Even better: He got stock awards that, after a surge in shares during the pandemic, were worth an estimated $1.5 million by the time he divested in February. Austin received $328,000 in cash over the next three years from Tenet. The next month, the former general joined the board of Tenet Healthcare Corporation, a company that runs hundreds of hospitals and other healthcare facilities. In April 2018, he and his wife purchased a $2.6 million home in the D.C. With all this new money coming in, Austin decided it was time to spend. He served in that role until the day he became defense secretary, earning $411,000 in cash and about $500,000 in stock awards. Serving on a host of boards in retirement, he added millions more to his portfolio.įour months after joining that board, Austin added another position, becoming a director at steel manufacturer Nucor. Inside Austin’s Wallet The former general built up a valuable pension during 41 years in the Army. Over the almost-four years that he served on the board, he received at least $39,000 in compensation, according to his financial disclosure report and the nonprofit’s tax filings. Most of the outside directors at the Carnegie Corporation helped out for free, but Austin collected some money. In May 2017, Austin joined the board of a nonprofit called the Carnegie Corporation of New York, where he served alongside former ambassador Caroline Kennedy and PBS anchor Judy Woodruff. He also received equity awards ultimately worth an estimated $1.1 million. Over five years, Austin earned $643,000 in cash, according to an analysis of Securities and Exchange Commission filings. When United Technologies merged with Raytheon, a massive defense contractor, in April 2020, Austin stayed on as a director of the joint company. One month later, he joined the board of United Technologies Corporation, a $56 billion (sales) conglomerate with a presence in the aerospace and building industries. In August 2016, he became a director of Guest Services Inc., a hospitality management company.
#Monies def professional
In fact, Austin was about to transform into something of a professional board member. “I’m going to hold onto most of those stories so that I can tell them at the barber shop, where you’ll soon see me hanging out and playing checkers with the other old timers.” “I’m not going to stand up here and tell you war stories all day,” he said at the ceremony. The general retired with an elaborate sendoff, complete with soldiers marching, singing and playing instruments. Today, Austin’s pension is worth an estimated $1.8 million. By the time he left the military in 2016, he had earned a lucrative pension-which guarantees him about $15,000 a month, according to our calculations. Send us feedback about these examples.Nonetheless, Austin rose to some of the country’s most powerful posts. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'monetary.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. 2023 The banking woes have prompted bond traders to dramatically shift expectations for monetary policy. and eurozone inflation data for more clues on the path of monetary policy, as central banks try to balance the fight against inflation with instability in the financial system. 2023 Investors are looking ahead to this week's U.S. Desmond Lachman, National Review, 29 Mar. 2023 Like Powell, Lagarde is having to pursue a hawkish monetary policy to contain the highest inflation since the euro was launched while simultaneously managing banking-sector difficulties that need low interest rates for their resolution. 2023 The Fed’s Role The Fed’s own monetary policies have contributed to the stress.
2023 In the 15 years since, he’s repeatedly warned that the landmark Dodd-Frank Act of 2010, and the expansive monetary policies along the way, were inviting disaster. Kazuo Ueda pledged to keep monetary policy easy for now. 2023 Japanese stocks also got a broader boost Tuesday when new Bank of Japan Gov. Terry Savage, Orlando Sentinel, 15 Mar.
Recent Examples on the Web And the cost is not only monetary.
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