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StartEconomyYellen, Blinken made more than $ 1 million from corporate and customer...

Yellen, Blinken made more than $ 1 million from corporate and customer speeches: financial disclosures

Elected President Joe BidenJoe Biden honors frontline workers in New York speech: ‚We owe them, we owe them, we owe them‘ Trump Hotel in DC raises room rates to open Biden Video shows long lines on the last day of early voting in Georgia MoreThe president’s choice to lead the Treasury Department has garnered more than $ 1 million in letters and work with corporate clients, according to financial disclosures published Thursday.

Janet YellenJanet Louise Yellen, 2021: The year the chicken religion might return home to root out Biden’s transformation, more than half of Biden’s 100 black aides say the note: the left seeks influence to move Biden moreBiden, the Chancellor of the Exchequer, has made more than $ 7.2 million by speaking at Wall Street firms and companies in the past two years, according to Its financial disclosure form.

Choosing the president-elect for the position of foreign minister, Anthony BlinkAnthony Blinken interviewed Biden’s choice to lead the American intelligence community. Mnuchin says he spoke with Biden’s candidate for the Treasury Department softening the next steps for foreign policy., Made nearly $ 1.2 million in the past two years by consulting clients at WestExec Advisors. According to his financial approval.

The large sums raised by cabinet members from Biden could complicate the gradual support for candidates during the Senate hearings.

Yellen, who was praised by progressives when Biden called her the Treasury’s nominee, has reaped millions in speaking fees from Citi, Goldman Sachs, Google, Citi National Bank, UPS, Citadel Lake, Barclays, Credit Suisse, Sales Force and others. For Citi alone, it received $ 1 million for nine letters, and for Citadel, a hedge fund founded by a Republican donor, it received more than $ 800,000.

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The would-be Treasury secretary also pledged to speak with the department’s ethics attorney „to obtain written permission to engage personally and substantially in any particular matter“ that includes the companies they paid for in the last year.

Meanwhile, the Secretary of State’s nominee has revealed clients he has worked with at WestExec Advisors, including Blackstone, Bank of America, Facebook, Uber, McKinsey & Company, Japan’s SoftBank Group, Gilead Pharmaceutical Company, Investment Bank Lazard and Boeing. , AT&T, Royal Bank of Canada, and LinkedIn.

In addition to the roughly $ 1.2 million earned in the past two years, Blinken is expected to earn an estimated $ 250,000 to $ 500,000 this year.

His financial disclosure indicates that he plans to sell his stake in WestExec, which amounts to between $ 500,000 and $ 1 million, as well as divest his stake in sister company WestExec Ventures, which ranges between $ 1 million and $ 5 million.

Biden A transition official said to Politico The team submitted the „midweek“ disclosure forms that were published by the Government Ethics Office on New Year’s Eve.

The transition official sided with Yellen’s financial past, saying, „Take a look at her enforcement track record – that’s not the one who pulls the punches when it comes to bad people or bad behavior.“

„You can expect it will bring the same high ethical standards and strict enforcement philosophy to the Treasury Department,“ the official added.

A spokesperson for the transition said that Yellen gave speeches „after several decades in the public service“ to discuss „her experiences and her views on what we can do as a country to build a stronger economy and increase our competitiveness.“

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„Her experience and experience are the reasons that President-elect Biden wanted her in his team that works for him and on behalf of the American people, to help us rebuild better from this economic crisis,“ the spokeswoman said in a statement to The Hill.

They added, „It is clear that leaders in academia, business and economics were seeking an informed and informed view of the economy during the chaotic period the country was going through when there were few reliable voices in government.“

The other candidate who Disclosure form Perhaps posing a problem is potential Director of National Intelligence Avril Haines, who was a manager and consultant at WestExec. It reported $ 180,000 in „advisory fees“ from data mining company Palantir.

A transformation spokesperson said in a statement that Haines „has served as a consultant whose limited scope of work is primarily focused on company diversity and inclusion efforts, particularly increasing gender diversity.“

Updated: 12:53 PM