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Treasury seeks corporate bonus killers
“I was informed by my staff of the full scale of these specific things on Tuesday, March 10,” Mr. Geithner said. “And as soon as I heard about the full scale of these things, we moved very quickly to explore every possible avenue … to make sure that, again, the assistance we were providing was not going to unduly benefit these people.”
Whether beefing up Treasury’s executive pay watch ranks will quiet any of the Republican House members who have called for Mr. Geithner’s resignation remains to be seen.
“The timing of these [job] announcements are certainly interesting,” said Frederick Hill, a spokesman for Rep. Darrell Issa of California, the top Republican on the House Oversight and Government Reform Committee, who recently called for Mr. Geithner to step down.
“It’s disappointing we continue to see this fire-ready-aim mentality. They’re jumping into bailouts and then in retrospect saying what are the prudent steps we can take to make sure taxpayer money is well spent,” Mr. Hill said.
Marthena Cowert, a spokeswoman for the nonpartisan Project on Government Oversight, said of the new job postings: “We wish them well in their search for quality employees.”
But applicants shouldn’t expect a Wall Street salary.
The lead executive compensation specialist can earn up to $153,200 per year, while overseeing the work of executive compensation specialists, who can make up to $120,830.
Still, there are lots of good government benefits, including 10 paid holidays, 13 sick days and up to 26 vacation days. No mention of bonuses, however.
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