William Daley , President Barack Obama ’s new chief of staff, can defer the payment of capital gains taxes on his sale of almost $8.3 million of JPMorgan Chase & Co . shares, based on government ethics rules.
William Daley , President Barack Obama ’s new chief of staff, filed a notice with the Securities and Exchange Commission today to sell 186,190 shares of JPMorgan Chase & Co . that he valued at almost $8.3 million.
President Barack Obama is considering naming William Daley , a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said.
White House Chief of Staff William Daley, appointed by President Barack Obama in January to improve relations with the business community, said he plans to leave the administration after the 2012 election.
President Barack Obama named William Daley as his White House chief of staff as part of a series of moves to keep the administration’s focus on the economy, improve relations with business and deal with a divided government.
William Daley has about $7.7 million worth of JPMorgan Chase & Co . shares that he will need to divest to take over as President Barack Obama ’s chief of staff, according to administration officials and regulatory filings.
The departure of White House Chief of Staff William Daley reflects President Barack Obama’s choice to abandon a strategy of seeking accommodation with congressional Republicans and his critics in corporate America.
William Daley , President Barack Obama ’s chief of staff, held investments including stocks and cash accounts worth between $7.3 million and $49.7 million, according to federal disclosure forms released by the White House.