There was some grumbling in Congress when the Trump administration installed Stephen Feinberg, a billionaire from New York, as the second man in the Pentagon. Feinberg had previously led Cerberus Capital Management which has various financial interests in Pentagon purveyors. He had also been chair of the President’s Intelligence Advisory Board from 2018 to 2021, during the first Trump administration.
Feinberg first made headlines when the Pentagon invested billions to take equity stakes in more than a dozen private businesses. There are serious concerns that Feinberg is directing money to businesses he himself and/or Donald Trump’s family are interested in.
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