Wilbur Ross Stock Holdings Rose in Value During Improper Divestment Delay
Commerce Secretary Wilbur Ross appears to have earned seven figures from his failure to divest stock holdings until months after he was required to do so, a Center for Public Integrity analysis found.
Walter Shaub, then the head of the Office of Government Ethics, told Kassinger that readily marketable assets should be sold within 90 days.
The ultimate agreement gave Ross 90 days to sell many of his assets and 180 days on others. Some, such as Ross’ shipping company holdings, he was permitted to retain.