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pa28

(6,145 posts)
Thu Jan 21, 2016, 07:39 PM Jan 2016

Here is one positive change both Sanders and Clinton can deliver even WITH a Republican congress.

Promise not to appoint "exit bonus" recipients to high level administration positions. Not familiar with exit bonuses? Here is a short article explaining the concept.

The Reverse Revolving Door: How Corporate Insiders Are Rewarded Upon Leaving Firms

In February of this year, news broke that Treasury Secretary Jack Lew received an exit package worth over $1 million from Citigroup shortly before joining the Obama administration in 2009. In fact Lew’s contract with Citigroup made explicitly clear that the banker’s eligibility for a special bonus was contingent on his securing a “full time high level position with the U.S. government or regulatory body.


http://www.thenation.com/article/reverse-revolving-door-how-corporate-insiders-are-rewarded-upon-leaving-firms-congres/

And that's not all. Jack Lew and USTR Michael Froman each received multi-million dollar exit bonuses contingent on taking high level administration jobs.

Who are they working for exactly? By promising not to hire exit bonus recipients the next president can take a concrete, real world step toward ending the excessive influence of banks and corporations on policy.

Isn't that something both sides can get behind?
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Here is one positive change both Sanders and Clinton can deliver even WITH a Republican congress. (Original Post) pa28 Jan 2016 OP
one you can be sure Sanders will deliver on tk2kewl Jan 2016 #1
I have no doubt Bernie could get behind a promise like that. pa28 Jan 2016 #2

pa28

(6,145 posts)
2. I have no doubt Bernie could get behind a promise like that.
Thu Jan 21, 2016, 07:49 PM
Jan 2016

He said he was going to close the revolving door and exit bonuses are the most egregious example. Should be an easy one for both candidates.

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