Obama Adviser Was Payed Millions by Citigroup
President-elect Obama likes to talk about eliminating “golden parachutes” for executives and he also advocates regulating how much an executive can be payed. During the election he said that he was in favor of capping a private employees salary but when you look deeper into his campaign staff you will find an adviser named Robert Rubin.
Who is Robert Rubin? Just a man who served on the board of directors for Citigroup. He was one of the highest payed executives on the group that just got bailed out by the United States government.
Robert Rubin, a key economic adviser to President-elect Barack Obama who served as Treasury secretary in the Clinton Administration, has been one of the highest paid executives at the now twice bailed-out financial giant Citigroup.
Rubin, who has been associated with the bank since 1999, served as its interim chairman from November to December 2007.
And for as much as Obama likes to claim that executives need to have their potential salaries capped he didn’t have a problem with Rubin making millions working for a company that has now been bailed out by the feds.
Rubin has been well compensated for his advice, earning $17.3 million in 2006, according to Citigroup’s SEC filings. Rubin earned $16.4 million in 2005, $16.5 million in 2004, and $16.6 million in 2003.
Apparently Obama doesn’t find anything wrong with this man making millions upon millions of dollars. But it gets better, Ruben also worked for Ford and Goldman Sachs. This man has hit the trifecta and here he is sitting on Obama’s economic team. Doesn’t that give you a warm and fuzzy feeling?
Obama’s hypocrisy is on full display here.













What is wrong with this man? honestly, this has gone way beyond creepy coincidence. Is he kidding me? I guess he might as well hire Diane Wilkerson and Chuck Turner (MA pols recently caught taking bribes) along with cadillac Deval. I guess voracious avarice is a new requirement to work for the Obama admin.{:>(
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Like they say “If a politician’s mouth is moving… he’s lying”
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I don’t see why this should be of any surprise. At the risk of sounding like a broken record, one can’t spit in Washington without hitting someone who is on something.
The odds of anyone who sought the presidency bringing someone into the team that did not have any ties to Wall Street is near zero. Heck, if having no ties to Wall Street was used as a criteria, the resulting administration would probably have no experience in finance.
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