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" Financier Philip Bilden has withdrawn himself from consideration to be the next Secretary of the Navy, several sources confirmed to USNI News on Sunday.
Sources in the White House and the Navy told USNI News that Bilden’s extensive financial holdings, much of which he earned while living in Hong Kong, would likely not meet the Office of Government Ethics standards to serve in the position.
The White House is scheduled to make the announcement this evening.
Bilden was formally nominated as Navy Secretary on Jan. 25 after back-and-forth reports in the media as to whether he or former congressman Randy Forbes would get the job. The White House called Bilden “a highly successful business leader, former Military Intelligence officer, and Naval War College cybersecurity leader [who] will bring strategic leadership, investment discipline, and Asia Pacific regional and cyber expertise to the Department of the Navy” in its statement announcing Bilden’s selection. "
https://news.usni.org/2017/02/26/philip-bilden-withdraws-secnav
Sources in the White House and the Navy told USNI News that Bilden’s extensive financial holdings, much of which he earned while living in Hong Kong, would likely not meet the Office of Government Ethics standards to serve in the position.
The White House is scheduled to make the announcement this evening.
Bilden was formally nominated as Navy Secretary on Jan. 25 after back-and-forth reports in the media as to whether he or former congressman Randy Forbes would get the job. The White House called Bilden “a highly successful business leader, former Military Intelligence officer, and Naval War College cybersecurity leader [who] will bring strategic leadership, investment discipline, and Asia Pacific regional and cyber expertise to the Department of the Navy” in its statement announcing Bilden’s selection. "
https://news.usni.org/2017/02/26/philip-bilden-withdraws-secnav
