Trump’s Pick for Sec. of Labor Will Resign as CEO if Confirmed
Some people complain Trump is appointing too many billionaires.
Who should he appoint? Unproven, unsuccessful people? Career politicians?
Trump is doing exactly what he promised on the campaign trail….appoint the most qualified, business professionals out there. And it’s amazing that many of them have left their incredibly lucrative jobs and sold all their assets just to serve the USA.
The latest is Andrew Puzder, who would step down from his huge fast food empire to help save the USA.
Here are the latest details just coming out from AP News:
President Donald Trump’s nominee for secretary of labor has proposed avoiding conflicts of interest by resigning as CEO of his fast food empire, selling off hundreds of holdings and recusing himself from government decisions in which he has a financial interest, according to his ethics filings with the government.
“I will not participate personally and substantially in any particular matter in which I know that I have a financial interest directly and predictably affected by the matter” without a waiver from government ethics officials, Andrew Puzder wrote in the nine-page filing, dated Tuesday and obtained by The Associated Press. Puzder is CEO of CKE Restaurants Inc., which owns such chains as Hardee’s and Carl’s Jr.
Puzder’s intent, spokesman George Thompson said, is to recuse himself from all matters involving CKE or its parent companies.
A spokesperson for Sen. Lamar Alexander, whose committee will handle Puzder’s confirmation hearing, confirmed that the panel had received the agreement with the Office of Government Ethics required of all presidential Cabinet nominees. His hearing was set for Feb. 16.
Democrats have questioned how well Puzder could advocate for American workers atop the agency charged with enforcing protections, given his business empire. They publicized several unflattering stories from current and former employees of Puzder’s company, and his hearing has been postponed several times. Puzder has said he opposes a big minimum wage hike, rules on overtime pay and other labor priorities.
He’s facing confirmation in a Senate atmosphere that’s become corrosive with opposition to some of Trump’s nominees.
Like several of the wealthy corporate figures who have joined Trump’s Cabinet and agreed to sell off their vast assets to eliminate possible conflicts of interest, Puzder promised in his ethics agreement that he would sell off his CKE Restaurant Holdings partnership stock shares to his company. Puzder estimated the worth of those stock holdings at between $10 million and $50 million, according to his financial disclosures.