Trump's top health official traded tobacco stock while leading anti-smoking efforts
Source: Politico
CDC Director Brenda Fitzgerald bought shares in a global tobacco giant even as her previous holdings were under review.
By SARAH KARLIN-SMITH and BRIANNA EHLEY 01/30/2018 05:44 PM EST Updated 01/30/2018 06:41 PM EST
The Trump administration’s top public health official bought shares in a tobacco company one month into her leadership of the agency charged with reducing tobacco use — the leading cause of preventable disease and death and an issue she had long championed.
The stock was one of about a dozen new investments that Brenda Fitzgerald, director of the CDC, made after she took over the agency’s top job, according to documents obtained by POLITICO. Fitzgerald has since come under congressional scrutiny for slow walking divestment from older holdings that government officials said posed potential conflicts of interest.
Buying shares of tobacco companies raises even more flags than Fitzgerald’s trading in drug and food companies because it stands in such stark contrast to CDC’s mission to persuade smokers to quit and keep children from becoming addicted. Critics say her trading behavior broke with ethical norms for public health officials and was, at best, sloppy. At worst, they say, it was legally problematic if she didn't recuse herself from government activities that could have affected her investments.
“You don’t buy tobacco stocks when you are the head of the CDC. It’s ridiculous, it gives a terrible appearance,” said Richard Painter, who served as George W. Bush’s chief ethics lawyer from 2005 to 2007. He described the move as “tone deaf,” given CDC’s role in leading anti-smoking efforts.
Read more: https://www.politico.com/story/2018/01/30/cdc-director-tobacco-stocks-after-appointment-316245
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