UPDATED: Several McDonnell cabinet nominees serve on their own boards
Last week, Virginia's incoming governor, McDonnell announced that he will allow all his Cabinet secretaries to serve on corporate boards, as a way to defend his new secretary of commerce and trade, Robert Sledd, who has been under fire for sitting for sitting on three corporate boards.
So today -- the day most of McDonnell's Cabinet secretaries were required to file their statement of economic interest forms with the state -- we thought we would take a look at whether any of them besides Sledd actually serve on boards.
Three of them -- Jim Duffy (technology), Doug Domenech (natural resources) and Janet Polarek (commonwealth) -- serve on boards of their own consulting firms, though presumably they will be resigning from them when they officially take office next week.
Two of them -- Bill Hazel (health) and Gerard Robinson (education) -- were named too recently to be required to file their forms today. We'll check back later and let you know what they said.
Sledd's statement of economic interest shows that he is indeed on the three boards. He resigned last month from a unpaid position on the board of the not-for-profit Bon Secours Health Systems, but still serves as an unpaid managing partner of Sledd Partners LLC.
The documents also show he has hundreds of thousands of dollars of stock in Virginia companies -- Carmax (between $10,000 and $50,000) Universal Corp. (between $50,000 and $250,000), Owens & Minor (between $50,000 and $250,000) and Markel Corp (more than $250,000) and Genworth (more than $250,000), among others.
Sledd has offered to put the assets in a blind trust, a McDonnell spokesman said. Gov. Mark Warner did the same thing when he was elected in 2001.
Senate Democrats say they have the votes to block the confirmation of Sledd if he does not step down from the boards of the three large, global companies: tobacco giant Universal; Owens & Minor, a medical supply company; and Pool Corp., a wholesaler of swimming pool and spa equipment.
McDonnell said again today the same thing he has said all week: "We're going to find a way work this thing out.''
Time is running out. Cabinet secretaries will be sworn in this weekend, but will be confirmed by the General Assembly later after the fact.
January 15, 2010; 6:27 PM ET
Categories: Anita Kumar , Robert F. McDonnell
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