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LA ‘Recovery Chief’ Steve Soboroff Drops $500K Salary, Agrees to Work for Free After Grenell’s Exposé

by Townhall
February 10, 2025
in Aggregated, News
LA 'Recovery Chief' Steve Soboroff Drops $500K Salary, Agrees to Work for Free After Grenell's Exposé

Steve Soboroff, Los Angeles’ “Recovery Chief,” agreed to work without pay after Special Envoy Ric Grenell, Trump’s White House representative in California, exposed his $500,000 salary. The revelation sparked public outrage, prompting Soboroff to forgo his compensation in a bid to quell the backlash. The controversy comes as Soboroff oversees the city’s recovery efforts, with many questioning the large salary in light of residents’ ongoing challenges.

Facing criticism over his hefty $500,000 salary for just 90 days of work—money he would have earned from the misfortune of L.A. residents—Soboroff has backed down and agreed to work for free. Democrat L.A. Mayor Karen Bass confirmed he would receive no compensation, which would have been funded entirely by charitable organizations.

“Steve is always there for LA. I spoke to him today and asked him to modify his agreement and work for free. He said yes. We agree that we don’t need anything distracting from the recovery work we’re doing,” Bass said in a statement.

Soboroff, appointed last month as Bass’s wildfire recovery czar, was brought in to boost Bass’s political career after her initial response to the emergency drew nationwide criticism. Although the mayor’s office declined to disclose which organizations would fund Soboroff’s salary, critics found it “infuriating” that Bass had even considered that option.

L.A. City Councilmember Monica Rodriguez deemed it “obscene” that philanthropic organizations would allocate $750,000 for only two individuals—$500,000 for Soboroff and $250,000 for real estate executive Randy Johnson, who will oversee rebuilding efforts under Soboroff’s leadership. […]

— Read More: townhall.com






At Last, a Company With Integrity in the Gold IRA Industry

For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.

I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.

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  • Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
  • Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
  • No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.

Reach out to Augusta Precious Metals to learn more about protecting your wealth and retirement with physical precious metals.

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