POLITICS

Michael Barone: Jack Lew's sweet deal at Citigroup

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Photo - WASHINGTON, DC - FEBRUARY 13:  Treasury Secretary nominee Jack Lew speaks during his confirmation hearing before the Senate Finance Committee, February 13, 2013 in Washington, DC. If confirmed by the U.S. Senate Mr. Lew will replace Tim Geithner as Treasury Secretary.  (Photo by Mark Wilson/Getty Images)
WASHINGTON, DC - FEBRUARY 13: Treasury Secretary nominee Jack Lew speaks during his confirmation hearing before the Senate Finance Committee, February 13, 2013 in Washington, DC. If confirmed by the U.S. Senate Mr. Lew will replace Tim Geithner as Treasury Secretary. (Photo by Mark Wilson/Getty Images)
Politics,Beltway Confidential,Michael Barone,Politics Digest

Should the Senate confirm as treasury secretary a man who was paid $1.1 million by Citigroup after it was bailed out and whose employment contract gave him favorable stock option treatment if he left his job for a high federal government post but not for another governmental or nonprofit job? That’s the question raised by the nomination of Jack Lew, according to Bloomberg News’s Jonathan Weil, who got hold of the first three pages of Lew’s Citigroup employment agreement and interviewed a Citigroup spokesman about it. One inference you could draw is that Robert Rubin, the Clinton administration treasury secretary who has been exceedingly well paid at Citigroup even as it headed to bailout territory, wants to keep a Citigroup alumnus running Treasury.

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