When Federal Officials Help Companies—and Their Own Financial Interests

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Federal officials don’t just own shares of companies their agencies regulate—sometimes they work to help those companies

Note: Pending cases not shown. Includes referrals agencies made to the Justice Department of potential violations of conflict of interest statutes and other ethics law.Rosie Ettenheim/THE WALL STREET JOURNAL

Google has long championed that approach toward driving up broadband use, which would in turn boost its advertising business. The FCC later approved the plan. FCC rules prohibit employees from owning stock in companies the agency substantially regulates, including “any company or other entity engaged in the business of communication by wire or radio or in the use of the electromagnetic spectrum.”

Ms. Guendelsberger said that her speeches describe the FCC’s policies but that she wasn’t involved in making the decisions. Google also was at the heart of an episode at the Commerce Department’s Patent and Trademark Office, where a patent judge was part of a panel that gave Google a win while his wife worked for the company and held a financial interest in it.

Mr. Pyonin, reached by phone, declined to comment about the case, his wife’s employment or the family’s Alphabet investment. His wife didn’t respond to requests for comment. Mr. Pyonin referred calls to the Patent Office. As a result of the Journal inquiry, she said, the Commerce Department’s Office of the Inspector General will investigate the matter.

Mr. DeLuca, along with a handful of others, pushed to look at Microsoft’s Azure cloud platform instead, the officials said. Ms. Jame, who was closely involved in crafting the Microsoft recommendation, reported owning between $15,001 and $50,000 of Microsoft stock in 2020 and 2021. Ms. Jame didn’t respond to requests for comment.

Mr. DeLuca, who is currently on a military-related leave, said he has a financial adviser who “directs and guides my retirement investment decisions.” He declined to comment further.

 

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U bought 200 yrs too late on that one

Such crony capitalism and it’s no wonder that corporate executives are now much more liberal compared to before 2000.

It should be public knowledge if gov workers including Congress & WH have positions in Solar & wind co. Or any other industry they regulate.

Well like Pelosi but with less money…

What? You've just worked it out? The people have known forever.

Sounds like corruption to me! Will there be any recourse?

Crime

Mortgages 101 Fed InterestRates MBS CDO Housing Markets WeAimHigher.

And we thought Africa was corrupt 😁😁

So…Corruption

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