Senator Warren urges Feinberg to fully cut Cerberus Capital Management ties

6 articles · Updated · Bloomberg · Apr 27

Warren's call follows disclosures that Feinberg, now deputy defense secretary, reserved rights to transfer divested assets to trusts for his adult children and still receives administrative services from Cerberus.
Feinberg had previously divested his stakes in Cerberus, a $65 billion private equity firm with Pentagon contracts, to comply with federal ethics rules after taking office.
Warren's demand highlights ongoing concerns about potential conflicts of interest for top defense officials with financial links to major government contractors.

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