Trump Nominates McConnell and Chao's Brother-In-Law to Lead Pension Agency
Source: Bloomberg
President Donald Trump nominated Gordon Hartogensis, a self-described entrepreneur who is Senate Majority Leader Mitch McConnell and Secretary of Transportation Elaine Chaos brother-in-law, to lead the federal agency that pays worker pensions when employers terminate their retirement plans.
Hartogensis helps govern his familys trust and is the CEO of Auric Technology, a closely held software company, according to his LinkedIn page. In making the announcement, the White House did not provide biographical information about him or answer questions about his relationship to Chao and McConnell, who are married. Hartogensis is married to one of Chaos sisters, according to a person familiar with the matter.
Email and phone messages left for Hartogensis at Auric were not returned.
If confirmed by the Senate, he would replace the current director of the Pension Benefit Guaranty Corporation, Tom Reeder, who was appointed by former President Barack Obama in 2015.
Read more: https://www.bloomberg.com/news/articles/2018-05-15/trump-nominates-mcconnell-brother-in-law-to-lead-pension-agency?utm_source=twitter&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-twitter-business&utm_content=business
JohnnyRingo
(18,581 posts)The potential for disaster is great on this one. If he's corrupt- and Trump nominated him for some reason- it would put a boat load of cash Trump and McConnell's fingertips. As a GM retiree I counted on this fund when the company filed for bankruptcy, something republicans protested.
This is a blue collar fund now overseen by people who consider it wasted money to union workers. Do the math on that.
Freethinker65
(9,929 posts)I am sure he will be able to mismanage and destroy his agency as effectively as Ms. DeVos, Mr. Carson, and Mr. Pruitt have done to theirs.
MGKrebs
(8,138 posts)Is there a Pussy Galore involved? Do they have a Shirley Bassey theme song?
NCjack
(10,279 posts)lagomorph777
(30,613 posts)I hope they're happy about that.
duforsure
(11,882 posts)yurbud
(39,405 posts)while a Trump crony collects their checks.
trof
(54,255 posts)This is NOT good.
MineralMan
(146,190 posts)mahatmakanejeeves
(56,886 posts)Updating this thread:
Posted Sept. 21, 2018, 11:12 AM
President Donald Trumps nominee to replace the current director of the Pension Benefit Guaranty Corporation will be considered by the Senate Finance Committee Sept. 27.
Trump nominated Gordon Hartogensis four months ago to head the PBGC, the agency that insurers corporate and union pension plans. The nomination kicked up controversy as Hartogensis is married to the sister of Transportation Secretary Elaine Chao who is married to Senate Majority Leader Mitch McConnell (R-Ky.).
Hartogensis lists his current occupation as trustee of the Hartogensis Family Trust on his LinkedIn profile and is a former CEO and co-founder of Texas-based information technology company Auric Technology LLC.
Senate Finance Chairman Orrin Hatch (R-Utah) announced the hearing Sept. 21. If confirmed, Hartogensis would replace current PBGC Director W. Thomas Reeder Jr., who has held the post for the past three years. The post as head of PBGC is a five-year position.
To contact the reporter on this story: Madison Alder in Washington at malder@bloomberglaw.com