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CIA Pick Panetta's Earnings Released on Eve of Hearing (yes, there's more)
Washington comPost ^ | 2/5/2009 | Joby Warrick and Walter Pincus

Posted on 02/04/2009 6:57:59 PM PST by markomalley

Leon E. Panetta, President Obama's pick to head the CIA, earned more than $1 million last year in consulting and speaking fees and service on the boards of nearly a dozen institutions and corporations, according to documents released yesterday.

(snip)

Panetta's largest consulting fee came last year from California State University's Office of the Chancellor, which paid him $150,000 for a variety of activities, an Obama spokesman said. These included helping establish a literacy program called America Reads and creating a new campus at Monterey Bay. He also received a salary of $50,000 from Santa Clara University, where he teaches and serves as an outside speaker.

(snip)

Panetta's largest director's fee last year, $170,000 in cash and stock options, came from Zenith National Insurance, which promotes safety on the job but specializes in protecting businesses from the financial consequences of workplace injuries. Other board members include Catherine B. Reynolds, head of EduCap, a controversial student loan company that is under investigation by the IRS.

Separately, the Senate intelligence committee is looking into Panetta's ties to EduCap, according to people with knowledge of the matter. The company's ties to Thomas A. Daschle became an issue in his failed bid to become secretary of health and human services.

Panetta was paid $125,000 in director fees from BP Corporation North America -- three former senators, Warren B. Rudman (R-N.H.), Alan K. Simpson (R-Wyo.) and Daschle (D-S.D.) -- were on the board with him. Panetta received an additional $120,000 from the Fleishman-Hillard public relations firm for serving on its international advisory board, which also included former House speaker Newt Gingrich (R-Ga.).

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Crime/Corruption; Front Page News; Government
KEYWORDS: 111th; bho44; bhocia; corruption; dachle; democrats; ethics; obama; obamaregime; panetta; taxcheatparty
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Sounds perfectly normal for the most ethical administration in history. /s
1 posted on 02/04/2009 6:58:00 PM PST by markomalley
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To: markomalley

Zero. Just working on his legacy.


2 posted on 02/04/2009 7:03:23 PM PST by cripplecreek (The poor bastards have us surrounded.)
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To: markomalley

btt... who would have thought bambi would be so entertaining.. too bad it is entertaining like skydiving with no chute.


3 posted on 02/04/2009 7:05:47 PM PST by mnehring
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To: markomalley

Liberals are willing to pay liberal politicians millions of dollars for doing nothing. Typically, they use someone else’s money to do it, though. No wonder there are so many liberal politicians.


4 posted on 02/04/2009 7:05:53 PM PST by Brilliant
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To: markomalley

If it smells like a lobbyist....


5 posted on 02/04/2009 7:07:03 PM PST by icwhatudo (Still a proud member of the VRWC)
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To: cripplecreek

A “new campus”! How does this work. How does a University need help to establish a new campus?

Good thing California is so fiscally sound.


6 posted on 02/04/2009 7:07:06 PM PST by sgtyork (The secret of happiness is freedom, and the secret of freedom, courage. Thucydides)
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To: markomalley
...EduCap, a controversial student loan company that is under investigation by the IRS....the Senate intelligence committee is looking into Panetta's ties to EduCap...the company's ties to Thomas A. Daschle became an issue in his failed bid to become secretary of health and human services.

Another tax cheat.
7 posted on 02/04/2009 7:08:52 PM PST by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: markomalley
8 years of Bush and no scandal, 3 weeks of Obama and this is what, scandal #8? Well...that's change.
8 posted on 02/04/2009 7:09:34 PM PST by txroadkill (It's the beginning of Feb.- 500 million of the 300million Americans just lost their jobs)
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To: markomalley

Greta van Sustrin just reported that Pannetta received $700,000 from investment banks (now not investment banks) who received TARP moneys. Gee, Leon, sounds like you are taking advantage of the taxpayer.


9 posted on 02/04/2009 7:10:19 PM PST by Texas Songwriter
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To: markomalley

Didn’t the Clintons use that line?


10 posted on 02/04/2009 7:13:04 PM PST by jmcenanly
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To: icwhatudo
If it smells like a lobbyist....

Please call on me, teach. Call on me!!

11 posted on 02/04/2009 7:15:07 PM PST by mort56
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To: sgtyork
My bet is Panetta’s friends must have owned the property it will be built on...
12 posted on 02/04/2009 7:16:22 PM PST by tubebender (Your Tag Line offends me...)
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To: holdonnow

And more...


13 posted on 02/04/2009 7:16:59 PM PST by markomalley (Extra ecclesiam nulla salus)
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To: markomalley

I wouldn't follow this clown (Obambi) in a fire drill

14 posted on 02/04/2009 7:17:29 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: markomalley

I’d really like to know who is doing the digging and bringing this stuff to light. A lot of it goes right to taxes so I suspect there’s somebody in the IRS with an axe to grind.


15 posted on 02/04/2009 7:18:15 PM PST by cripplecreek (The poor bastards have us surrounded.)
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To: markomalley
Check his tax records because I can almost guarantee he didn't pay the tax-man all his dues.
16 posted on 02/04/2009 7:19:01 PM PST by tobyhill (Obama gets no free pass from Free Republic!)
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To: markomalley

Well, it was not intentional, I used Quick Books, and we all know how complicated that is.

17 posted on 02/04/2009 7:19:23 PM PST by BigLittle
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Comment #18 Removed by Moderator

To: markomalley
Leon E. Panetta, President Obama's pick to head the CIA, earned more than $1 million last year in consulting and speaking fees and service on the boards of nearly a dozen institutions and corporations, according to documents released yesterday.

Barny Frank says you are only allowed to earn $500,000 if your a CEO, so he will have to turn the excess back in, right. I mean it would only be "fair," especially when much of it is government money, including money from places that received TARP funds or were state or federal agencies, or like a university. :) -- or should I not hold my breath?

19 posted on 02/04/2009 7:21:07 PM PST by verklaring (Pyrite is not gold))
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To: mnehrling

btt... who would have thought bambi would be so entertaining.. too bad it is entertaining like skydiving with no chute.
__________________________________________

I’m getting visions from that ‘plane scene’ in “The Good Shepherd”.


20 posted on 02/04/2009 7:26:29 PM PST by RushIsMyTeddyBear (Obama dozed.....people froze.)
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