• Rex Tillerson and Donald Trump Were a Terrible Fit. That's All There Is To It

    2 monthes ago - By Fortune

    Former Secretary of State Rex Tillerson and President Donald Trump, who just fired him, were a terrible fit from day one. It's pointless to seek a more profound truth here, as media boffins will insist on doing. The news doesn't show that business leaders are unfit for government service, though it does illustrate the old observation that if they choose to serve, they'll probably be miserable. The larger, worrying trend is that after Gary Cohn's resignation as Trump's chief economic adviser , the administration in one week has lost two of its most substantial members.
    The bad fit should...
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  • Trump loses two free trade advocates in one week

    2 monthes ago - By CNN Mone

    The departures of Gary Cohn and Rex Tillerson come as President Trump prepares to impose sweeping tariffs.
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  • Tillerson Has 180 Million Reasons Not to Return to the Oil Industry

    2 monthes ago - By Fortune

    It isn't clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry.
    The freshly ousted secretary of state's exit package from former employer Exxon Mobil Corp. stipulates that if Tillerson returns to the private sector to work for a competitor, he could forfeit roughly $180 million in deferred compensation.
    Exxon created a payout plan in January 2017 for Tillerson, who had led Exxon since 2006 before serving in the Trump administration, to compensate him for more than 2 million unvested shares and stock units while removing any conflicts of...
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  • The U.S. Secretary of State was fired. On Twitter

    The U.S. Secretary of State was fired. On Twitter

    2 monthes ago - By Tech Crunch

    President Donald Trump just fired his embattled Secretary of State, Rex Tillerson, via Twitter this morning; replacing him with former Tea Party Congressman and current Central Intelligence Agency chief Mike Pompeo. Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the...
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  • Why Trump's Personal Assistant Was Abruptly Fired and Escorted Off White House Grounds

    2 monthes ago - By Fortune

    President Donald Trump is culling the ranks again. This time, amid the tumult of Secretary of State Rex Tillerson's departure, was the abrupt firing of a less public figure: Trump's personal assistant John McEntee.
    McEntee, who has been by Trump's side for the past three years, was escorted out of the White House on Monday afternoon, the Wall Street Journal reported. There are few details about his firing, except that it was related to serious financial crimes. McEntee left without his belongings and wasn't even able to grab his jacket as he was escorted out of the White House and into the...
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  • Wall St. Higher as Easing Inflation Worries Outweigh Tillerson Exit

    2 monthes ago - By NY Times

    Wall Street's main indexes rose on Tuesday as fears of faster interest rate hikes eased after a tepid U.S. consumer prices data and investors shrugged off news of U.S. Secretary of State Rex Tillerson's ouster.
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  • Tillerson found out he was fired when Trump tweeted about it - and he doesn't know the reason behind his ouster

    Tillerson found out he was fired when Trump tweeted about it - and he doesn't know the reason behind his ouster

    2 monthes ago - By Business Insider

    The State Department said that Secretary of State Rex Tillerson was informed of his own firing by President Donald Trump's Tuesday morning tweet announcing the news.
    The secretary said that he was "unaware of the reason" for his firing, which he did not discuss with Trump before the president announced his ouster on Tuesday morning .
    "The Secretary had every intention of staying because of the critical progress made in national security," Under-Secretary of State Steve Goldstein said in a statement.
    The State Department said that Secretary of State Rex Tillerson was informed of his own...
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  • Gold 'loves any turbulence' as metal rises following Tillerson's exit

    2 monthes ago - By CNBC

    Gold was bid higher after Secretary of State Rex Tillerson became the latest high profile casualty of the Trump administration.
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  • President Trump to Replace Secretary of State Rex Tillerson With Mike Pompeo

    2 monthes ago - By Fortune

    U.S. Secretary of State Rex Tillerson was ousted Tuesday after months of strained relations with President Donald Trump, who sometimes used tweets to disparage the former Exxon Mobil Corp. CEO's efforts at international diplomacy.
    The move comes as Trump is about to embark on historic and high-stakes talks with North Korean leader Kim Jong Un.
    Trump said he's nominating CIA Director Mike Pompeo to replace Tillerson. Deputy CIA Director Gina Haspel will succeed Pompeo, becoming the first woman to lead the agency, Trump said.
    "I am proud to nominate the Director of the Central Intelligence...
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  • Donald Trump Just Ousted Rex Tillerson. Was His Secretary of State Tenure the Shortest Ever?

