CABINET/COMMERCE/TRUMP PEOPLE/WILBUR ROSS: “Wilbur Ross Jr. plans to keep millions of dollars invested in offshore entities whose values could be affected by policies that he implements as commerce secretary…
But he plans to hold on to investments in an oil-tanker company and 10 other entities that invest in shipping and real-estate financing, according to federal financial-disclosure and ethics filings. It isn’t clear why Mr. Ross is retaining these 11 assets.
A spokesman said Mr. Ross has committed that, if confirmed as commerce secretary, ‘he will faithfully execute the law and the commitments in his ethics agreement, and will follow the advice of the department’s ethics officials.’ “
– Jean Eaglesham and Lisa Schwartz, “Commerce Nominee Wilbur Ross Will Keep His Stake in Chinese-Government-Backed Company,” The Wall Street Journal online, Feb. 13, 2017