President-elect Joe Biden
Joe BidenBidens honors New York frontline employees: “We owe them, we owe them, we owe them” Trump Hotel in DC raises room rates for Biden’s inauguration The video shows long lines on the last day of early voting in Georgia MOREThe choice to head the Treasury Department made more than $ 1 million from speeches and collaboration with corporate clients, according to financial information released Thursday.
Janet Yellen
Janet Louise Yellen2021: The Year Debt Puppies Could Come Home to Relax in Biden’s Transition Says More Than Half of 100 WH Assistants Are Memo Colored People: Left Looks for Leverage to Move Biden, Nominated by Biden as secretary of the treasury, has made more than $ 7.2 million talking to Wall Street firms and corporations over the past two years, according to her financial disclosure form.
Election of the President-elect for Secretary of State, Anthony Blink
Antony Blinken: Biden’s choice to lead the US intelligence community, Mnuchin, said he spoke with Yellen, a nominee for the Biden Treasury. Next steps for foreign policy MORE, has earned nearly $ 1.2 million over the past two years by consulting with clients at WestExec Advisors, according to its financial disclosure.
The large sums of money raised by Biden’s Cabinet election could complicate progressive support for candidates during Senate confirmation hearings.
Yellen, whom progressives praised when Biden nominated her for a Treasury nomination, made millions of speech fees from Citi, Goldman Sachs, Google, City National Bank, UBS, Citadel LLC, Barclays, Credit Suisse, Salesforce and other. For Citi alone, she received $ 1 million for nine speeches, and for Citadel, a Republican donor-funded hedge fund, she received more than $ 800,000.
The potential secretary of the Treasury also promised to talk to the department’s ethics attorneys to “request written permission to participate personally and substantially in any particular issue” involving companies that have paid for it in the past year.
Meanwhile, the nominated secretary of state revealed the clients he worked with at WestExec Advisors, which included Blackstone, Bank of America, Facebook, Uber, McKinsey & Company, the Japanese conglomerate SoftBank, the pharmaceutical company Gilead, the investment bank Lazard, Boeing, AT&T , Royal Bank of Canada and LinkedIn.
In addition to the nearly $ 1.2 million made in the past two years, Blinken is expected to earn about $ 250,000 to $ 500,000 this year.
Its financial disclosure indicates that it intends to sell its stake in WestExec, worth between $ 500,000 and $ 1 million, and also sell its stake to its sister company WestExec Ventures, which amounts to $ 1 million to $ 5 million. of dollars.
A Biden a transitional official told Politico the team submitted the disclosure forms “in the middle of the week” and the Government Ethics Office posted them on New Year’s Eve.
The transition official joined Yellen’s financial past, saying, “Take a look at her law enforcement history – she’s not someone who punches when it comes to bad actors or bad behavior.”
“You can expect it to bring the same high ethical standards and a tough application philosophy to the Treasury,” the official added.
A spokesman for the transition said Yellen gave speeches “after several decades in the public service” to discuss “his experiences and views on what we can do as a country to build a stronger economy and increase our competitiveness.”
“Her experience and expertise are the reasons why President-elect Biden wanted her team working for him and on behalf of the American people to help us better rebuild from this economic crisis,” the spokesman said in a statement. for The Hill.
“It is clear that leaders in academia, business and the economy were looking for an informed and careful perspective on the economy in a chaotic time for the country, when there were few voices of confidence in the government,” they added.
Another candidate whose form of disclosure may present a problem is the potential director of national intelligence services Avril Haines, who was a director and consultant at WestExec. She reported $ 180,000 in “consulting fees” from data mining company Palantir.
A spokesman for the transition said in a statement that Haines “served as a consultant whose limited line of business focused primarily on company diversity and inclusion efforts, especially on increasing gender diversity.”
Updated: 12:53 p.m.