Key Biden Cabinet Picks Made Millions With Corporate Speaking and Consulting Gigs, Docs Reveal

US

The Democratic president-elect’s cabinet picks have been praised for their diversity, reportedly featuring more women and people of colour than any of its predecessors. At the same time, Republicans and left wing Democrats alike have criticized Biden for looking to give top jobs to ex-lobbyists and Obama-era neoliberal hawks.

President-elect Joe Biden’s Treasury Secretary nominee Janet Yellen made over $7.2 million by speaking before Wall Street bankers, universities and think tanks in the past two years, with her clients including Goldman Sachs and the Hong Kong Development Council, a financial disclosure form published by the United States Office of Government Ethics on Thursday has revealed.

Blinken is expected to earn between $250,000 and $500,000 this year, and another $500,000-$1 million by selling his stake in WestExec before entering Biden’s cabinet. Avril Haines, Biden’s pick for Director of National Intelligence, is also employed by the consulting firm, and reported $180,000 in earnings for “consulting fees” for Palantir, a US-based data mining company.

The Biden team has been criticized from progressive quarters for its cabinet picks, with the president-elect’s pick for Secretary of Defence, retired Army General Lloyd Austin, facing flak for serving on the board of directors at Raytheon, the world’s second largest defence contractor. If his candidacy is approved, Austin would have oversight…

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