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Stephen Feinberg

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politics1 year ago•3 min saved

Trump Taps Billionaire Feinberg for Pentagon Deputy Role Amid Conflict Concerns

Donald Trump has reportedly asked Stephen Feinberg, a billionaire private equity investor with ties to the defense industry, to be deputy defense secretary, pending Senate approval. Feinberg's potential appointment raises concerns about conflicts of interest due to his firm's investments in defense contractors. Feinberg previously served on Trump's intelligence advisory board and has been a significant donor to Trump's campaigns. The nomination comes amid scrutiny of Trump's designated defense secretary, Pete Hegseth, who faces allegations of misconduct.

via The Guardian US|

#conflict-of-interest #defense #pentagon

politics1 year ago•1 min saved

Trump Taps Billionaire Feinberg for Pentagon Deputy Role Amid Controversy

President-elect Donald Trump has offered the position of deputy defense secretary to billionaire investor Stephen Feinberg, known for his investments in defense companies with lucrative Pentagon contracts. This move comes as lawmakers closely examine Trump's choice for defense secretary, Pete Hegseth. Feinberg's acceptance of the offer remains unconfirmed.

via The Washington Post|

#2024-election #defense-secretary #donald-trump

politics1 year ago•25 min saved

Trump Taps Billionaire Investor for Key Pentagon Role

President-elect Donald Trump has chosen billionaire investor Stephen Feinberg as his deputy Defense secretary, despite Feinberg's lack of experience in the agency and potential conflicts of interest due to his investments in defense-related companies. Feinberg, CEO of Cerberus Capital Management, has yet to accept the offer but is expected to do so. His appointment could complicate his role in the Pentagon, particularly in areas of budgeting and technology development, due to his firm's defense investments.

via POLITICO|

#conflict-of-interest #defense #pentagon