Sixteen point two million dollars. That's more than half a million dollars per month. Details of a Halliburton contract in Iraq, you say? Nope. It's the amount of money Rahm Emanuel made working as an investment banker in the scant two and a half years between leaving the Clinton White House and going to Congress last year as the representative from Illinois' 5th district.We wonder is Rahm Emanuel wants to pay higher taxes voluntarily?
According to a recruiting executive quoted in the article, that salary figure puts Emanuel in the top 3-5% of all investment bankers in the country during that period of time. Not bad for a guy with zero investment banking experience:
"According to congressional disclosure statements, Emanuel received $16.2 million from Wasserstein, based on fees that the bank earned from eight clients. In each case, he worked to land the business either through a key executive he had come to know during his political career or was provided an introduction by a contact he developed through his political work.
Three of those clients were corporations controlled by major Democratic donors
Thursday, November 06, 2008
Rahm Emanuel the Investment Banker
Real Clear Politics reports: