Elected President Joe Biden
Joe BidenBidens honors frontline workers in NYE address: ‘We owe them, we owe them, we owe them’ Trump hotel in DC raises room rates for Biden inauguration.The decision to lead the treasury division earned more than $ 1 million from speeches and working with corporate clients, according to financial disclosures released Thursday.
Janet Yellen
Janet Louise Yellen2021: The year in which the debt chickens may come home to preserve Biden transition says more than half of the 100 WH aid workers are colored., Biden’s nominated secretary of the treasury, has spoken more than $ 7.2 million to Wall Street businesses and corporations over the past two years, according to her financial disclosure form.
The election of the President as Secretary of State, Antony Blinken
Antony Blinken Meets Biden to lead the American intelligence community Mnuchin, says he spoke to Biden Treasury nominee Yellen Next steps for foreign policy MORE, has earned nearly $ 1.2 million over the past two years by consulting clients at WestExec Advisors, according to its financial disclosure.
The large sums of money raised by Biden’s cabinet collections could hamper progressive support for the nominees during the Senate confirmation hearings.
Yellen, who praised her predecessors when Biden nominated her as the treasurer, has earned millions of speeches from Citi, Goldman Sachs, Google, City National Bank, UBS, Citadel LLC, Barclays, Credit Suisse, Salesforce and others. For Citi alone, she received $ 1 million for nine speeches, and for Citadel, a hedge fund set up by a Republican donor, she received more than $ 800,000.
The potential treasury secretary also promised to speak to the department’s ethics lawyers to ‘request written authorization to participate personally and materially in any specific matter’ involving businesses that paid her over the past year.
Meanwhile, the nominated foreign minister has announced the clients he has worked with at WestExec Advisors, including Blackstone, Bank of America, Facebook, Uber, McKinsey & Company, the Japanese conglomerate SoftBank, the pharmaceutical company Gilead, the investment bank Lazard, Boeing. , AT&T, the Royal Bank of Canada and LinkedIn.
In addition to the nearly $ 1.2 million made over the past two years, Blinken is expected to earn $ 250,000 to $ 500,000 this year.
Its financial announcement indicates that it intends to sell its stake in WestExec, between $ 500,000 and $ 1 million, and also to sell its stake in its sister company WestExec Ventures, which amounts to between $ 1 million and $ 5 million.
‘N Biden transition officer told Politico the team submitted the disclosure forms ‘mid-week’ and the Government Ethics Office posted them on New Year’s Eve.
The official of the transition stood by Yellen’s financial past and said: ‘Look at her record on enforcement – this is not someone who beats when it comes to bad actors or bad behavior.’
“You can expect her to bring the same high ethical standards and strict enforcement philosophy to the treasury,” the official added.
A spokesman for the transition said Yellen had given speeches “after several decades in the public service” to share her experiences and her views on what we as a country can do to build a stronger economy and increase our competitiveness. discuss.
“Her experience and expertise are the reasons why President Biden wants her to work with his team and on behalf of the American people to help us build better out of this economic crisis,” the spokesman said in a statement to The Hill.
“It is clear that leaders in academia, business and economics have sought informed, thoughtful insight into the economy during a chaotic time for the country when there were few trusted voices in government,” they added.
Another nominee whose form of disclosure could be a problem is the potential director of national intelligence, Avril Haines, who was a principal and consultant at WestExec. She reported $ 180,000 in ‘consultation fees’ from data mining company Palantir.
The transition spokesman said in a statement that Haines ” served as a consultant whose limited scope of work was primarily focused on the diversity and inclusion efforts of the business, particularly to increase gender diversity. ‘
Updated: 12:53 pm