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President Trump’s Pick for Navy Secretary Withdraws

mbig

mbig

onomatopoeic
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Another one pre-Jumps ship.
Though many of them are very rich/have such extensive holdings, it would take months to file Govt forms, or divest of Conflicting assets.
The latter may have been a problem for Bilden.

President Trump’s Pick for Navy Secretary Withdraws
Private-equity investor Philip Bilden cites need to do financial divestments as factor
By PAUL SONNE
Feb. 26, 2017 8:05 p.m. ET
https://www.wsj.com/articles/president-trumps-pick-for-navy-secretary-withdraws-1488157536
WASHINGTON—President Donald Trump’s choice for Secretary of the Navy withdrew from consideration on Sunday, citing financial concerns, making him the second of Mr. Trump’s three service secretary nominees to bow out.

Philip Bilden, a private-equity investor whom Mr. Trump appointed to the Navy’s top civilian post in late January, said in a written statement that the divestment required to comply with Pentagon ethics rules would cause too much of a disruption to his financial interests.
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