Transportation Secretary Still Owns Stock She Pledged to Divest

[mahatmakanejeeves]

Source: The Wall Street Journal.

POLITICS

Transportation Secretary Still Owns Stock She Pledged to Divest
Elaine Chao's shares in Vulcan Materials don't pose conflict, official says

By Ted Mann and Brody Mullins
May 28, 2019 5:32 a.m. ET

WASHINGTON--Transportation Secretary Elaine Chao has retained shares in a construction-materials company more than a year after the date she promised to relinquish them, federal disclosure forms show.

Shares of the company, Vulcan Materials Co., the country's largest supplier of the crushed stone, sand and gravel used in road-paving and building, have risen nearly 13% since April 2018, the month in which Ms. Chao said she would be cashed out of the stock, netting her a more than $40,000 gain, corporate and government filings...

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Hat tip, Walter Shaub:

Chao's *MAY* 15, 2018, disclosure reads: "The [Vulcan] cash payout will be determined based on the closing price of the company's common stock at the time payment is made April 2018." Do you see the timing issue?
Now WSJ says she rec'd stock in violation of her ethics agreement.

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Link to tweet

Transportation Secretary Elaine Chao still owns Vulcan Materials shares she had vowed to divest

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I'm sure @senatemajldr will get right on the investigation of his own wife in this entirely corrupt joke of an administration. #ITMFA

Link to tweet

[ancianita]

1. 45's crooks just can't help themselves, always hoping not to be tracked, or caught.

They sneak around, hide behind shows of respectability; cheat, obfuscate, lie, stall, make up new rules, capture those who make law so they can rig themselves around or above law.

Like rats hiding, eating away at the holdings of the ship called the Republic.

[Tech]

2. The greed and the corruption are mind boggling

[LogicFirst]

3. Another Republican who will not keep her promise. Not surprised.

[Astraea]

4. of course she does

corruption is almost a requirement to be part of this administration.