Jose Fernandez
Under Secretary for Economic Growth, Energy & the Environment
Observations
- Millionaire
Estimated Net Worth
- $12.1 M - $37.4 M
Salary
- Unknown
Employment
- Started 08/06/2021
Financial Disclosure Details - OGE Form 278e (08/15/2022)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
1 | New York, New York | Partner | 8/2021 | |
2 | Bilbao, Spain, Outside U.S. | Independent Director | 8/2021 | |
3 | Newark, New Jersey | Adjunct Professor of Law | 8/2021 | |
4 | Newark, New Jersey | Member, Board of Trustees | 8/2021 | |
5 | New York, New York | Member, Board of Trustees | 8/2021 |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Rutgers University School of Law | Salary | $678 | |
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 | None (or less than $1,001) | $100,001 - $1,000,000 | |
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) | Partnership Distribution and Defined Benefit Payments | $128,156 | |
7 | Iberdrola S.A. (For 2021) | Stipend | $35,100 | |
8 | Gibson Dunn & Crutcher LLP Defined Contribution (Retirement) Plan | |||
8.1 | Vanguard Short Term Bond Index | $50,001 - $100,000 | None (or less than $201) | |
8.2 | Vanguard Total Bond Market | $50,001 - $100,000 | None (or less than $201) |
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 (retirement) plan. The plan sponsor will not make further contributions after my departure. | 10/2013 | |
2 | New York, New York | The firm ceased making contributions after my departure and has returned control of the accumulated cash balance to me. I have elected to keep the cash balance deposited with the firm, but can move the balance to another financial institution at my discretion. | 10/2013 | |
3 | New York, New York | Pursuant to the partnership agreement, the firm will return my self insurance reserve following the third anniversary date 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 | |
4 | New York, New York | As stated in the Disclosure Report filed on February 12, 2021, I continue to participate in this defined benefit plan. I receive monthly payments after my departure. The payments are 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 | |
5 | New York, New York | Pursuant to the terms of the partnership agreement, I received my final partnership share, calculated as of the date of my departure. This calculation included: (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. In addition to the departure share amount stated in Part 2, Item 6, I received a catch-up distribution for 2021, based on the formula set forth in the preceding sentence, which was paid in January 13, 2022 in the amount of $22,571.21. | 10/2013 | |
6 | New York, New York | Pursuant to the partnership agreement the firm returned my capital account. The total amount of the payment was calculated as of the date of my departure. | 10/2013 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
Nothing reported in this section | |||
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 | $7,000 | |
4 | Retirement Savings Account | |||
4.1 | CREF Stock R3 | $100,001 - $250,000 | None (or less than $201) | |
4.2 | CREF Growth R3 | $100,001 - $250,000 | None (or less than $201) | |
4.3 | CREF Equity Index R3 | $100,001 - $250,000 | None (or less than $201) | |
4.4 | CREF Global Equities R3 | $100,001 - $250,000 | None (or less than $201) | |
4.5 | TIAA Access Growth and Income Fund | $15,001 - $50,000 | None (or less than $201) | |
4.6 | TIAA Access Lazard International Equity 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) | None (or less than $1,001) | Dividends Capital Gains | $15,001 - $50,000 |
1.2 | Cisco Systems, Inc. (CSCO) | None (or less than $1,001) | Dividends Capital Gains | $1,001 - $2,500 |
1.3 | eBay, Inc. (EBAY) | None (or less than $1,001) | Dividends Capital Gains | $5,001 - $15,000 |
1.4 | JetBlue Airways Corp. (JBLU) | $1,001 - $15,000 | None (or less than $201) | |
1.5 | Toyota Motor Corp | $1,001 - $15,000 | None (or less than $201) | |
1.6 | Columbia Contrarian Core Fund Institutional Class Shares (SMGIX) | $15,001 - $50,000 | $1,001 - $2,500 | |
1.7 | Laudus International MarketMasters Fund (SWMIX) | $50,001 - $100,000 | $5,001 - $15,000 | |
1.8 | Paypal Holdings Inc (PYPL) | $15,001 - $50,000 | None (or less than $201) | |
1.9 | US. Bank Sweep Account (cash) | $50,001 - $100,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
1 | METROPOLITAN TRANSN AUTH N Y REV CLIMATE 05.00000% 11/15/2039 | Purchase | 10/14/2021 | $15,001 - $50,000 |
2 | NEW YORK N Y CITY MUN WTR FIN AUTH WTR 05.00000% 06/15/2041 | Purchase | 10/14/2021 | $1,001 - $15,000 |
3 | NEW YORK N Y CITY MUN WTR FIN AUTH WTR 05.00000% 06/15/2033 | Purchase | 12/10/2021 | $15,001 - $50,000 |
4 | NEW YORK N Y CITY TRANSITIONAL FIN 05.0000% 11/1/2038 | Purchase | 10/14/2021 | $15,001 - $50,000 |
5 | PORT AUTH N Y & N J CONSOLIDATED BDS 05.00000% 11/1/2034 | Purchase | 10/18/2021 | $15,001 - $50,000 |
6 | DUTCHESS CNTY N Y LOC DEV CORP REV BDS 05.00000% 07/01/2024 | Purchase | 12/10/2021 | $15,001 - $50,000 |
7 | NEW YORK ST DORM AUTH REVS NON ST 05.00000% 07/01/2031 | Purchase | 12/10/2021 | $15,001 - $50,000 |
8 | TRIBOROUGH BRDG &TUNL AUTH N Y REVS 05.00000% 11/15/2032 | Purchase | 12/10/2021 | $1,001 - $15,000 |
9 | NEW YORK ST TWY AUTH GEN REV BDS SER. N 05.00000% 01/01/2033 | Purchase | 10/18/2021 | $1,001 - $15,000 |
10 | PORT AUTH N Y & N J CONSOLIDATED BDS 05.00000% 07/15/2033 | Purchase | 10/14/2021 | $1,001 - $15,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
1 | American Express | $10,001 - $15,000 | 2021 | Monthly |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
2 | 5 | All income from Gibson Dunn, including defined benefit payments, reported as single entry line Line 6. |
2 | 7 | The income amount shown on this line is stated in US dollars. The payments were made by Iberdrola in Euros, and for purposes of this statement have been converted to US dollars at the rate of Euro 1.17 per US dollar, which was the approximate exchange rate on the date of payment. The actual gross payment made by Iberdrola for this line was Euros 30,000. |
2 | 10 | The income amount shown on this line is stated in US dollars. The payments were made by Iberdrola in Euros, and for purposes of this statement have been converted to US dollars at the rate of Euro 1.17 per US dollar, which was the approximate exchange rate on the date of payment. The actual gross payment made by Iberdrola for this line was Euros 253,000. |
2 | 11 | The income amount shown on this line is stated in US dollars. The payments were made by Iberdrola in Euros, and for purposes of this statement have been converted to US dollars at the rate of Euro 1.17 per US dollar, which was the approximate exchange rate on the date of payment. The actual gross payment made by Iberdrola for this line was Euros 525,598. |
5 | 5.1 | Stock has been sold |
5 | 5.3 | Fund has been sold |
6 | 1.8 | Inadvertently omitted from nominee report. Current value below de minimis level. |
6 | 8.46 | Fund has been sold |
6 | 8.47 | Fund has been sold |
6 | 9.49 | Fund has been sold |
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