President Barack Obama's new chief of staff Bill Daley and incoming senior adviser David Plouffe have filed financial disclosure forms showing — no surprise — they're rich.
Daley reported getting more than $20 million in salary, bonuses and other income last year. Plouffe's haul was more modest: His salary and speaking fees topped $1.5 million in 2010.
Daley got much of his income from JPMorgan Chase & Co., where he was a top executive. Daley also served on the boards of directors for Boeing and Abbott Labs and owned shares of stock in both companies. Daley resigned his seats on the two boards after joining the White House in January.
The White House says Daley has divested all of his holdings in individual companies and reinvested the proceeds in "non-conflicting assets" such as diversified mutual funds. In addition, Daley can't participate in any White House matters dealing with JPMorgan, Boeing or Abbott Labs for two years.
Among the assets' Daley divested were 175,678 shares of JPMorgan stock. At Friday's closing price, that amount would be worth about $8.4 million. The value of Abbott and Boeing shares he sold, at Friday closing prices, would total about $2 million.
Plouffe's 2010 income included honoraria from 20 speaking engagements, where his payments ranged from $8,000 from the Young Presidents Organization Colorado, a networking and educational group for young business leaders, to $100,000 from MTN Nigeria, a telecommunications company.
Federal law requires certain top officials to file the disclosure forms annually. The White House made Plouffe's and Daley's available Friday.