Topic - Thomas R. Nides

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  • **FILE** Morgan Stanley's headquarters in New York (Associated Press)

    Wall St. mogul picked for State Department post

    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.

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Quotations
  • Mr. Nides told ethics regulators that he could receive a prorated bonus from the company based on his work there this year.

    Wall St. mogul picked for State Department post →

  • "These appointees are required under an ethics pledge to recuse themselves from official actions that directly and substantially impact their former employers and thus avoid the traditional capture of regulatory agencies by business interests," Mr. Holman said, adding that Mr. Nides and Mr. Hormats won't be involved in decisions affecting Morgan Stanley or Goldman Sachs, respectively.

    Wall St. mogul picked for State Department post →

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