Sen. Kelly Loeffler received a seven-figure compensation package on the way out of her lucrative job at the New York Stock Exchange’s parent company, a new report says.
The Georgia Republican received more than $9 million in stock and other awards when she left Intercontinental Exchange, where her husband is the CEO, The New York Times reported Wednesday.
The benefits included about $1.5 million in Intercontinental Exchange stock and options along with a stake in Bakkt, a subsidiary of the company that Loeffler ran, according to the paper. The value of that stake is uncertain but Intercontinental Exchange previously put its worth at roughly $7.8 million, the report says.
“It looks, feels and has the sweet aroma of a pure windfall,” executive compensation consultant Brian T. Foley told The Times.
A Loeffler rep did not immediately respond to a request for comment. But a spokesman told the Times that she “left millions in equity compensation behind to serve in public office to protect freedom, conservative values and economic opportunity for all Georgians.”
“The obsession of the liberal media and career politicians with her success shows their bias against private sector opportunity in favor of big government,” Loeffler spokesman Stephen Lawson told the paper.
Loeffler — who is facing a tough re-election battle this year — drew fire in March for selling millions of dollars in stocks after a January briefing on the coronavirus outbreak, which later caused global markets to plunge. She and her husband, Jeffrey Sprecher, later pledged to liquidate their individual stock holdings.
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