(Washington Examiner) Liberal activists upset over the nomination of Antonio Weiss to a top Treasury post aren't just worried about his investment banking background. They also are raising alarms over the $20 million-plus bonus he would reap from his bank if he took the job.
"That is particularly galling," said Neil Sroka, a representative for Democracy for America, a progressive political group. The compensation arrangement "shows Wall Street's direct attempt to buy off someone who's regulating them," Sroka said.
Weiss' nomination to become Treasury undersecretary for domestic finance is already the subject of controversy thanks to vocal opposition from Sen. Elizabeth Warren, D-Mass.
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