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Title: Biden’s closest advisors have ties to big business and Wall Street with some making millions
Source: [None]
URL Source: https://www.cnbc.com/2021/03/20/bid ... with-some-making-millions.html
Published: Mar 21, 2021
Author: Brian Schwartz
Post Date: 2021-03-21 22:26:52 by BTP Holdings
Keywords: None
Views: 458
Comments: 3

Biden’s closest advisors have ties to big business and Wall Street with some making millions

PUBLISHED SAT, MAR 20 20212:26 PM EDTUPDATED SUN, MAR 21 202112:07 PM EDT

Brian Schwartz
@SCHWARTZBCNBC

KEY POINTS

> These disclosures were provided by the White House to CNBC early Saturday morning after requesting the documents a day earlier.

> The disclosures show that many of the president’s closest aides have deep ties to the business world and have made more money in their past corporate careers than previously known.

U.S. President Joe Biden speaks about the state of vaccinations during a coronavirus disease (COVID-19) response event in the East Room at the White House in Washington, March 18, 2021.
Carlos Barria | Reuters

President Joe Biden’s closest advisors have ties to big business and Wall Street, with some making millions of dollars in their careers leading up to entering the White House, new financial disclosures show.

The senior Biden aides listed in the disclosures include chief of staff Ron Klain, deputy chief of staff Jen O’Malley Dillon, senior advisor Mike Donilon, White House coronavirus response coordinator Jeffrey Zients, and National Economic Council Director Brian Deese.

These disclosures show that many of the president’s closest aides have deep ties to the business world and have made more money in their past corporate careers than previously known.

These disclosures were provided by the White House to CNBC early Saturday morning after requesting the documents a day earlier. None of these positions were confirmed by the Senate. Many of these advisors have previous ties to Biden’s campaign or former President Barack Obama’s administration.

A White House spokesperson did not return a follow up request for comment.

Deese was previously the Global Head of Sustainable Investing at BlackRock before becoming the head of the National Economic Council. While at the investment firm, Deese’s disclosure shows he made over $2.3 million in salary and bonuses. His disclosure also suggests that through BlackRock’s restricted stock plan, Deese could have made an additional $2.4 million.

Klain, who was an executive at the venture capital firm Revolution before joining the White House, was listed as having a salary of $1.8 million. He started at the company in 2005.

O’Malley Dillon, who ran Biden’s campaign before following him to the White House, was a co-founder of the consulting firm Precision Strategies. The founders of the firm are credited with helping reelect Obama in 2012.

O’Malley Dillon’s new financial disclosure gives a glimpse into the corporate advisory work she did for the firm before coming to the White House. The filing lists Gates Ventures as a client of O’Malley Dillon’s while she was at Precision Strategies.

According to PitchBook, Gates Ventures is a venture capital firm founded by billionaire Bill Gates. The current deputy White House chief of staff also advised the Chan Zuckerberg Initiative, the philanthropic arm of Facebook founder Mark Zuckerberg and his wife, Priscilla Chan.

Other corporations that saw her guidance include General Electric and Lyft. O’Malley Dillon’s deferred compensation and severance from Precision is listed as being over $420,000.

Donilon was a managing member of MCD Strategies, a media consulting firm, prior to his role in the White House. His filing shows that he made over $4 million in income while leading his consulting firm. Donilon lists the Biden campaign and Democratic National Convention Committee as two of his clients.

Zients was the CEO of the Wall Street investment firm Cranemere before becoming a lead advisor to the Biden White House on the coronavirus pandemic. His financial disclosure shows that he had a combined salary and bonus of $1.6 million. As board member of Facebook, the new report shows he made over $330,000.

Before Jake Sullivan became Biden’s national security advisor, he was a senior partner at the consulting firm Macro Advisory Partners. His new financial disclosure form shows that Sullivan, from 2017 until last year, was a member of the Microsoft advisory council. The report says Sullivan was on the “policy advisory council advising the president of Microsoft on key policy developments.”

Sullivan was paid over $135,000 in advisory fees while at Macro Advisory Partners and he earned an additional $45,000 in advisory council fees from Microsoft, his new disclosure report says.


Poster Comment:

Money talks, bullshit walks.

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#1. To: BTP Holdings (#0)

Chump change. They're prolly having to pay the Big Guy to work there.

He can afford it.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2021-03-21   22:38:16 ET  Reply   Trace   Private Reply  


#2. To: BTP Holdings (#0)

All the presidents have done the same thing for over 70 years.

Darkwing  posted on  2021-03-22   7:09:43 ET  Reply   Trace   Private Reply  


#3. To: Darkwing (#2)

for over 70 years

It is more like since 1914 with the founding of the Federal Reserve System, the Creature from Jekyll Island, in the vote just at the start of the Christmas holidays when many of the opponents to that central bank had left for home for the holidays. There was just barely a quorum present and it was rammed thru and signed by President Woodrow Wilson.

We have been behind the eight ball ever since with their money manipulations and crooked fractional reserve system of banking. The banks make their profits on money created from thin air at the outset of the loans. As the loan is paid off, the money is extinguished.

We are all considered to be debtors, unless you are specifically the Secured Party and have your Security Agreement on file with the Secretary of State of your State of Residence. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2021-03-25   4:10:22 ET  Reply   Trace   Private Reply  


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