Wall Street mogul picked for State Department post

Jim McElhatton
The Washington Times
October 21, 2010

• A d v e r t i s e m e n t

President Obama’s nominee for deputy secretary of state has earned more than $8 million in salary and bonuses since January 2009 as an executive at a Wall Street bank that received a federal bailout.

Thomas R. Nides, a six-figure fundraiser for Hillary Rodham Clinton during her 2008 presidential run, disclosed his compensation from Morgan Stanley in a recent filing with the U.S. Office of Government Ethics.

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Mr. Nides, the company’s chief operating officer, also said he remains eligible for additional bonus money at Morgan Stanley, which repaid its share of the federal bailout last year.

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This article was posted: Thursday, October 21, 2010 at 12:14 pm

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