Presumed Incoming Treasury Secretary Jack Lew's Deal With Citigroup
from Naked Capitalism, via AlterNet:
Corruption has now become so routine in Washington that improprieties far worse than Turbo Timmie’s implausible failure to pay taxes on income from his days working as a consultant to the World Bank barely evoke a yawn from the media. Apparently the fourth estate is either so bedazzled by star turns, like Michelle Obama presenting at the Oscars (!!!) or so cowed by the prospect of being cut off from information that it dutifully falls in line.
Let’s look at the presumed incoming Treasury Secretary, Jack Lew. He’s a die hard neoliberal, played a role in financial deregulation as Clinton economics team member, and a backer of NAFTA. But what is surprising is the limited interest in his personal dealings, which have been examined critically by Pam Martens and Bloomberg’s Jonathan Weil. Recall that Lew is essentially a career elite technocrat, with his major stint out of government being during the Bush Administration, when he first served as the Executive Vice President for Operations at NYU (where his noteworthy accomplishment was busting the bargaining rights of grad students) and then became the chief operating officer for Citigroup’s alternative investment group.
Weill zeroed in one provision of Lew’s employment agreement at Citigroup, that if Lew left for a “high level position with the United States government or regulatory body” his 2006 and 2007 guaranteed incentive and retention awards. The 2008 rider to the letter provided that if Lew left for the same type of “high level position” his restricted stock would vest immediately. Frankly, I think Weil is more riled up about this provision than he ought to be. The bank was giving particularly generous guarantees for joining. There was no reason to pay out on those guarantee if Lew broke his contract, unless he went to do something that would be of comparable value to the bank. You may not like the logic, but this is pretty cold commercial logic at work. Weil seems to have misread the “guaranteed incentive and retention awards” to mean Lew’s annual bonus on an ongoing basis. It didn’t. It’s a defined term that refers only to special goodies he got in 2006 and 2007. ..................(more)
The complete piece is at: http://www.alternet.org/economy/corruption-alert-presumed-incoming-treasury-secretary-jack-lews-deal-citigroup
= new reply since forum marked as read
(I figured you already saw this...but, I just had to post it again...to sort of exorcise my demons) 
Just when I thought it couldn't get worse......it did....
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Burwell, Sylvia Mathews
Sylvia Mathews Burwell, 47
President, The Walmart Foundation
Professional Highlights:
President, The Walmart Foundation (Jan. 2012 – Present)
The Bill and Melinda Gates Foundation, a private philanthropic foundation
President, Global Development Program (Apr. 2006 – Dec. 2011)
Chief Operating Officer (2002 – Apr. 2006)
Executive Vice President (2001 – 2002)
Deputy Director, Office of Management and Budget, Washington, D.C. (1998 – 2001)
Deputy Chief of Staff to President Bill Clinton (1997 – 1998)
Chief of Staff to Treasury Secretary Robert Rubin (1995 – 1997)
Staff Director, National Economic Council (1993 – 1995)
Manager of President Clinton’s economic transition team (1992-1993)
Staff, Clinton/Gore Campaign (1992)
Associate, McKinsey and Company (1990 – 1992)
Other Professional and Leadership Experience:
Member of:
Board of Directors, Council on Foreign Relations
Aspen Strategy Group
Trilateral Commission
Advisory Group, Nike Foundation
Advisory Board, Next Generation Initiative
Advisory Board, Peter G. Peterson Foundation
Professional Advisory Board, ALS Association Evergreen Chapter
Education:
B.A., cum laude, Harvard University
B.A., Oxford University (Rhodes Scholar)
That's what it seems like to me. 
& a 
for the corruption of it all
