Over some period of time (5 years I think) yes. But for now his annual salary is $400k and he's getting a $400k cash payment up front. The rest is stock and cash to be payed annually as incentives. "His pay will jump from the $193,400 a year he earned as majority leader to a base salary of $400,000 a year to start.
He also will receive a $400,000 cash payment and $1 million in restricted stock that will vest in phases after his third, fourth and fifth anniversarieswith the company, according to a filing Tuesday with the Securities and Exchange Commission. Next year, he will receive a minimum incentive payment of $1.2 million in cash and $400,000 in restricted stock."
What is the problem with someone getting a negotiated salary? Is there some cap on what he should be able to make? He has a unique resume and experience that make him different than just about 99% of job seekers.
Right you are and not necessarily losing, basic retirement from the public payroll doesn't mean they aren't still involved.
http://www.opensecrets.org/revolving/top.php?display=Z
There is a sickening symbiotic relationship between Congress, lobbyists, Wall St, insurance companies, drug companies, etc.
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