[maggief]

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/06/AR2008110604006_pf.html

On his 2003 disclosure, he listed $9,678,775 from the firm

.............

http://www.nytimes.com/glogin?URI=http://www.nytimes.com/2008/12/04/us/politics/04emanuel.html&OQ=_rQ3D1&OP=2a6320e8Q2FmohQ3FmQ24_FlQ27__Q7BfmfkkZmQ26fmkQ25mAlmi_Q3CaQ7BaFlmkQ25h)Q2AbAhQ3CeQ23Q7B)Q3C

At Bank, Obama Aide Made Money and Ties
New York Times, The (NY) - Thursday, December 4, 2008
Author: MICHAEL LUO

EXCERPT

Mr. Emanuel ‘s biggest transaction came in late 1999 when he landed an advisory role for Wasserstein in the $8.2 billion merger of two utility companies, Unicom, the parent company of Commonwealth Edison, and Peco Energy, to create Exelon, now one of the nation’s largest power companies.

John W. Rowe, the former chief executive of Unicom who now holds the same position at Exelon, sought out Mr. Emanuel after he went to Wasserstein. Mr. Rowe said he believed Mr. Emanuel would offer a different dimension, providing wisdom on what might pass muster at the governmental level.

“You can’t understand utility transactions without thinking about whether they’ll play or not play in legal and political circles,” said Mr. Rowe, who was first introduced to Mr. Emanuel by Lester Crown, the billionaire scion of Chicago’s influential Crown family.

Tax returns Mr. Emanuel released while first running for office and reported in news articles, along with Congressional financial disclosures, reveal his steep financial ascent while working at Wasserstein. He earned more than $900,000 in 1999, his first year at the firm; nearly $1.4 million in 2000; and $6.5 million in 2001, when he left the firm in midyear to run for Congress. He collected $9.7 million more from the firm in deferred compensation in 2002.

Mr. Emanuel ‘s annual salary was not especially large but his hefty paydays came from bonuses for the business he brought in , as is customary in investment banking , along with the company’s sale in 2001 to the German Dresdner Bank, which allowed him to benefit from an equity stake, as well a large retention bonus paid to him based on his prior performance.

The bonanza Mr. Emanuel reaped would come in handy when he ran for the House seat vacated by Representative Rod R. Blagojevich, now governor.

Mr. Emanuel contributed $450,000 out of his own pocket to his campaign in the primary, and his leading rival accused him of trying to buy a seat in Congress.

[mewzilla]

Mentions the deal Emanuel got on his porperty taxes...

TWO-TIER TAX: PAYERS - AND BAM'S PLAYERS (limousine liberalism meets senatorial entitlement)

[maggief]

See also Commonwealth Edison/Axelrod/Obama connections

http://www.freerepublic.com/focus/f-news/2129244/posts

NRG rejects Exelon’s takeover bid (Obama/Axelrod connection)

[Timeout]

...as well a large retention bonus paid to him based on his prior performance.

Very interesting!

[Girlene]

From that same NY Times article, In Banking, Emanuel Made Money and Connections

......Confidants of Mr. Emanuel’s said he decided to try his hand at business because he wanted financial security for his family, before eventually returning to public service.

“He had a number in his head to make enough for the family,” said Ezekiel J. Emanuel, one of Rahm’s two brothers and a prominent bioethicist at the National Institutes of Health...........

So it seems Rahm wanted to make enough money (18 +MIL?) so that he would be financially secure, then come back to public life to mess with our security.

Also from that article, Rahm got one of those pesky "retention bonuses" that seem so "troubling"

....his hefty paydays came from bonuses for the business he brought in , as is customary in investment banking , along with the company’s sale in 2001 to the German Dresdner Bank, which allowed him to benefit from an equity stake, as well a large retention bonus paid to him based on his prior performance.

[STARWISE]

Emanuel’s 2009 Senate earmarks:

http://blogs.suntimes.com/sweet/2008/04/rahm_emanuels_fiscal_year_2009.html