Craig Engle Comments on Nomination of Rex Tillerson to Secretary of State in Politico
This position is subject to federal ethics laws that will likely mean that Tillerson will have to sell his shares in ExxonMobbile and put his assets in a blind trust, according to ethics lawyers.
Tillerson will also likely face questions about whether his actions as Secretary of State would favor his former company, particularly because the scale of Exxon’s foreign ties dwarf’s President-elect Trump’s own. “The simplest approach,” said Arent Fox political law partner Craig Engle, “is for Tillerson to put all his assets in a blind trust and instruct the manager to sell his Exxon stake over time so that Tillerson wouldn’t know how much he owned.
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