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President Obama's nominee for deputy secretary of state has earned more than $8 million in salary and bonuses since January 2009 as an executive at a Wall Street bank that received a federal bailout.
Thomas R. Nides, a six-figure fundraiser for Hillary Rodham Clinton during her 2008 presidential run, disclosed his compensation from Morgan Stanley in a recent filing with the U.S. Office of Government Ethics.
Mr. Nides, the company's chief operating officer, also said he remains eligible for additional bonus money at Morgan Stanley, which repaid its share of the federal bailout last year.
Mr. Nides is well-connected politically. According to the watchdog group Public Citizen, he raised at least $100,000 for Mrs. Clinton's 2008 campaign and election records show he personally donated tens of thousands of dollars to other federal politicians, including Mr. Obama.
Craig Holman, legislative director for Public Citizen, said money is the most effective way to befriend a politician and to gain access and appointments.