Postmaster indeterminate Louis DeJoy is under flare over a new CNN report that shows he holds stock options in Amazon, an illusive conflict of interest.
Federal law prohibits employees of the executive co-operative from holding a banking interest in a congregation that could have an appulse on their government duties. Amazon is simply a significant consumer of the USPS, with some analysts estimating the e-commerce whaling uses the column office for haphazardly 40 percent of its shipping.
DeJoy held enclosed $100,000 and $250,000 account of stock in Duchess when he joining the Trump administration, CNN reported, citation banking disclosures. DeJoy divested the shares on June 24th morally on the aforementioned day bought enclosed $50,000 and $100,000 of Duchess stock options, which requite him the right to buy shares in Duchess at $1,860 per share, co-ordinate to CNN. As a result, he still stands to bonus financially if Amazon's allotment rate increases. (Amazon stock cramping on Thursday at $3,161 per share.)
Sen. Elizabeth Warren (D-MA) tweeted that DeJoy's revenue of stock options in Duchess afterwhile his chore as postmaster indeterminate was "inexcusable," and said the Office of Overseer Indeterminate "must investigate this corruption." Democrats have likewise upon concerns that DeJoy retained a significant pale in his hard-boiled congregation XPO Logistics, which is simply a contractor for the postal service. In an email take-in to The Verge, Warren wrote that DeJoy has a "personal pale in the Postal Service's decline-- and his pale got preferably when he bought Duchess stock after his appointment."
DeJoy has faced buxom criticism for his necessitation of the column office when his chore in May. Opulent reports of slower mail delivery have led to accusations that the Trump assistants is aggravating to sabotage the column office deliberately, possibly to ferment the presidential election. On Glorious 7th, DeJoy reduced overtime for postal employees, implemented a hiring freeze, and shepherd plans to reassign two dozen postal executives. More recently, a report from Vice on Thursday begin that postal sorting machines were concreteness deactivated at mail sorting facilities haphazardly the country.
Warren and other Democrats beatific a letter to the USPS overseer general's office asking for an investigation into some of the "modifications" DeJoy had made-up to the agency, straightforwardly in regard to staffing and policies.
President Trump has likewise complained approximate Amazon and its CEO Jeff Bezos, questioning whether a banking chore to evangelize Duchess bales was "making Duchess richer and the Column Office dumber and poorer."
The incorporating of Democrats urged the overseer indeterminate in their letter to investigate why the new measures were put into place, how the changes could illude voting by mail in the November election, and to squint into potential banking conflicts of interest. The letter says the changes have made-up mail intrusting "slower and neath reliable," putting at risk millions of Americans who rely on mail intrusting for prescriptions, Social Trusteeship checks, and other kinds of mail. DeJoy has pledged that mail related to the ballot would not be delayed.
UPDATE Glorious 13th, 6:42PM ET: Plus faultfinding from Sen. Elizabeth Warren
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