Financial disclosure statements filed with the US Office of Government Ethics have revealed the earnings of the private practice lawyers nominated for top-level posts in US President Barack Obama's new administration. Eric Holder, Barack Obama's nominee for attorney general, made $3.3m (£2.3m) at Covington & Burling last year, an amount that includes deferred compensation. He stands to earn between $1m (£700,000) and $5m (£3.5m) from Covington as part of a separation agreement with the firm. Holder (pictured) also will receive a repayment of between $500,000 (£350,000) and $1m (£700,000) from Covington's capital account. Covington's retirement plan may also pay Holder up to $500,000. If, as expected, he is confirmed as attorney general, Holder's annual salary would be $196,700 (£137,300). Holder previously served as deputy attorney general during the Clinton administration.
January 30, 2009 at 06:47 AM
1 minute read
The original version of this story was published on Legalweek
Financial disclosure statements filed with the US Office of Government Ethics have revealed the earnings of the private practice lawyers nominated for top-level posts in US President Barack Obama’s new administration.
Eric Holder, Barack Obama’s nominee for attorney general, made $3.3m (£2.3m) at Covington & Burling last year, an amount that includes deferred compensation. He stands to earn between $1m (£700,000) and $5m (£3.5m) from Covington as part of a separation agreement with the firm.
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