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Obama’s TPP Trade Officials Received He fty Bonuses From Big Banks

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  • Teresa Binstock
    Obama’s TPP Trade Officials Received Hefty Bonuses From Big Banks
    Message 1 of 1 , Feb 20, 2014
      Obama’sTPP Trade Officials Received Hefty Bonuses From Big Banks

      Officials 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.

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