Jose Fernandez
Under Secretary for Economic Growth, Energy & the Environment
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $12.3 M - $38.6 M
Salary
  • salary
    Unknown

Financial Disclosure Details - OGE Form 278e (02/12/2021)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
New York, New York
Partner
Present
2
Bilbao, Spain, Outside U.S.
Independent Director
Present
3
Newark, New Jersey
Adjunct Professor of Law
Present
4
New York, New York
Director
6/2020
5
Newark, New Jersey
Member, Board of Trustees
Present
6
New York, New York
Member, Board of Trustees
Present

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Rutgers University School of Law
Salary
$3,772
2
Gibson Dunn & Crutcher LLP Cash Balance Plan
$500,001 - $1,000,000
None (or less than $201)
3
Gibson Dunn & Crutcher LLP Capital Account
$250,001 - $500,000
None (or less than $201)
4
Gibson Dunn & Crutcher LLP Self Insurance Reserve,
$15,001 - $50,000
None (or less than $201)
5
Gibson Dunn & Crutcher LLP Defined Benefit Plan. (Value not readily ascertainable.) I am currently eligible to receive $12,299.87 per month upon my departure from the firm.
None (or less than $201)
6
Gibson Dunn & Crutcher LLP (law firm) anticipated partnership share
$100,001 - $250,000
None (or less than $201)
7
Gibson Dunn & Crutcher LLP (law firm)
Partnership Distribution
$2,436,280
8
Iberdrola S.A. (Fees received for services provided in 2019 and paid in 2020)
Director Fees
$302,590
9
Iberdrola S.A. (For 2020 and 2021)
Stipend
$55,016
10
Gibson Dunn & Crutcher LLPDefined Contribution Plan

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
New York, New York
I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my departure.
10/2013
2
New York, New York
The firm will distribute my share of the partner cash balance plan within 120 days of my departure. The firm will not make further contributions after my departure.
10/2013
3
New York, New York
Pursuant to the partnership agreement the firm will return my capital account within 90 days of my departure. The total amount of the payment will be calculated as of the date of my departure.
10/2013
4
New York, New York
Pursuant to the partnership agreement, the firm will return my self insurance reserve within 90 days of my departure subject to the approval of the managing partner. The total amount of the payment will depend on any costs incurred by the firm relating to defending claims made against the firm or any settlements paid.
10/2013
5
New York, New York
I will continue to participate in this defined benefit plan. I will receive monthly payments after my departure. Pursuant to the firm's partnership agreement, the payments will be fixed during my government service. These payments will also be fixed for one year after the end of my government service. Subsequent payments to me under the defined benefit plan will not share in fees received by the firm for services performed by the firm during my government service in particular matters in which the United States is a party or has a direct and substantial interest.
10/2013
6
New York, New York
Pursuant to the terms of the partnership agreement, I will receive my final partnership share in one lump-sum payment within 90 days of my departure from the firm. The total amount of the payment will be calculated as of the date of my departure. This calculation includes: (1) the firm’s actual earnings for 2020; (2) my predetermined share of firms 2021 earnings; and (3) the number of days in 2021 that I was with the firm, minus the amount I have already been paid in 2021 at the time of my departure.
10/2013
7
Bilbao, Spain
Pursuant to the terms of the company's remuneration policy, I am currently entitled to receive my annual director's fees for services I provided to the Board in 2020 and for a pro rata portion of 2021. These fees will be paid to me on or before July 30, 2021. Additionally, I am entitled to receive a stipend of € 2,000 for each Director and/or Audit Committee meeting that I attend during the calendar year. Stipends for meetings that I attend are paid to me monthly.
2/2015
8
Bilbao, Spain
Pursuant to Section 4.3 of the Iberdrola S.A. Directors Remuneration Plan, nonexecutive directors in good standing who resign for reasons "not exclusively voluntary" are subject to a noncompete obligation in the private sector during their remaining term as directors or two years (whichever period is shorter). As consideration for this noncompete obligation, such directors are entitled to a payment of 90% directors fees they would have received during the remainder of their term, not to exceed two years. This amount is € 455,400 and will be paid before I assume the duties.
2/2015

