Donald Trump has tapped billionaire investor Stephen Feinberg to be deputy protection secretary, The Washington Submit experiences. If confirmed by the Senate, Feinberg can be the No. 2 man within the Pentagon, slightly below Fox Information weekend host (and alleged rapist) Pete Hegseth.
Feinberg is the co-CEO of Cerberus Capital Administration, which beforehand owned personal army contractor DynCorp. Cerberus has additionally invested in protection corporations—which is a possible battle of curiosity, in line with specialists.
“Having this revolving door of people who sit on boards of major defense contractors and then cycle in and out of the Pentagon is a problem that did not begin with Trump, but is a problem nonetheless,” Matt Duss govt vp on the Heart for Worldwide Coverage, advised The Washington Submit.
The Wall Road Journal beforehand reported that Feinberg was considered one of two financiers being thought-about by Trump for the place. Enterprise capitalist Trae Stephens, a Peter Thiel ally representing a variety of Silicon Valley army start-ups, was the opposite rumored alternative.
Feinberg’s nod may very well be an try by Trump’s transition workforce to assuage conventional protection companies, in line with Michael O’Hanlon, a army professional on the Brookings Establishment.
“I think what you want is somebody who’s aggressive about looking for new ideas but also appreciative of what works, and I think that’s where Feinberg is mentally,” O’Hanlon advised The Washington Submit
The New Yorker reported again in 2017 that simply days earlier than the 2016 election, Feinberg gave a $1 million donation to Trump and wormed his means into the longer term president’s good graces. The million-dollar guess paid off in 2018, when Trump named the billionaire to move his Intelligence Advisory Board.
Feinberg is simply the most recent billionaire to be tapped for Trump’s traditionally rich Cupboard.
