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  1. #1
    Super Moderator Newmexican's Avatar
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    Obama pick for commerce - more crony capitalism

    The Senate has confirmed yet another pay back for Obama.

    Obama pick owed millions from Disney, Boeing board posts

    Bryson confirmed for Cabinet spot
    President Obama’s pick for commerce secretary, John E. Bryson, has earned millions of dollars in stock and compensation through his position as a director at the Walt Disney Co., a company that directly lobbies the department that Mr. Bryson now is poised to take over.

    Mr. Bryson, 68, reported $201,660 in income from Disney through a stock-option exercise, but he also disclosed other Disney assets including a deferred-compensation plan worth more than $1 million, according to a government ethics filing. He also lists Disney stocks and option assets worth at least another $750,000.

    The Senate voted Thursday evening 74-26 to confirm Mr. Bryson after months of delays and sharp criticism from some Republicans.

    Under Mr. Obama’s ethics rules, nominees are not allowed to participate in specific matters involving former clients or employers unless they get a special waiver.

    “Per standard administration ethics practice at the Department of Commerce, John Bryson would be recused from particular matters involving his former employers and clients,â€
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    Senior Member AirborneSapper7's Avatar
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