Claim: As bank president, Alex Sink eliminated thousands of Florida jobs while taking over $8 million in salary and bonuses.
Verdict: SUPPORTS

Retrieved passages:
title: Alex Sink
text: Alex Sink Adelaide Alexander Sink (born June 5, 1948) is an American politician and financier. A member of the Democratic Party, Sink was the Chief Financial Officer for the state of Florida and treasurer on the board of trustees of the Florida State Board of Administration. She was the Democratic nominee for Governor of Florida and faced Republican nominee Rick Scott in the 2010 Florida gubernatorial election, losing to Scott by a 1% margin. Sink was the unsuccessful Democratic candidate in the special election, losing to Republican David Jolly on March 11, 2014, in a race to fill the vacancy

title: Alex Sink
text: was the Democratic candidate for Florida's office of Chief Financial Officer in 2006. She defeated Republican Tom Lee 53.5 percent to 46.5 percent. She also was the first Democrat elected to the state Cabinet since 1998. On August 30, 2010, Sink sent letters to the Florida Supreme Court and Florida Department of Management Services that preliminary findings warranted an audit via her DFS, Bureau of Auditing for excessive spending on the First District Court of Appeal of Florida courthouse, referred to as the "Taj Mahal" by judges around Florida as their districts are facing budget cuts. The CFO's office states

title: Alex Sink
text: making them the only married American couple to both run unsuccessfully in gubernatorial races. They have a son, Bert, and a daughter, Lexi. Sink is a former President of Florida Operations at NationsBank, now Bank of America. She was appointed by former Governor Lawton Chiles to the Commission on Government Accountability to the People, and also served on Chiles' Commission on Education. She was vice-chair of Florida TaxWatch. Sink has also served with the Florida Chapter of the Nature Conservancy, the Beth El Farm Workers Ministry, and as Chairman of the Board of the United Way of Hillsborough County. Sink

title: Bill McBride (politician)
text: and had "become known as a reputable, but flabby, operation, long on underproductive partners and comparatively short on workhorse associates." McBride was the father of two children with his wife, Adelaide "Alex" Sink, a former statewide president for NationsBank (now Bank of America), former Chief Financial Officer of Florida, and 2010 Democratic nominee for Governor of Florida. Since 2003, Bill McBride was partner with the law firm of Barnett, Bolt, Kirkwood, Long & McBride in Tampa. He was also chair of the board of the investment banking firm Hyde Park Capital Partners, LLC, with offices in Tampa and Charlotte, North

title: Alex Sink
text: that money may have been misused and as much as $16 million may have been spent in a financial raid on the state's Workers' Compensation Trust Fund. A $33.5 million bond for construction was attached to a transportation bill and passed on last day of the 2007 legislative session. There is an ongoing investigation by the CFO's office. Heading into the 2010 cycle, Sink was mentioned as a possible candidate for the U.S. Senate or for Governor of Florida. In 2008, Sink stated that she would "assess the landscape after the first of the year, and make a decision then."

title: Chief Financial Officer of Florida
text: a member of the Cabinet. Tom Gallagher was the first state CFO and a former Treasurer/Insurance Commissioner/Fire Marshal. Gallagher retired from the position in 2006 and Alex Sink (D), a Florida business executive and the wife of former Florida gubernatorial candidate Bill McBride, was elected on November 7, 2006. Alex Sink launched an unsuccessful campaign for governor in 2010, and was succeeded by Jeff Atwater. Chief Financial Officer of Florida The Chief Financial Officer of Florida is a statewide constitutional officer of Florida. The office was created in 2002 following the 1998 reforms of the Florida Cabinet. The CFO is

title: Alex Sink
text: district twice, and Sink had carried the district in her gubernatorial campaign against Scott. The race was close, with Sink taking 46.6 percent of the vote to Jolly's 48.4 percent. Sink supported the Patient Protection and Affordable Care Act (H.R. 3020) passed by the United States Congress and enacted on March 30, 2010. Alex Sink believes in the placement of children in a home where it is in the best interests of children regardless of gender preference. She addressed a group of 300 gay and lesbian advocates at the Museum of Art Fort Lauderdale. She said, "We need a system

title: Michael E. Arth
text: staged a photo opportunity after Scott's speech and flummoxed Scott by informing him that he (Arth) was also a gubernatorial candidate. Scott quickly ducked out of the building. Scott later won the Republican primary after spending an estimated $50 million of his own money. After the primaries, Alex Sink challenged Rick Scott to a series of five debates but, at an Orlando rally on August 28, brushed off a direct face-to-face challenge from Arth to debate. Eric Jotkoff, the Florida Democratic Party communications director, who had orchestrated attempts to freeze Arth out of the race, had Arth escorted out of

title: Michael E. Arth
text: the rally by a security guard. Rick Scott, for his part, ignored requests to debate from both candidates. Arth was so frustrated by the unwillingness of the major candidates to face off for the sake of public scrutiny that he proposed that debates among all candidates should be a condition of running for office. By the October 25, 2010 Tampa debate between Scott and Sink, Scott had spent $60 million of his own money on the campaign compared to Sink's $28 million. At the same debate, Arth and his running mate, Al Krulick, posed with standup cutouts of Alex Sink

title: Alex Sink
text: in September. On October 25, 2010, during a televised debate, Sink read a text message sent to her make up artist's cellular phone from a campaign official instructing Sink as to debate strategy, contrary to the rules of the debate. Sink fired the adviser who sent the text message. After a close election, Sink conceded, giving victory to Scott. He carried 49% of the vote, and she 48%. Republican Bill Young, who had represented the 13th District and its predecessors since 1971, died on October 18, 2013. On October 30, Sink told the "Tampa Bay Times" that she would run

