Joshua Gotbaum, the former trustee of Hawaiian Airlines who successfully brought the carrier through a 26-month bankruptcy, was named today along with Michael J. Warren by President-elect Barack Obama to oversee the new administration's takeover of the Treasury Department as it manages the still-evolving $700 billion financial rescue plan.

Gotbaum brought Hawaiian out of Chapter 11 reorganization in June 2005 in a bankruptcy that was notable because the company was able to fully repay creditors. However, Gotbaum later rankled the company and its labor unions when he asked for an $8 million success fee on top of the nearly $1.2 million he received in salary for his two years as trustee. Bankruptcy Judge Lloyd Faris later reduced the $8 million request to $250,000.

The 57-year-old Gotbaum, son of New York labor leader Victor Gotbaum, worked briefly in the Carter administration before becoming a protege of the investment banker Felix G. Rohatyn at Lazard Freres & Co. He worked in the Clinton administration as a deputy secretary of defense, a deputy secretary of Treasury and controller of the Office of Management and Budget.