Senator Grills Energy Secretary Granholm On Stock Ownership, Disclosures: 'This Is Institutionalized Corruption'
Portfolio Pulse from Chris Katje
Sen. Josh Hawley grilled Energy Secretary Jennifer Granholm over her stock trading activities and conflicts of interest, highlighting institutionalized corruption within the energy department. Granholm admitted to owning and later selling stocks, including shares of Ford Motor Company (NYSE:F), which she claimed were owned by her husband. Hawley accused Granholm of misleading the committee, violating stock trading laws, and promoting companies she had stakes in, calling for her resignation.
April 17, 2024 | 11:06 pm
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Energy Secretary Jennifer Granholm admitted to owning and later selling shares of Ford Motor Company, which were reportedly owned by her husband since his youth.
Granholm's admission of owning and selling Ford shares could bring increased scrutiny to Ford, but since the shares were sold and the ownership was attributed to her husband, the direct impact on Ford's stock price is likely to be minimal in the short term. The situation highlights potential conflicts of interest and ethical considerations rather than financial or operational issues directly affecting Ford.
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