News

Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect

todayNovember 28, 2024 11

Background
share close

Moving from a Wall Street corner office to a DC corner office comes at a cost: For a top financier who’s been asked to run the Treasury Department, say, you could be looking at a pay cut of tens of millions of dollars a year. On top of that, you’d have to offload any stock holdings that create a potential conflict of interest with the new gig.

​ Moving from a Wall Street corner office to a DC corner office comes at a cost: For a top financier who’s been asked to run the Treasury Department, say, you could be looking at a pay cut of tens of millions of dollars a year. On top of that, you’d have to offload any stock holdings that create a potential conflict of interest with the new gig. Read More Breaking News, Latest News and Videos | CNN 

Written by:

Rate it