* * *
Update: according to a CNN report – so as always take with lots of salt – the story has shifted materially, because according to two senior administration officials, it wasn’t a resignation by the State Department officials, but more of a termination: “the Trump administration told four top State Department management officials that their services were no longer needed as part of an effort to “clean house” at Foggy Bottom.”
Patrick Kennedy, who served for nine years as the undersecretary for management, Assistant Secretaries for Administration and Consular Affairs Michele Bond and Joyce Anne Barr, and Ambassador Gentry Smith, director of the Office for Foreign Missions, were sent letters by the White House that their service was no longer required, the sources told CNN.
THE US has been warned of potentially “devastating consequences” if it blocks China from islands it has built in contested waters in the South China Sea, according to Chinese media reports.
And in more inflammatory comments, prospective US Secretary of State Rex Tillerson was told he better watch his mouth, after the former ExxonMobil CEO told US senators that he would seek to deny Beijing access to the artificial islands.
China’s actions in the region are comparable to Russia’s invasion of Crimea, he said, a comment that did not sit well with the nuclear-armed Asian giant.
Ahead of his confirmation as Donald Trump’s proposed secretary of state, Exxon Mobil and the company’s former chairman and CEO Rex Tillerson, have agreed to sever all ties to comply with conflict-of-interest requirements.
If his appointment is confirmed Tillerson is set for a generous payday: as Reuters reports the value of more than 2 million deferred Exxon Mobil shares (worth about $182 million at Tuesday’s closing price) that Tillerson would have received over the next 10 years will be transferred to an independently managed trust, the company said in a statement. The share awards will be canceled and Tillerson will also surrender entitlement to more than $4.1 million in cash bonuses, scheduled to pay out over the next three years, and other benefits, Exxon Mobil said.
Separately, Tillerson also committed to the State Department that, if confirmed, he would sell the more than 600,000 Exxon shares he currently owns, the company said. It was not clear if the transaction would be exempt from all capital gains tax, although according ho historical precedent the answer is yes.
All the world’s a stage, and they are all Lord Rothschild’s puppets…
Update: It’s official, moments ago President-elect Trump confirmed he will nominate In a statement released by his transition team early Tuesday, Trump called Tillerson’s career “the embodiment of the American dream.”
“Through hard work, dedication and smart deal making, Rex rose through the ranks to become CEO of ExxonMobil, one of the world’s largest and most respected companies,” the president-elect said, adding that Tillerson’s “tenacity, broad experience and deep understanding of geopolitics make him an excellent choice.”
“He will promote regional stability and focus on the core national security interests of the United States. Rex knows how to manage a global enterprise, which is crucial to running a successful State Department, and his relationships with leaders all over the world are second to none,” Trump added.
And the obligatory tweet:
Source: The Nation
Fancy a side of irony with your corporate hypocrisy? Last night on MSNBC, Nation Editor-at-Large Chris Hayes profiled ExxonMobil CEO Rex Tillerson, a vocal proponent of hydraulic fracking, who is suing to prevent the construction of a water tower near his eighty-three-acre, $5 million horse ranch in Bartonville, Texas. The purpose of the tower? Storing water for fracking. Tillerson and his super-wealthy neighbors are concerned, the lawsuit states, that the fracking tower might “devalue their properties and adversely impact the rural lifestyle they sought to enjoy.” As Hayes put it, “Rex Tillerson is leading the fracking revolution, just not in his backyard.”
H/t reader kevin a.
* * *
“To summarize: a cabinet run by Wall Street and big oil (with a neocon backstop), and a handful of veteran generals thrown in. The writing should be on the wall as to what comes next.“
More info down below.
In a move that is certain to infuriate those who see Trump as nothing more than a puppet of the Kremlin, moments ago NBC reported that Rex Tillerson, CEO of Exxon Mobil and late entrant into the SecState race after his first meeting with the president elect this past Tuesday at the Trump Tower, has been picked by Trump to serve as his next Secretary of State.
— NBC News (@NBCNews) December 10, 2016
As NBC adds, Tillerson met Saturday with Trump at Trump Tower in New York, the president-elect’s spokesperson confirmed. The selection of Tillerson comes after Trump and his transition team spent weeks searching for someone to fill the post of the top U.S. diplomat. Former Republican presidential candidate Mitt Romney and former New York City Mayor Rudy Giuliani were reportedly in the running. Giuliani said Friday he had taken his name out of consideration.