Move to DC Will Net Goldman Sachs Exec $100 Million

[HAB911]

Will his advice be as valuable? Goldman Sachs will pay former CEO Gary Cohn, who's heading to Washington, D.C., to become Donald Trump's top economic adviser, more than $100 million in severance. Most of that derives from a "conflicted employment" clause triggered by his public-sector move that speeds payout of future bonuses upon leaving his $20 million-a-year job. The government will also help with the transition, providing a capital gains tax break on stocks he sells to avoid a conflict of interest.

[Dustlawyer]

1. It is so bad they have this already set up to give them the bribe money going in,

and a great job coming out of government service at the highest levels!

Our system has been, and is, totally and completely corrupt!

[Initech]

2. And to think conservatives railed on Hillary for being in bed with Goldman Sachs.

[HAB911]

3. Obviously

giving a speech to GS is much much worse than hiring them