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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAfter Soleimani was killed, on Janurary 3rd, Raytheon stocks shot up to a record high.
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After Soleimani was killed, on Janurary 3rd, Raytheon stocks shot up to a record high.
Raytheon also just happens to be Defense Secretary Esper's former employer.
https://www.citizensforethics.org/mark-esper-raytheon-weapons-lobbyist/
Raytheon also just happens to be Defense Secretary Esper's former employer.
https://www.citizensforethics.org/mark-esper-raytheon-weapons-lobbyist/
By Jordan Libowitz and Linnaea Honl-Stuenkel
January 13, 2020
Following the targeted killing of Iranian General Qassem Soleimani by American military forces on January 3rd, weapons manufacturer Raytheons stock shot up, closing at a record high. The man in charge of the Pentagon, Defense Secretary Mark Esper, spent years as Raytheons top lobbyist before joining the Trump administration. Espers former employment casts a shadow over every decision he makes as Secretary of Defense, and the people investing in his former company are betting on business being good under Esper.
When Esper was preparing to leave Raytheon to join the government, he reported that he was paid $1,524,018 in salary and bonuses. His job, as he described it, was to be Responsible for company interactions with members of Congress and their staff at the Federal level and with all state and local elected officials and their staff. Now that hes Defense Secretary, he does a lot more than interact with members of Congress and their staffhe is the principle defense policymaker and adviser, and in charge of signing off on massive government contracts.
This is not to say that Esper is necessarily pushing military options which would benefit his former employer. This is also not to say that Esper is alone in the administration as a former lobbyist, in fact, a ProPublica analysis found that the Trump administration has hired 281 lobbyists, often regulating the industries they work for. However, when the former lobbyist in question is now the Secretary of Defense, the risks are magnified. Every action he takes must be scrutinized through the lens of Raytheons benefit. In his confirmation hearing, Esper flat out said that he would not recuse himself from matters involving Raytheon for the duration of his government service.
In his farewell address, President Dwight D. Eisenhower, a former five star general and Supreme Commander of the Allied Forces in Europe during World War II, warned, In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. A weapons lobbyist turned defense secretary is exactly what Eisenhower warned the nation about.
January 13, 2020
Following the targeted killing of Iranian General Qassem Soleimani by American military forces on January 3rd, weapons manufacturer Raytheons stock shot up, closing at a record high. The man in charge of the Pentagon, Defense Secretary Mark Esper, spent years as Raytheons top lobbyist before joining the Trump administration. Espers former employment casts a shadow over every decision he makes as Secretary of Defense, and the people investing in his former company are betting on business being good under Esper.
When Esper was preparing to leave Raytheon to join the government, he reported that he was paid $1,524,018 in salary and bonuses. His job, as he described it, was to be Responsible for company interactions with members of Congress and their staff at the Federal level and with all state and local elected officials and their staff. Now that hes Defense Secretary, he does a lot more than interact with members of Congress and their staffhe is the principle defense policymaker and adviser, and in charge of signing off on massive government contracts.
This is not to say that Esper is necessarily pushing military options which would benefit his former employer. This is also not to say that Esper is alone in the administration as a former lobbyist, in fact, a ProPublica analysis found that the Trump administration has hired 281 lobbyists, often regulating the industries they work for. However, when the former lobbyist in question is now the Secretary of Defense, the risks are magnified. Every action he takes must be scrutinized through the lens of Raytheons benefit. In his confirmation hearing, Esper flat out said that he would not recuse himself from matters involving Raytheon for the duration of his government service.
In his farewell address, President Dwight D. Eisenhower, a former five star general and Supreme Commander of the Allied Forces in Europe during World War II, warned, In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. A weapons lobbyist turned defense secretary is exactly what Eisenhower warned the nation about.
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After Soleimani was killed, on Janurary 3rd, Raytheon stocks shot up to a record high. (Original Post)
CousinIT
Jan 2020
OP
randr
(12,413 posts)1. You have to wonder how many of Trumps Mara Lago cronies took advantage of this
Mike 03
(16,616 posts)2. Kick and rec
in2herbs
(2,947 posts)3. Another item Lieu can add to his investigation about stock market manipulation by the
Trump and his administration.
Wawannabe
(5,674 posts)4. Fuck
We are all being raped!
Money. Its all about money. FFS!
hardluck
(640 posts)5. So it closed up 1.48% on a day the NYSE was up 1.2%
Why is this an issue?
Kaleva
(36,327 posts)6. I don't see why this is an issue either.