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
New York, New York
Law firm partner
2
Bilbao, Spain
Member Board of Directors
3
Manama, Bahrain
Legal services
4
Palo Alto, California
Legal services
5
Charleston, South Carolina
Legal services
6
Charleston, South Carolina
Legal services
7
Milano, Italy
Legal services
8
Doral, Florida / Tegucigalpa, Honduras
Legal services
9
San Ramon, California
Legal services
10
Santa Domingo, Dominican Republic
Legal services

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
Baruch College-City University of New York
Salary
2
Baruch College Fund
Monthly Stipend
3
Bloomberg LP (for articles)
Honoraria
$8,000
4
Harper’s Magazine (for article)
Honoraria
$8,000
5
Retirement Savings Account
5.1
CREF Stock R3
$100,001 - $250,000
None (or less than $201)
5.2
CREF Growth R3
$100,001 - $250,000
None (or less than $201)
5.3
CREF Equity Index R3
$100,001 - $250,000
None (or less than $201)
5.4
CREF Global Equities R3
$50,001 - $100,000
None (or less than $201)
5.5
TIAA Access Growth and Income Fund
$15,001 - $50,000
None (or less than $201)

Other Assets and Income

#
Description
Value
Type
Amount
1
Brokerage Acct #1
1.1
American Express Co. (AXP)
$15,001 - $50,000
Dividends
$201 - $1,000
1.2
Cisco Systems, Inc. (CSCO)
$1,001 - $15,000
None (or less than $201)
1.3
Citigroup, Inc. (C)
$1,001 - $15,000
None (or less than $201)
1.4
eBay, Inc. (EBAY)
$1,001 - $15,000
None (or less than $201)
1.5
General Electric Co. (GE)
$1,001 - $15,000
None (or less than $201)
1.6
JetBlue Airways Corp. (JBLU)
$15,001 - $50,000
None (or less than $201)
1.7
Toyota Motor Corp
$1,001 - $15,000
None (or less than $201)
1.8
Columbia Contrarian Core Fund Institutional Class Shares (SMGIX)
$1,001 - $15,000
None (or less than $201)
1.9
Laudus International MarketMasters Fund (SWMIX)
$50,001 - $100,000
None (or less than $201)

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
Nothing reported in this section

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
2
8
Income amount in euros is € 253,000.
2
9
Income amount in euros is € 46,000.
4
35
Client was the subject of a non-public investigation.
5
3
Bloomberg Articles published 2020-2021 ($500.00 per article) Outdoor Classrooms Shouldn't End With the Pandemic March 1, 2021 Amanda Gorman Showed Why Schools Should Teach Poetry January 23, 2020 Democracy Needs to Be Taught in School Jan. 14, 2021 Education Secretary’s First Task: Curb Standardized Tests December 23, 2020 Put Civics Back in the Classroom, Right Now November 28, 2020 Keep New York City Schools Open November 17, 2020 California Ethnic Studies Plan Undercuts Itself September 30, 2020 Lessons From New York City’s School-Reopening Fiasco September 8, 2020 Opening Campuses Is Risky. The Alternative Is Worse. July 21, 2020 U.S. Schools Must Reopen. Are You Listening, New York? July 7, 2020 Good Riddance, SAT. I Always Ignore You Anyway. May 28, 2020 Don't Forsake Poor Schoolchildren, Even in a Pandemic May 12, 2020 Schools Aren’t Ready for Online Learning March 31, 2020 Wouldn’t Now Be a Great Time to Have School Nurses? March 9, 2020 Betsy DeVos’s Voucher Boondoggle Feb. 18, 2020 School Wars Are Over in Massachusetts. Everybody Won. January 16, 2020
5
4
Date of honorarium is October 23, 2019.
6
8
Reported income figures for the underlying assets of the Fidelity accounts in this report are estimates. Final 2020 income for these assets was not available as of the filing date

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