State Treasurer candidate Dan Bohrod issue a statement yesterday criticizing the announcement that dozens of employees of the Wisconsin Investment Board will receive bonuses, despite the fact that the state’s Pension Fund lost $26 billion in value since the economic downturn:
MADISON–State Treasurer candidate Dan Bohrod today blasted the announcement that dozens of employees of the Wisconsin Invesment Board will receive bonuses, despite the Pension Fund’s loss of $26 billion.
Bohrod, who recently announced his candidacy for State Treasurer, called the bonuses “outrageous, and something that as State Treasurer I’ll work hard to eliminate.”
“Don’t get me wrong,” said Bohrod, “the Investment Board does a superb job, and its employees should be well-compensated. But, they are public servants, and bonuses have no legitimate role anywhere in the public sector. We’ve seen on Wall Street that bonuses have been more corrupting than they are inspiring. This sends the completely wrong message to taxpayers and undermines the public‘s confidence in its government. It‘s got to stop.”
In September, Bohrod declared his candidacy as a Democratic for State Treasurer. He will face incumbent Dawn Marie Sass in a primary in September, 2010.