The President-elect could present a waiver, to the tune of $150 million, if his Secretary of State nominee Exxon CEO Rex Tillerson balks at the idea of selling his stock.
Reputed by Forbes to be worth nearly $3 billion, Ross would represent the interests of U.S. businesses domestically and abroad as the head at Commerce.
Wilbur Ross, the billionaire investor considered the "king of bankruptcy" for buying beaten-down companies with the potential to deliver profits, is expected to join President-elect Donald Trump's senior economic team as commerce secretary. The nomination could be announced as early as Wednesday. A senior transition official, who wasn't