Man of the people that he is, Donald Trump likes to pick rich guys for high-level positions in his administration. Unfortunately, that poses a problem:
President Donald Trump’s nominee for Navy secretary, investor Philip Bilden, is expected to withdraw from consideration, sources familiar with the decision told Politico, becoming the second Pentagon pick unable to untangle their financial investments in the vetting process….Like billionaire investment banker Vincent Viola, who withdraw his nomination to be secretary of the Army earlier this month, Bilden ran into too many challenges during a review by the Office of Government Ethics to avoid potential conflicts of interest, the sources said.
To become Secretary of State, maybe all this divesting of huge fortunes is worth it. But Navy Secretary? Probably not.