    2 monthes ago - By Fortune

    Donald Trump's decision to oust Secretary of State Rex Tillerson on Tuesday came as somewhat of a shock, even though the president had reportedly been considering removing the one-time Exxon CEO from
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  • Read the State Department's Response to President Trump Replacing Rex Tillerson With Mike Pompeo

    2 monthes ago - By Fortune

    There's been another shakeup in President Trump's administration, and while it has been rumored and hinted at for months , the shock at the latest departure is no less resonant.
    The President announced via Twitter on Tuesday morning that he is replacing U.S. Secretary of State Rex Tillerson with current CIA Director Mike Pompeo. According to the Washington Post , White House officials said that Trump notified Tillerson of the decision last Friday.
    Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his...
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  • Tillerson's ouster came one day after his most vehement condemnation yet of Russia

    Tillerson's ouster came one day after his most vehement condemnation yet of Russia

    2 monthes ago - By Business Insider

    President Donald Trump ousted Secretary of State Rex Tillerson one day after Tillerson explicitly blamed Russia for a chemical attack against a former Russian spy living in the UK.
    While the White House called the attack "reckless" and "indiscriminate," it declined to specifically name Russia as the perpetrator.
    Tillerson told reporters later in the day that the attack "clearly" came from Russia and said it was "beyond comprehension" that "an organized state" would take such an action.
    On Tuesday, President Donald Trump ousted Secretary of State Rex Tillerson and replaced him with CIA...
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  • Trump replaced Tillerson, a realist, with Pompeo, a hawk - and it could set up confrontation with North Korea

    Trump replaced Tillerson, a realist, with Pompeo, a hawk - and it could set up confrontation with North Korea

    2 monthes ago - By Business Insider

    President Donald Trump announced on Tuesday that he would replace Secretary of State Rex Tillerson with CIA Director Mike Pompeo in a move that could make the US more hawkish towards North Korea.
    Tillerson was thought to be a voice that cautioned Trump against striking North Korea while Pompeo has come off consistently hawkish.
    The US has a tricky patch of diplomacy coming up with North Korea as Trump and Kim Jong Un prepare to meet, and if diplomacy fails, the US could get even tougher on Pyongyang.
    President Donald Trump announced on Tuesday that he would replace Secretary of State Rex...
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  • Wall Street opens higher

    2 monthes ago - By Reuters

    Wall Street's main indexes opened higher on Tuesday as a decline in expectations for the pace of interest rate rises outweighed news of Rex Tillerson's ouster as U.S. Secretary of State.
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  • Trump fires Rex Tillerson, replaces him with former CIA director Mike Pompeo

    2 monthes ago - By Fast Company

    The Trump administration's chaos continues with news that the president has fired Rex Tillerson as Secretary of State and brought in former CIA director Mike Pompeo in his place, The Washington Post reported and the president confirmed with a tweet, Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a...
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  • President Trump to Replace Secretary of State Rex Tillerson With Mike Pompeo

    2 monthes ago - By Fortune

    U.S. Secretary of State Rex Tillerson was ousted Tuesday after months of strained relations with President Donald Trump, who sometimes used tweets to disparage the former Exxon Mobil CEO's efforts at international diplomacy.
    Trump said he is nominating CIA Director Mike Pompeo to replace Tillerson.
    “I am proud to nominate the Director of the Central Intelligence Agency, Mike Pompeo, to be our new Secretary of State," Trump said in a statement.
    Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his service!...
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  • Trump ousts Secretary of State Rex Tillerson

    Trump ousts Secretary of State Rex Tillerson

    2 monthes ago - By Business Insider

    President Donald Trump reportedly ousted his secretary of state, Rex Tillerson.
    Tillerson had faced reports of tension between him and the president for months.
    President Donald Trump has reportedly asked Secretary of State Rex Tillerson to leave his post, The Washington Post reported Tuesday.
    CIA Director Mike Pompeo will replace him.
    Trump reportedly asked Tillerson to step down on Friday. Trump confirmed the news in a tweet Tuesday.
    Tillerson is currently on a diplomatic trip in Africa.
    Tillerson had faced reports of tension between him and Trump for months, and repeatedly denied that...
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