Fwd: Pritzker Alert
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WashingtonPost.com
Copyright 2013 The Washington Post
May 22, 2013
Section: in-the-loop
Obama nominee Penny Pritzker's $80 million mistake
President Obama's billionaire nominee to head the Commerce Department, Penny Prizker, understated her income by $80 million.
Emily Heil
Hey, these things happen: Penny Pritzker, President Obama's nominee to lead the Commerce Department, understated her income by some $80 million and had to file a correction to her government-filed disclosures, Bloomberg is reporting.
That might sound like a lot of money, but it's all relative. Pritzker, whose family founded the Hyatt hotel chain, is worth about $1.5 billion. So it's easy to see how a few million — or 80 — could go missing.
Maybe she left it in the other purse?
A spokeswoman told Bloomberg that the $80 million was "a substantial amount" and that Pritzker's advisers corrected the error as soon as they realized it.
Per Bloomberg: "Documents released last week show Pritzker received $32.2 million for a decade's worth of consulting on the restructuring of domestic trusts," but new filings indicated she made at least $80 million more than that.
Monice M. Kaczorowski
Chief Knowledge officer
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I clearly did something wrong in my last life to have to deal w this bullshit. AND I warned her.