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DOGE Put Him in the Treasury Department. His Company Has Federal Contracts Worth Millions

DOGE Put Him in the Treasury Department. His Company Has Federal Contracts Worth Millions

image via WIRED

February 21, 2025, 10:01 PM

  • A Trump administration appointee is keeping his job as CEO of a company that has millions of dollars in active contracts with various federal agencies.
  • Critics have expressed concern about the alleged conflicts of interest posed by the executive's decision to keep his role in the private sector.
  • The executive is the only Trump administration official identified so far as being a CEO and a day-to-day decisionmaker inside one particular agency.

Tom Krause, CEO of Cloud Software Group, has been appointed as the fiscal assistant secretary of the US Department of Treasury. This is a rare move that has raised concerns about potential conflicts of interest.

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Entities Mentioned

Tom KrauseDonald TrumpElon Musk

Topics Covered

BusinessBusiness / Policy and Net Neutrality

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