Rex Tillersons stocks shot up $9 million after he was tapped as Trump secretary of state

[yallerdawg]

President-elect Donald Trump's nominee for Secretary of State, Rex Tillerson, has deep conflicts that are hostile to America's interests, which do not stop with his ties to the Russian government: He also possesses an ExxonMobil nest egg worth hundreds of millions of dollars.

Source: Shareblue, by Tommy Christopher

President-elect Donald Trump’s pick to lead the State Department already faces stiff opposition over his relationship with Russia, including a $500 billion deal with Russian government-owned Rosneft. Beyond that, though, ExxonMobil CEO Rex Tillerson also faces conflicts surrounding his stock holdings and pension plan that look to be nearly impossible to untangle.

Tillerson currently holds 2,618,856 shares of ExxonMobil stock, a portfolio worth $233,078,184.00 as of the Friday before Tillerson’s selection was reported. By closing time the following Monday, they had shot up more than $5 million to $238,289,707.44, and gained another $4.1 million by the end of the day when his selection was officially announced.

In addition to the stocks, Tillerson has an ExxonMobil pension worth nearly $70 million.

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As Forbes notes, if Tillerson sells only the shares he actually owns, he will head the State Department while knowing that a hundred million dollars or so of ExxonMobil stock await him down the road — a consideration that could potentially influence an unimaginable number of State Department decisions and policies, as energy resources figure prominently in U.S. foreign policy.

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More at: http://shareblue.com/rex-tillersons-stocks-shot-up-9-million-after-he-was-tapped-as-trump-secretary-of-state/

[Yavin4]

1. If sanctions are removed from Russia, Exxon will make $500 billion

But Hillary gave speeches for money once, so there's that.

[DK504]

4. So did Ghoulini

and earned $11 million in one year. But Hillary makes money over 4 years and she's a Jezebel. UGH.

The offices are going to the highest bidder with eh best insider contacts. Yeah, that'll help us.

[rzemanfl]

2. And he can get around paying captial gains tax. Trump hasn't even taken office

and already my asshole aches. 15% of just the nine million is $1,350,000.

[spanone]

3. all these guys in the trump cabal are winning the lottery

[yallerdawg]

5. Legal - seeking financial security after decades of ethical public service.

Illegal - using public service for personal financial enrichment.