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Entries in Citigroup (1)

Thursday
Jul292010

OMB Pick Lew Received $900,000 Bonus From Bailed-Out Bank

The Washington Times is reporting that Jack Lew, the State Department official recently tapped to replace Peter Orszag as Office of Management and Budget (OMB) Director, received a $900,000 bonus from Citigroup Inc. after the conglomerate received nearly $45 billion in TARP funds.

Before stepping in as OMB Director, Lew requires Senate confirmation.