Commentary

Rex Tillerson May Have Held Millions In ExxonMobil Stock As Trump Promoted The Oil Giant – BuzzFeed News

Tillerson owned 600,000 shares outright at the time of his nomination. In his ethics plan, Tillerson said he would be divested of them within 90 days.

On Tuesday, a State Department spokesman said Tillerson remained committed to fully divesting of the stock by May 2.

“He’s committed to federal ethics rules and he’s continuing to carry out and meet the terms of this agreement,” acting deputy spokesperson Mark Toner told reporters.

But the State Department declined to tell BuzzFeed News how many of those shares — if any — had been sold at the time of Trump’s ExxonMobil promotion. If Tillerson retained all of the 600,000 shares, they would have on Monday been worth $49.7 million.

Source: Rex Tillerson May Have Held Millions In ExxonMobil Stock As Trump Promoted The Oil Giant – BuzzFeed News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s