title: 2010 Florida gubernatorial election
text: spent $78 million of his personal wealth in the race. Sink made an issue of Scott's connections to Columbia/HCA, a Medicare billing fraud scandal. One of the turning points in the campaign came during the debate. During a commercial break, Sink's make-up artist delivered a text message on her cell phone to Sink, in direct violation of the debate rules. The rules infraction was immediately pointed out by Scott and the debate moderators. Sink's team was accused of cheating during the debate, and the aide who delivered the message was fired from the campaign the next morning. Afterwards, media and

title: Ken Lewis (executive)
text: the Year in 2008. While CEO of Bank of America in 2007, Kenneth D. Lewis earned a total compensation of $20,404,009, which included an annual base salary of $1,500,000, a cash bonus of $4,250,000, stocks granted of $11,065,798, and options granted of $3,376,000. In 2008, he earned a total compensation of $9,003,467, which included a base salary of $1,500,000, stocks granted of $4,255,012, and options granted of $2,973,330. In 2009, he earned a total compensation of $32,171.00 accepting no salary, bonus, or stock options. To avoid a confrontation with Kenneth Feinberg, the U.S. Treasury's special master for compensation, Lewis decided

title: Kathleen Peters
text: in "pushing through a measure that eliminated a tax inequity affecting condominium owners." Ultimately, however, Peters was defeated by Jolly, who had consistently performed better than her in public polls and in terms of fundraising, and she received 31% of the vote to Jolly's 45% and Bircher's 24%. Jolly would go on to win the election against Alex Sink, the Democratic nominee and the former Chief Financial Officer of Florida. Kathleen Peters Kathleen M. Peters (born February 27, 1961) is a Republican politician and a former member of the Florida House of Representatives, representing the 69th District, which includes southern

title: Ken Lewis (executive)
text: to forgo salary or bonus in 2009. Lewis has taken home $148.8 million from cash and stock sales since taking over the bank in 2001, according to Equilar, a compensation research firm. Lewis left Bank of America with more than $135 million in retirement benefits, including the pension and $10 million in life insurance benefits, according to an analysis of corporate filings by James F. Reda & Associates, an independent consulting firm." On January 11, 2008, Lewis declared that Bank of America would buy Countrywide Financial for $4 billion stating that it was "rare opportunity" for the company. Bank of

title: Rick Scott
text: percent of the vote, compared to 43% voting for McCollum, with McCollum conceding the race after midnight. By the date of the Tampa debate between Scott and Sink (October 25, 2010), Scott had spent $60 million of his own money on the campaign compared to Democratic opponent Alex Sink's reported $28 million. Scott campaigned as part of the Tea Party movement. "The Fort Myers News Press" quoted Scott as saying in total he spent $78 million of his own money on the campaign, although other figures indicate he spent slightly over $75 million. He won in the general election for

title: Louis Vachon
text: November 2012, Vachon announced that the bank was letting go of nearly 300 jobs in order to tighten expenses and create a streamlined infrastructure. The move as well as an economic contraction had Moody's Investor Service drop the bank's credit rating down a level, projecting it might drop it two at the conclusion of the month. Despite the drop in credit rating, the bank stated that Vachon's vision for the future remained unchanged. His compensation totaled $7,618,503 in 2015, with a base pay of $1,083,333, with other compensation adding up to $6,344,803. Although he heads the 6th largest bank in

title: Florida Taj Mahal scandal
text: CFO Sink ordered a preliminary review of documentation supporting payments for the project which found cause for an audit. On August 30, 2010 Sink sent letters to the Florida Supreme Court and Florida's Department of Management Services that preliminary findings warranted an audit via her DFS, Bureau of Auditing for excessive spending on the First District Court of Appeal of Florida courthouse. The CFO's office stated that money may have been misused and as much as $16 million may have been spent after a financial raid on the state's Workers' Compensation Trust Fund. A $30 million bond for construction was

title: John Morgan (lawyer)
text: election. On November 24, 2017, he announced on Twitter that he was disillusioned with the current state of American politics and was leaving the Democratic Party to register as an independent. Morgan has pledged he would spend $1 million to raise Florida’s minimum wage to $15. Since December 2017, Morgan & Morgan, P.A. has donated $478,158 to the political committee Florida For A Fair Wage. Morgan and his wife Ultima made a two million dollar donation to the Second Harvest Food Bank of Central Florida. Morgan donated to Hillary Clinton's 2016 presidential campaign. John Morgan (lawyer) John Bryan Morgan (born

title: Ed Liddy
text: financial crisis. He requested a salary of just $1 per year. The restructuring of AIG that Liddy took on was one of the largest in U.S. corporate history. He and the AIG team developed a strategy to stabilize the company and its $1.2 trillion balance sheet; keep the company out of bankruptcy; repay with interest all money invested in the company by various U.S. government entities, which eventually totaled $182 billion; and keep the remaining business that would comprise AIG vital and competitive. The government bailout of AIG garnered national headlines in May 2009 when AIG, with the concurrence of

title: Kerry Killinger
text: of the subprime mortgage crisis, the board of directors removed Killinger as CEO on September 8, 2008. The Office of Thrift Supervision (OTS) seized Washington Mutual's banking divisions on September 25, 2008, and named the Federal Deposit Insurance Corporation as their receiver in the largest bank failure in the history of the United States. While CEO of Washington Mutual in 2007, Killinger earned a total compensation of $14,364,883. In 2008, he took home $25.1 million in compensation. Killinger received a $15.3 million severance payment in September 2008 "as well as a $445,200 lump-sum payment for vacation benefits and a $300,669