By the time Ross’ wife sold the interest two months later, Chevron’s stock was down 3%. Yet the value of the auto parts business dropped roughly 35% between the end of the first and last quarters of 2017, according to documents obtained by Forbes. The largest investors in one of the companies, Diamond S Shipping, included both Ross’ former private equity fund and the government of China. By October 2017, Ross was out of time to divest. So on October 25, exactly 240 days after his confirmation, Ross sold part of his interests to funds managed by Goldman Sachs.

Source: Forbes December 14, 2018 13:01 UTC