Report: Elaine Chao still owns shares in stock she promised to divest
Posted on AllSides May 28th, 2019
From The Center
Transportation Secretary Elaine Chao reportedly still owns stock in a construction company that she previously promised to divest from upon taking office.
The Wall Street Journal reported Tuesday that federal disclosure forms show Chao to be the owner of nearly $400,000 worth of stock in Vulcan Materials Co., a major supplier of materials for road pavement and other construction projects, more than a year after she promised to trade the shares for a cash payout.
The cash payout has yet to occur, the Journal reported. A spokesman for the Department...
