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William Daley Discloses $15.4 Million From J.P. Morgan

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somone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 08:19 PM
Original message
William Daley Discloses $15.4 Million From J.P. Morgan
http://blogs.wsj.com/washwire/2011/02/18/william-daley-discloses-154-million-from-jp-morgan/

William Daley Discloses $15.4 Million From J.P. Morgan
By Jared A. Favole

William Daley, President Barack Obama’s new chief of staff, made $15.4 million from J.P. Morgan Chase & Co. in the last three years, and sold dozens of public company stocks before heading to the White House.

In a 43-page financial disclosure released by the White House on Friday, Mr. Daley disclosed his earnings, pension benefits and bonuses while working for J.P. Morgan.

Mr. Daley, who had overseen J.P. Morgan’s Midwestern operations before Mr. Obama tapped him in January to be his chief of staff, also disclosed stock holdings in General Mills Inc., Goodrich Corp., Gilead Sciences Inc., Intel Corp. and a host of other companies. The holdings are in a trust owned by his wife.

The financial disclosure form shows Mr. Daley’s 2010 salary at J.P. Morgan was $675,000. His cash and stock bonus for 2009, paid in 2010, totaled about $3 million. His cash and stock bonus for 2010, paid in 2011, was $4.8 million. His pension plan, paid out in a lump sum, totaled $6.6 million.
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 08:21 PM
Response to Original message
1. Why? Just Why can't we get someone to work for mainstreet?
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Tuesday Afternoon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 08:24 PM
Response to Original message
2. and again
:argh: :rant: :grr: :mad: :nuke: :banghead:
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 10:44 PM
Response to Reply #2
8. Can I join you?
:argh: :grr: :nuke: :banghead:
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Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 08:26 PM
Response to Original message
3. I am glad he got a tax cut
i don't know how he could live on that little money
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Tejas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 08:27 PM
Response to Original message
4. J,P. Morgan, as in JPMorgan Chase, as in $25 Billion bailout?
Morgan this, Morgan that, I'm confused!
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 08:50 PM
Response to Reply #4
5. That's the one
Daley belongs in jail with the rest of them, not in a key economic policy position. Their line of business is fraud and embezzlement, and in the case of people like Daley, influence peddling.
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Tejas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 10:40 PM
Response to Reply #5
6. There's bound to be an explanation.
Thank you for the clarification, even more puzzled with his appointment now.
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 10:52 PM
Response to Reply #6
9. The key to that puzzle
is understanding that the Obama Presidency is a Goldman Sachs and JP Morgan production.
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Safetykitten Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 10:42 PM
Response to Original message
7. And?
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 10:55 PM
Response to Original message
10. How special
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Kurovski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-18-11 11:35 PM
Response to Original message
11. Uch.
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