Who makes $96,000 more than the governor?
-
- January
- 31
Comptroller What state employee makes almost $100,000 more than Eliot Spitzer is paid as governor?
  Raudline Etienne, who will be paid $275,00 a year as Chief Investment Officer for the $154 billion New York State Common Retirement Fund, Comptroller Thomas DiNapoli announced today.
The job is worth so much because Etienne will be in charge of one of the largest investment portfolios in the country – all of the assets the state is counting on to pay retirement benefits for hundresd of thousands of retirees of state and local governments.
 DiNapoli is the sole trustee of the fund, and therefore one of the largest single investors in the world. Most other large public funds are controlled by boards rather than individuals.
 Etienne formerly was a Connecticut-based condultant to public pension systems.
  The job has been vacant since last May when,David Loglisci, a holdover from the adminisration of former Comptroller Alan Hevesi, resigned. Prosecutors are probing charges that some investment fees from the fund were steered to a political ally of Hevesi. Hevesi quit in disgrace in December of 2006 after admitting using state resources to pay for his wife to be chauffeured around Queens and Westchester.
.
This entry was posted
on Thursday, January 31st, 2008 at 2:49 pm by Jay Gallagher.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: | 
Print This Post
| 
Email This Post
Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
