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Billionaire Feinberg Might Keep Cerberus Stake in New Trump Role

  • White House considering him for job reviewing defense spending
  • His companies make guns and train soldiers for U.S. military
Bloomberg business news

Feinberg Seeks to Keep Cerberus Stake in Trump Role

Stephen Feinberg, the billionaire under consideration for a national security role in the Trump administration, is seeking to keep his stake in his $30 billion investment firm, according to two people with knowledge of his preparations.

Cerberus Capital Management was the 17th biggest U.S. Army contractor in 2015, government records show, with holdings in companies that train soldiers and make rifles. By retaining his stake while advising the president, he would join a growing list of administration officials with ties to their businesses.