X

Commerce secretary faces scrutiny for investments, not selling certain holdings

The following article by Steven Mufson was posed on the Washington Post website August 17, 2018:

Commerce Secretary Wilbur Ross Credit: Manuel Balce Ceneta, AP)

As commerce secretary, Wilbur Ross has met with auto executives who are customers of the company he founded and still had a financial interest in.

He has met with the chief executive of a rail car manufacturer whose board he once sat on and whose shares he still owned.

And according to a Forbes magazine article, even though he owned a $10 million to $50 million stake in the financial firm Invesco, where he had worked, he met with a board member of the Qatar Investment Authority, a sovereign wealth fund that had given Ross’s former firm money to manage.

View the complete article here.

Data and Research Manager: