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Does Jack Lew’s Citibank Contract Violate Ethics Laws?

Wednesday, February 27, 2013 - 7:46 PM
During Lew’s confirmation hearing earlier this month, Sen. Orrin Hatch, R-Utah, questioned the president’s pick to run the Treasury Department about a provision in his employment contract with Citibank – where Lew landed after his previous tenure as a high-ranking official in the Clinton administration.

According to his Citibank contract, he would lose a hefty bonus worth nearly $1 million and other compensation if he left before he received it, except under two very specific circumstances – either he died or obtained a high-level job in the federal government.

Does Jack Lew's Citibank contract violate ethics laws? | Where's Our Money

 
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