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Hedge fund paid Obama adviser Summers $5.2 mln
Reuters ^
| April 3, 2009
| Roberta Rampton
Posted on 04/03/2009 4:45:35 PM PDT by bobsunshine
WASHINGTON, April 3 (Reuters) - Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million in compensation by hedge fund D.E. Shaw during the past year, according to financial disclosure forms released on Friday by the White House.
Officials from D.E. Shaw were not immediately available for comment. Summers, a former U.S. treasury secretary, was a part-time managing director of the firm after stepping down as president of Harvard University.
Summers was also paid hundreds of thousands of dollars in speaking fees from major Wall Street firms and financial institutions, including JP Morgan (JPM.N), Citigroup (C.N), Goldman Sachs (GS.N) and Lehman Brothers, the forms showed.
(Excerpt) Read more at reuters.com ...
TOPICS: Front Page News; News/Current Events
KEYWORDS: desco; deshaw; obama; obamastaff; obamastaffers; shaw; summers
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To: bobsunshine
Uh oh...$5.2 mil in just one year.
Buh Bye Larry!!!
BTW this was just published by the WSJ...it'll be all over God's green earth by the Morn!
2
posted on
04/03/2009 4:50:28 PM PDT
by
SonOfDarkSkies
( "For where your treasure is, there will your heart be also." - Matthew 6:21)
To: SonOfDarkSkies
3
posted on
04/03/2009 4:52:51 PM PDT
by
SonOfDarkSkies
( "For where your treasure is, there will your heart be also." - Matthew 6:21)
To: SonOfDarkSkies
BTW...DE Shaw is no longer active, but the firm site doesn't mention who has taken over since he departed.
The plot thinkens...
4
posted on
04/03/2009 4:55:54 PM PDT
by
SonOfDarkSkies
( "For where your treasure is, there will your heart be also." - Matthew 6:21)
To: SonOfDarkSkies
Time for the paid “protesters” of ACORN and Working Families Party to demonstrate outside the White House.
5
posted on
04/03/2009 4:58:27 PM PDT
by
Brad from Tennessee
(A politician can't give you anything he hasn't first stolen from you.)
To: SonOfDarkSkies
I know David and DESCO people, some of them very well, have since the early nineties. There is nothing nefarious about the company.
6
posted on
04/03/2009 4:59:38 PM PDT
by
wtc911
("How you gonna get back down that hill?")
To: bobsunshine; SumProVita; HardStarboard; BradyLS; Ernest_at_the_Beach; dervish; Twotone; ...
The List, ping
Week's not over yet....
7
posted on
04/03/2009 5:04:52 PM PDT
by
Nachum
(the complete list at www.nachumlist.com)
To: wtc911
Have no reason to doubt you.
Tell us a bit about the situation. Why is the founder hiding and why did he pay Summers so much?
8
posted on
04/03/2009 5:09:19 PM PDT
by
SonOfDarkSkies
( "For where your treasure is, there will your heart be also." - Matthew 6:21)
To: bobsunshine
No surprise to me.
The dots connect when you get over your fear of tin foil hatism.
9
posted on
04/03/2009 5:13:01 PM PDT
by
dforest
To: SonOfDarkSkies
Why is the founder hiding and why did he pay Summers so much?
____________________________________________
Hiding? David is absolutely not hiding. He left DESCO a few years ago to focus his brain (the smartest guy I ever met by a mile) and his fortune on bio-chem research. He also married a very public person. He has no 'one' replacement. A team of six runs the show (like having six CEOs).
Everyone at DESCO is well paid. That's how they became as powerful as they are in the world of quants.
Whatever you think you know, you don't.
10
posted on
04/03/2009 5:27:20 PM PDT
by
wtc911
("How you gonna get back down that hill?")
To: wtc911
Unless you’re privvy to financial information, you have no idea about the company. But your loyalty is impressive.
11
posted on
04/03/2009 5:47:50 PM PDT
by
Hildy
(Dr. King had a dream. Obama has an ELF who has a “plan”.)
To: wtc911
Whatever you think you know, you don't. Chill...I know nothing about him. But his site is suspicious.
He has withdrawn...but his replacement staff is still incognito.
That presents a mystery when Larry Summers was handsomely compensated last year.
12
posted on
04/03/2009 5:50:01 PM PDT
by
SonOfDarkSkies
("I am not your enemy...I only seek the truth")
To: wtc911
Hiding? David is absolutely not hiding. He left DESCO a few years ago to focus his brain (the smartest guy I ever met by a mile) and his fortune on bio-chem research.David...is that you?;-)
13
posted on
04/03/2009 5:52:26 PM PDT
by
SonOfDarkSkies
("I am not your enemy...I only seek the truth")
To: Hildy
Unless you’re privvy to financial information, you have no idea about the company. But your loyalty is impressive.My thoughts exactly...what is this guy hiding?
14
posted on
04/03/2009 5:55:46 PM PDT
by
SonOfDarkSkies
("I am not your enemy...I only seek the truth")
To: bobsunshine
What is it, exactly, that they’re swapping like pokemon cards? The rights to collect on our labor and that of our children.
Surprised? No, that’s what overlords always do with their serfs.
15
posted on
04/03/2009 6:06:08 PM PDT
by
LearsFool
("Thou shouldst not have been old, till thou hadst been wise.")
To: Hildy
Unless you’re privvy to financial information, you have no idea about the company. But your loyalty is impressive.
_______________________________________
You don't know what I do know. And there is no reason for me to detail it further. My statements stand.
16
posted on
04/03/2009 6:34:11 PM PDT
by
wtc911
("How you gonna get back down that hill?")
To: SonOfDarkSkies
But his site is suspicious.
He has withdrawn...but his replacement staff is still incognito.
That presents a mystery when Larry Summers was handsomely compensated last year.
_______________________________________
If you knew anything about Shaw then none of this would be mysterious or suspicious.
btw...there are bios for each of the six CEOs at the site, do your homework.
17
posted on
04/03/2009 6:37:05 PM PDT
by
wtc911
("How you gonna get back down that hill?")
To: SonOfDarkSkies
David...is that you?;-)
______________________________________
I wish I had either his native intelligence or his money.
18
posted on
04/03/2009 6:39:32 PM PDT
by
wtc911
("How you gonna get back down that hill?")
To: SonOfDarkSkies
He should give the money paid to him by the bailout banks back to the government.....that is money that should be Obamas
(HWMBO)
19
posted on
04/03/2009 6:44:20 PM PDT
by
Michigan Bowhunter
(Democrat socialist liberal scumbags.....how did we let this happen!)
To: wtc911
Isn't this the site...and isn't
this where staff resumes would be?
If I have misjudged you and this guy, please forgive me...it is after all Friday night. I have no interest in being right...I only seek the truth!
20
posted on
04/03/2009 6:54:32 PM PDT
by
SonOfDarkSkies
("I am not your enemy...I only seek the truth")
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