- Mayor Rahm Emanuel on Friday appointed a Chicago hedge fund executive as the city's new comptroller to replace a former aide who faces federal corruption charges in Ohio.
Emanuel selected Daniel Widawsky, a managing director at Citadel LLC, to succeed Amer Ahmad in the cabinet-level position that oversees the city's collection and disbursement of funds and the Department of Finance. If approved by the City Council, Widawsky would start at City Hall on Jan. 31.
- Widawsky, 48, has donated $9,000 to Emanuel's campaign fund: $4,000 in February 2011 during the mayoral campaign and another $5,000 in September. For both contributions, he identified himself as a tax attorney.
Widawsky also has been an active contributor to federal campaigns, giving $7,500 to Republican Mitt Romney's presidential effort and $4,800 to Republican U.S. Sen. Mark Kirk. Since 2003, Widawsky has given $28,200 to federal campaigns: $10,850 to Democrats, $15,050 to Republicans and $2,300 to political action committees.
- Widawsky could not be reached for comment Friday. His current boss, Citadel founder Kenneth Griffin, has been one of Emanuel's largest campaign contributors. Griffin and his wife, Anne Dias Griffin, have contributed more than $200,000 to Emanuel's fund.
- Citadel LLC founder and CEO Ken Griffin criticized the Madigan proposal, which includes:
- raising state workers’ retirement age on a sliding scale
- setting up a state funding guarantee
- introducing a 401(k) option
- reducing the employee contribution.
- limiting annual cost of living increases to reflect annuity payments, based on length of employment
- providing authorization for unions to sue the state if the full amount required for pensions is not paid each year
- Griffin writes the deal will ultimately force the state of Illinois to break its promises to government workers. He says there's no way Illinois will be able to provide the pension security it says it will...