CNN.com outed Postmaster General Louis DeJoy for continuing to hold a stake in a company that the United States Postal Service uses as a contractor.
Reporting Wednesday, CNN revealed that DeJoy’s investment in XPO Logistics is a serious conflict of interest.
“Outside experts who spoke to CNN were shocked that ethics officials at the postal service approved this arrangement, which allows DeJoy to keep at least $30 million in XPO holdings,” said the report. “Raising further alarms, on the same day in June that DeJoy divested large amounts of Amazon shares, he purchased stock options giving him the right to buy new shares of Amazon at a price much lower than their current market price, according to the disclosures.” Continue reading.