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Elon Musk’s Man in the Treasury Is Still Holding Down His Day Job as Software CEO

Elon Musk’s Man in the Treasury Is Still Holding Down His Day Job as Software CEO

This morning, the workers were U.S. Treasury Department of Finance Services (BFS) received an email announcing software director Tom Krause and Elon Musk Ally“Appointed to perform the delegated duties of the Assistant Financial Secretary.” This character was previously occupied by David Lebryk Resign after refusal To allow Musk’s so-called Ministry of Government Efficiency (DOGE) to access sensitive systems within the Ministry of Finance. Although Previous reports Krause, who is known as a special government employee, has already obtained the old position of Lebryk, and the email also specifically noted that Krause is “currently the chief of the cloud software group.” Executive Officer”.

“Tom brings over 20 years of experience in leading, building and positioning software and technology companies to gain value and long-term success,” the email reads. “Tom is currently managing and operating multiple mission-critical enterprise software businesses,” the email said. CEO of Cloud Software Group.”

To answer the question of Wired, a representative of the company said “Tom is the CEO of Cloud Software Group” and forwarded a copy of the email sent to the company’s employees last week, Klaus wrote: In addition to my duties, CEO of Cloud Software Group, I recommend the U.S. Treasury as a “special government employee.” I am honored to serve our country.” Critics believe that Krause Conflict of interest.

The Ministry of Finance did not immediately respond to a request for comment. Cloud Software Group did not answer questions about whether Klaus would continue to earn salaries from the company while at the U.S. Treasury.

In the affidavit filed on Thursday litigation American Retirement Alliance v. Treasury v.Krause wrote: “While taking the Treasury position, I have also been working as CEO of Cloud Software Group, Inc., [is] A private company composed of multiple enterprise software businesses. This arrangement has been approved by the Ministry of Finance’s Ethics Office, which they determined that this arrangement is permitted based on my role as SGE.

“I can’t think of another example of this happening, but I do think it’s part of a broader model of erasing conflicts of interest within the federal government,” said Don Moynihan, a professor of public policy at the University of Michigan. “Federal employees cannot get more than $25 gifts from people who may try to influence their behavior. On the other hand, their bosses are running private companies at the same time, while also operating part of the government that affects their business.”

He said the Treasury, in particular, could create a conflict of interest across the industry because “it affects everything.” Any so-called conflict of interest may not be limited to Klaus’ own company. “Now there is a network of people from Silicon Valley and American companies working together,” Moynihan said. “So, it’s not just a conflict of interest he might have with his business, but the help he has taken to Helping to effectively manage the wider network of government now.”

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