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Transportation Dept. Rebuts Report that Secretary Failed to Divest Stock
Government Executive: The Transportation Department has come down hard on news reports accusing Secretary Elaine Chao of unethically retaining shares in a building materials company on whose board she once served.
The Wall Street Journal on Tuesday reported that Chao’s just-released 2018 financial disclosure form—along with that of her husband, Senate Majority Leader Mitch McConnell, R-Ky.—indicated that Chao received stock shares in April 2018 as deferred compensation from Vulcan, the country’s largest supplier of crushed rock, sand and gravel.
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