Tuesday, April 14, 2009

Top State Department official sought bonus after bailout

The Washington Times reports:
Shortly before joining the Obama administration, Deputy Secretary of State Jacob J. Lew reported in a little-noticed government filing that he intended to collect a bonus for his 2008 work at Citigroup even though the Wall Street firm had just received a massive federal bailout.

Now administration officials - who expressed outrage when other bailed-out firms such as American International Group Inc. (AIG) awarded bonuses to executives - are steadfastly refusing to say whether Mr. Lew accepted the money in January or how much of his nearly $1.1 million compensation from Citigroup last year was paid in the form of bonuses.