[QUOTE=Reuters]
Exxon Mobil Corp and Rex Tillerson agreed to sever all ties to comply with conflict-of-interest requirements as the company’s former chairman and chief executive awaits confirmation as U.S. secretary of state.
If his appointment is confirmed, the value of more than 2 million deferred Exxon Mobil shares (worth about $182 million at Tuesday’s closing price) that Tillerson would have received over the next 10 years will be transferred to an independently managed trust, the company said in a statement.
The share awards will be canceled and Tillerson will also surrender entitlement to more than $4.1 million in cash bonuses, scheduled to pay out over the next three years, and other benefits, Exxon Mobil said.
Separately, Tillerson also committed to the State Department that, if confirmed, he would sell the more than 600,000 Exxon shares he currently owns, the company said.
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Also, he has vowed to forget he ever worked for ExxonMobil, and assured the public that he would never, NEVER do anything that would profit this company, no sir!
Kinda like the way “Big” Dick Cheney cut all his ties to Halliburton. OK, he let them build some showers, I guess some folks found that shocking. Soldiers, mostly.
Off the top of my head, I would say conflict of interest regulations, insider trading laws and professional penalties on whoever is running the fake blind trust?
So then your real musing was “I’ve always wondered whether people running blind trusts are put under constant surveillance”? :dubious: Hey, I’ve always wondered what’s to stop people from setting mailboxes on fire. They can’t guard them all!
The self parking option in my car that parallel parks without driver assistance is a feature. If in the process of parking it plows into the car ahead and behind to make room, it would be a bug. Trump is the latter and we shouldn’t hand wave it away as just the SOP of the 2017 model.
I didn’t hand-wave it away. People are acting surprised. He was elected precisely because he offered something different. That is, apparently, what our esteemed fellow citizens wanted.
However, I’m actually OK with Tillerson now. I wasn’t too keen on him at first, but as I learned he was actually recommended by Robert Gates (whom I admire quite a bit), I changed my mind.
So you are saying that the Democrats are more obstructionist than the Republicans? And here I thought it was the Republicans who were the ‘party of no’…