On the Wednesday morning conference call, Mulvaney political appointee Anthony Welcher told board members that the bureau was looking for more diversity among its members and looking for ways to save money. But now-former board members say those arguments are misleading. The board's cost was several hundred thousand dollars, according to bureau officials, a small fraction of the bureau's estimated 2018 budget of $630.4 million. Several members including Max Levchin, founder and chief executive of financial services company Affirm, offered to pay their own travel costs.

Source: Los Angeles Times June 06, 2018 17:53 UTC