The Man Who Helped Burger King Ditch Its U.S. Citizenship
First, everyone knows Burger King, unlike some of the more obscure pharmaceutical brands that have reincorporated abroad in what are known as corporate inversions. Second, Antonio Weiss, nominated by President Obama for a post in the Treasury Department, advised Burger King on the merger as a banker at Lazard.
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In a speech last week, Sen. Elizabeth Warren (D-Mass.) railed against the practice of appointing former bankers to regulate the financial sector, and suggested that appointing Weiss to the Treasury would just be to add one more official who shares Wall Street’s point of view. Weiss will receive a reported $21 million from Lazard on his departure.
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