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The Honolulu Advertiser
Updated at 2:51 p.m., Thursday, November 13, 2008

Former Hawaiian Air trustee on Obama's transition team

Advertiser Staff

Former Hawaiian Airlines trustee Joshua Gotbaum has been named to President-elect Barack Obama's transition team to review the Department of Treasury.

The 57-year-old Gotbaum served as Hawaiian's court-appointed trustee from July 2003 to June 2005 while the state's largest airline operated under bankruptcy protection.

Gotbaum and Michael Warren, chief operating officer of Washington, D.C.-based consultant Stonebridge International LLC, will provide guidance on policy, budget and personnel decision on the department, which is managing the $700 billion financial rescue plan.

Gotbaum, who worked in the Clinton White House, most recently was a partner of the private equity firm Blue Wolf Capital Management.

At Hawaiian, he successfully steered the company through a complex bankruptcy. But he attracted criticism from the public when he asked for an $8 million bonus, or "success fee," at the conclusion of the reorganization.

U.S. District Judge Robert Faris reduced his fee request to $250,000.