Trump Commerce nominee Ross to divest assets worth up to $187 million

By REUTERS
January 17, 2017 20:30

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

WASHINGTON - Wilbur Ross, President-elect Donald Trump's nominee for Commerce Secretary, has pledged to divest assets worth about $62 million to $187 million and resign his corporate board seats, but the billionaire investor intends to retain his interests in mortgage lending and transoceanic shipping.

In an ethics agreement made public on Tuesday, Ross said he would divest financial interests in some 80 entities, including specific stocks, bonds and investment partnerships.

He said he will resign from positions in seven business entities that he is retaining. He will resign positions at 20 business entities that he is divesting, including his board seats at steelmaker ArcelorMittal, Bank of Cyprus and chemicals and plastics distributor Nexeo Solutions

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
September 24, 2018
Russia to supply Syria with S-300 anti-missile system

By REUTERS