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Wednesday, February 23, 2011

"In 2009 and 2010, new White House chief of staff William Daley made more than $15 million in compensation and stock from JP Morgan, The Boeing Company, and Abbott Labs, while new White House senior adviser David Plouffe... provided consulting services for Boeing and General Electric"

Daley and Plouffe Release Financial Disclosure Forms
February 22, 2011 4:21 PM

Via
The two men now running the White House for President Obama made a lot of money last year, some of it from the same industries they now sit in powerful positions to impact.

In 2009 and 2010, new White House chief of staff William Daley made more than $15 million in compensation and stock from JP Morgan, The Boeing Company, and Abbott Labs, while new White House senior adviser David Plouffe made $1.5 million from consulting and speaking fees and his book, according to White House financial disclosure forms.

You can read Daley’s HERE and Plouffe’s HERE.

Daley was Midwest chairman and head of corporate responsibility for JP Morgan Chase, making $8.7 million, including a $675,000 salary and a $4.8 million bonus.

Plouffe provided consulting services for Boeing and General Electric, whose CEO, Jeffrey Immelt, President Obama recently appointed to chair a new presidential commission on competitiveness and growth.

The 2008 campaign manager for then-Sen. Obama also received lucrative contracts for speeches he gave to a host of corporate clients with billions of dollars worth of business in Washington, DC, including the health insurance companies that belong to Medicaid Healthplans of America; members of the American Hospital Association; and the National Association for Homecare and Hospice, which calls itself “the leading voice for home care and hospice before Congress and the White House…actively engaged in molding legislation, as well as being on top of all the late-breaking revisions affecting home care and hospice agencies.”

Plouffe was paid by the Carlyle Group, one of the top private equity firms in the world; Credit Suisse; Fidelity Investment Services; Lockheed Martin; Florida Power & Light Company; Edison Electric Institute; National Propane Gas Association; General Mills; and on and on; in places as far-flung as Budapest, Hungary; Belgrade, Serbia; Puebla, Mexico; Lausanne and Zurich, Switzerland; Baku, Azerbaijan; Amsterdam, the Netherlands; Copenhagen, Denmark; Graz, Austria; Lisbon, Portugal; Frederikshavn, Denmark; Rishon-Le-Zion, Israel; Nurnberg, Germany; Dubai, UAE; Oslo, Norway; Istanbul, Turkey; and Lagos, Nigeria.

Penguin publishers paid Plouffe an advance of $575,000 for his book “The Audacity to Win.” (You can hear a podcast interview we did with Plouffe about the book HERE.) He owns property in Cape Cod, Mass. and a 119 acre farm in Montgomery County, Maryland.
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