The attorney general of Trump's attorney general will be able to retain his bonus from his law firm and receive a supply of energy
President Donald Trump's candidate for Attorney General William Barr will retain his 2018 lawyer's firm bonus if he is confirmed and receives 2,000 shares of Dominion Energy, according to an ethical document.
Barr must also resign from multiple boards and sell millions of shares, ethical officials have told him after a thorough revision & # 39; of his finances.
Barr, the former Attorney General under George H.W. who worked at the Kirkland & Ellis law firm, gets a bonus for the work she did in calendar year 2018 & # 39; – when President Donald Trump nominated him to follow Jeff Sessions and to monitor the Russian probe.
It must be paid before he takes over as AG and he will not receive any other bonus or termination, according to a letter from the Office Government Ethics to DailyMail.com.
Attorney general-nominated William Barr arrives at Senate Majority Leader Sen. Mitch McConnell (R-KY) office for a meeting on January 10, 2019 on Capitol Hill. Barr left the Time Warner board. He gets a bonus from his law firm and funds more than $ 100,000 from Dominion Energy before he starts his job if he is confirmed
The letter also outlines the boards that Barr must leave if he has been confirmed by the senate as the highest law enforcement official in the country. He resigned as a board member in Time Warner in June, when AT & T completed its acquisition, in an attempt to win the Trump Justice Department.
Barr, which stocks up to $ 37 million, will be acquired stock options and shares in AT & T Inc. & # 39; Those shares are valued at more than $ 1 million.
For one year after his resignation from the board of directors, Barr & # 39; will not personally and substantially participate in specific cases involving specific parties of which he is AT & T Inc. know or Time Warner Inc. is a party or represents a party, unless he is authorized to participate first, & # 39; according to the letter.
& # 39; Upon his dismissal under the corporate policy for outgoing directors who served as committee chairman, Mr. Barr will receive 2,000 shares from Dominion Energy, Inc. ordinary shares, & # 39; according to the letter
Barr has already given up his board membership at Time Warner Inc., but after his departure he has to work again for a year from the media giant
Barr owns more than $ 1 million in AT & T shares, but will divest
He also has participations in Icahn Enterprises. Here Carl Icahn and Donald Trump attend the Starlight Foundation Gala on 13 March 1990 at the New York Hilton Hotel in New York City
BONUS! Barr & # 39; receives a bonus & # 39; Kirkland & Ellis, but must take it before he becomes the Attorney General of the country
Barr will not & # 39; personally & # 39; participate in cases where he knows that Time Warner or AT & T are involved
The Trump government tried administrative measures to block the deal. Trump himself has regularly fought against CNN, whose mother company is Time Warner.
Federal ethical officials negotiate such agreements with nominees to help them avoid potential conflicts of interest while serving with the government.
The letter states that in January 2018 he will resign from Och-Ziff Capital Management and his position with US. Piping Foundation in December 2018 has given up.
His $ 37 million in financial holding companies includes stocks, bonds and other holdings, reported NBC.
Barr also served on the board of Dominion Energy and collected $ 2.8 million in shares.
He must also resign from that board – but not without a golden parachute.
& # 39; Upon his dismissal under the company policy for outgoing directors who served as committee chairman, Mr. Barr 2,000 shares Dominion Energy, Inc. receive ordinary shares & # 39 ;, according to the letter.
Based on a stock price of $ 68 per share, that would amount to a payout of $ 136,000.
But Barr will not personally and substantially participate in a particular matter that, to his knowledge, has a direct and predictable effect on the financial interests of Dominion Energy, Inc. until he has disposed of his shares and has been granted an exemption.
His investments, provided as an attachment, reveal an eclectic mix that includes oil drilling and other holdings.
Among them are participations in Diamond Offshore Drilling, Alcoa, Smithfield foods and Icahn Enterprises – the holding company run by Trump Carl Icahn.