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        <title><![CDATA[Sen. Kelly Loeffler got $9 million ‘windfall’ from NYSE parent company]]></title>
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        <lastBuildDate>Wed, 06 May 2020 15:05:04 +0000</lastBuildDate>
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            <media:title type="html">Sen. Kelly Loeffler got $9 million ‘windfall’ from NYSE parent company</media:title>
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        <content:encoded><![CDATA[<p>Sen. Kelly Loeffler received a seven-figure compensation package on the <strong>way out of her lucrative job</strong> at the New York Stock Exchange&#8217;s parent company, a new report says.</p><p>The Georgia Republican received more than $9 million in stock and other awards when she left Intercontinental Exchange, where her husband is the CEO, <strong>The New York Times reported</strong> Wednesday.</p><p>The benefits included about $1.5 million in Intercontinental Exchange stock and options along with a stake in Bakkt, a subsidiary of the company that Loeffler ran, according to the paper. The value of that stake is uncertain but Intercontinental Exchange previously put its worth at roughly $7.8 million, the report says.</p><p>&#8220;It looks, feels and has the sweet aroma of a pure windfall,&#8221; executive compensation consultant Brian T. Foley told The Times.</p><p>A Loeffler rep did not immediately respond to a request for comment. But a spokesman told the Times that she &#8220;left millions in equity compensation behind to serve in public office to protect freedom, conservative values and economic opportunity for all Georgians.&#8221;</p><p>&#8220;The obsession of the liberal media and career politicians with her success shows their bias against private sector opportunity in favor of big government,&#8221; Loeffler spokesman Stephen Lawson told the paper.</p><p>Loeffler — who is facing a tough re-election battle this year — drew fire in March for <strong>selling millions of dollars</strong> in stocks after a January briefing on the coronavirus outbreak, which later caused global markets to plunge. She and her husband, Jeffrey Sprecher, later <strong>pledged to liquidate</strong> their individual stock holdings.</p>]]></content:encoded>
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