Citi's Government-Job Bonus For Jack Lew

It's not uncommon for a U.S. Treasury Secretary to have served on Wall Street, but what's interesting about this next one is that his bank gave him a pretty significant financial incentive to do so.
The Senate Finance Committee will vote Tuesday on President Obama's nomination of White House Chief of Staff and former Citi executive Jack Lew for the top job at the U.S. Treasury.

Lew left Citi in 2009 to become the Deputy Secretary of State.

At Lew's recent confirmation hearing for Treasury Secretary, an interesting detail about his employment contract with Citi emerged: a bonus meant to keep him at Citi – meaning he wouldn't get it if he quit – would still be granted on the condition that he left the bank for a "high level" position in the federal government.

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