Clinton on Golden Parachutes for Wall Streeters-Turned-Government Officials

Categorized | STOP FORECLOSURE FRAUD

Progressives Demand Answers From Clinton on Golden Parachutes for Wall Streeters-Turned-Government Officials

Progressives Demand Answers From Clinton on Golden Parachutes for Wall Streeters-Turned-Government Officials

The Intercept_-

A coalition of eight progressive organizations, using material previously published at The Intercept, have challenged Hillary Clinton to disavow the use of “golden parachute” bonuses for former Wall Street executives who enter government service.

In a letter to the Clinton campaign delivered today, the organizations, including Rootstrikers, Democracy for America, CREDO and MoveOn.org Political Action, refer to two top aides to Clinton when she served as secretary of state, Thomas Nides and Robert Hormats. As The Intercept reported in July, Nides and Hormats received millions of dollars in golden parachute payments from their respective ex-employers, investment banks Morgan Stanley and Goldman Sachs, after becoming Clinton’s deputies.

Goldman Sachs paid out Hormats’ unvested restricted stock units, valued between $250,000 and $500,000. Morgan Stanley’s accelerated payout for Nides of restricted stock units was worth between $5 million and $25 million. Deferred compensation awards like these would have been forfeited, had the executives left their jobs for somewhere other than the government.

[THE INTERCEPT_]

Image: Reuters Stephen Lam

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8538 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives