Page 11 - SCBJ-201701
P. 11
January-February 2017
Trump’s Cabinet Nominations
Signal a Return to Principles Held
Dear by Our Founding Fathers
The American Chamber of Commerce in South China Mr. Wilbur Louis Ross, Jr. is an investor and former banker,
has joined many organizations and companies from across who successfully saved and created thousands of jobs by
the United States in supporting President-Elect’s nomination of restructuring many failing companies in industries such as steel,
cabinet members, especially nominations of Mr. Rex Tillerson as coal, telecommunications, foreign investment and textiles. As of
Secretary of State, Mr. Wilbur Ross as Secretary of Commerce, August 2014, Forbes magazine lists Ross as one of the world’s
and Mr. Steven Terner Mnuchin as Secretary of Treasury. These billionaires with a net worth of $2.9 billion.
gentlemen will lead the departments of our government which
have the most impact on our economy. Mr. Ross was born on November 28, 1937 in Weehawken, New
Jersey, and grew up in suburban New Jersey. His father, Wilbur
The nomination of these great Americans represents a return to Louis Ross, Sr., was a lawyer who later became a judge, and his
principles held dear by the founding fathers of our Country, said mother, Agnes (O’Neill), was a school teacher.1
AmCham South China President, Harley Seyedin as he pointed
to a statement by Thomas Jefferson. While serving as the first Mr. Ross attended Catholic college preparatory Xavier High
Secretary of State of the United States under the administration School in Manhattan. He ran track and was captain of the rifle
of the first President of the United States, George Washington, team. He earned a BA degree from Yale College, which was also
Thomas Jefferson had said “Agriculture, manufactures, his father’s alma mater. His first summer job was on Wall Street.
commerce and navigation, the four pillars of our prosperity, are He holds an MBA degree from Harvard Business School.
most thriving when left most free to individual enterprise”.
Mr. Steven Terner Mnuchin is a former investment banker and
At the time of his nomination Mr. Tillerson was the chairman hedge fund investor. On November 30, 2016, it was announced
and chief executive officer (CEO) of Exxon Mobil Corporation, that Mnuchin would be nominated as Secretary of the Treasury
the world’s sixth largest company by revenue. In addition to his in the coming administration of President-elect Donald Trump.
duties at Exxon Mobil Mr. Tillerson always found time to serve
as a volunteer. He is a trustee for the Center for Strategic and After he graduated from Yale University, Mnuchin worked
International Studies and the American Petroleum Institute. He for investment bank Goldman Sachs for 17 years, reaching
is also a member of the Business Roundtable. Mr. Tillerson was its management committee. After he left the bank in 2002, he
the national president of the Boy Scouts of America from 2010 worked for and founded a number of hedge funds. During the
to 2012. financial crisis, Mnuchin bought failed house lender IndyMac.
He rebuilt the bank as chairman and CEO in the subsequent
Soon after his nomination, Mr. Tillerson, announced his intention years under the name OneWest Bank, and sold it in 2015 to CIT
to retire at the end of 2016 after more than 41 years of service. The Group. Mnuchin joined Trump’s presidential campaign in 2016,
board of directors of Exxon congratulated Chairman Tillerson on and was named national finance chairman for his campaign.
his nomination for the position of U.S. secretary of state: “He
led the company with integrity and honor, ensuring that safety The Chamber offers its congratulations to these distinguished
and environmental protection were at the forefront of everything gentlemen. With the tremendous amount of business
we do, generating value for shareholders and highlighting the achievement and success behind them, the above candidates will,
impressive accomplishments of the company’s diverse workforce without a doubt, lead the United States into greatness for many
throughout the world. We know that his service to the nation as years to come.
secretary of state will be equally successful and distinguished.”
1 https://en.wikipedia.org/wiki/Wilbur_Ross - cite_note-
NYMag-5
9
Trump’s Cabinet Nominations
Signal a Return to Principles Held
Dear by Our Founding Fathers
The American Chamber of Commerce in South China Mr. Wilbur Louis Ross, Jr. is an investor and former banker,
has joined many organizations and companies from across who successfully saved and created thousands of jobs by
the United States in supporting President-Elect’s nomination of restructuring many failing companies in industries such as steel,
cabinet members, especially nominations of Mr. Rex Tillerson as coal, telecommunications, foreign investment and textiles. As of
Secretary of State, Mr. Wilbur Ross as Secretary of Commerce, August 2014, Forbes magazine lists Ross as one of the world’s
and Mr. Steven Terner Mnuchin as Secretary of Treasury. These billionaires with a net worth of $2.9 billion.
gentlemen will lead the departments of our government which
have the most impact on our economy. Mr. Ross was born on November 28, 1937 in Weehawken, New
Jersey, and grew up in suburban New Jersey. His father, Wilbur
The nomination of these great Americans represents a return to Louis Ross, Sr., was a lawyer who later became a judge, and his
principles held dear by the founding fathers of our Country, said mother, Agnes (O’Neill), was a school teacher.1
AmCham South China President, Harley Seyedin as he pointed
to a statement by Thomas Jefferson. While serving as the first Mr. Ross attended Catholic college preparatory Xavier High
Secretary of State of the United States under the administration School in Manhattan. He ran track and was captain of the rifle
of the first President of the United States, George Washington, team. He earned a BA degree from Yale College, which was also
Thomas Jefferson had said “Agriculture, manufactures, his father’s alma mater. His first summer job was on Wall Street.
commerce and navigation, the four pillars of our prosperity, are He holds an MBA degree from Harvard Business School.
most thriving when left most free to individual enterprise”.
Mr. Steven Terner Mnuchin is a former investment banker and
At the time of his nomination Mr. Tillerson was the chairman hedge fund investor. On November 30, 2016, it was announced
and chief executive officer (CEO) of Exxon Mobil Corporation, that Mnuchin would be nominated as Secretary of the Treasury
the world’s sixth largest company by revenue. In addition to his in the coming administration of President-elect Donald Trump.
duties at Exxon Mobil Mr. Tillerson always found time to serve
as a volunteer. He is a trustee for the Center for Strategic and After he graduated from Yale University, Mnuchin worked
International Studies and the American Petroleum Institute. He for investment bank Goldman Sachs for 17 years, reaching
is also a member of the Business Roundtable. Mr. Tillerson was its management committee. After he left the bank in 2002, he
the national president of the Boy Scouts of America from 2010 worked for and founded a number of hedge funds. During the
to 2012. financial crisis, Mnuchin bought failed house lender IndyMac.
He rebuilt the bank as chairman and CEO in the subsequent
Soon after his nomination, Mr. Tillerson, announced his intention years under the name OneWest Bank, and sold it in 2015 to CIT
to retire at the end of 2016 after more than 41 years of service. The Group. Mnuchin joined Trump’s presidential campaign in 2016,
board of directors of Exxon congratulated Chairman Tillerson on and was named national finance chairman for his campaign.
his nomination for the position of U.S. secretary of state: “He
led the company with integrity and honor, ensuring that safety The Chamber offers its congratulations to these distinguished
and environmental protection were at the forefront of everything gentlemen. With the tremendous amount of business
we do, generating value for shareholders and highlighting the achievement and success behind them, the above candidates will,
impressive accomplishments of the company’s diverse workforce without a doubt, lead the United States into greatness for many
throughout the world. We know that his service to the nation as years to come.
secretary of state will be equally successful and distinguished.”
1 https://en.wikipedia.org/wiki/Wilbur_Ross - cite_note-
NYMag-5
9
