More stories

  • in

    Matea Gold Named Washington Editor of The New York Times

    Ms. Gold, a managing editor at The Washington Post, is the latest in a series of high-profile departures from the paper.Matea Gold, a managing editor at The Washington Post who until recently was a contender for the newspaper’s top editing role, is joining The New York Times as a senior editor in its Washington bureau.Ms. Gold will be Washington editor for The Times, reporting to its newly appointed Washington bureau chief, Dick Stevenson, the company said on Monday. She starts in January.Since May 2023, Ms. Gold, 50, has been a managing editor overseeing The Post’s political, local and investigative coverage. She was previously the newspaper’s national editor, leading a staff of 150 journalists. Ms. Gold joined The Post more than a decade ago from The Los Angeles Times and has served in a variety of roles, covering politics as a reporter and shepherding ambitious political investigations.Under Ms. Gold’s supervision, The Post’s national staff contributed to Pulitzer Prize-winning coverage of the Jan. 6, 2021, attack on the U.S. Capitol. The Post’s national staff also won a Pulitzer for a feature article on the impact of the Supreme Court’s decision to overturn Roe v. Wade and end the constitutionally protected right to abortion.Her departure is the latest in a series of high-profile exits from The Post news and opinion departments in recent months.The newsroom has been in turmoil since Will Lewis, the company’s chief executive, abruptly forced out the paper’s top editor, Sally Buzbee, in June. Matt Murray, the former top editor of The Wall Street Journal, has led the newsroom on an interim basis since then. Several journalists from the opinion section stepped down from their positions after Jeff Bezos, the paper’s owner, decided shortly before the U.S. presidential election that the paper would not endorse a candidate for president.The Post is searching for a permanent top editor for its news department. Ms. Gold had been considered a candidate for executive editor of The Post, according to two people familiar with the search process. Other candidates include Clifford Levy, a former deputy managing editor of The Times and now the deputy publisher of Wirecutter, The Times’s product recommendation site, and The Athletic, its sports site, the people said. Mr. Murray is also a candidate, the people said.One of the final hurdles is an interview with Mr. Bezos, the billionaire founder of Amazon, who weighs in on hiring decisions for top positions.Ms. Gold joins The Times amid changes in the top ranks of its Washington bureau. The Times announced in November that Elisabeth Bumiller, who had led the bureau since 2015, would be stepping down from that role and returning to reporting. Mr. Stevenson, who has worked at The Times in various reporting and editing jobs for nearly 40 years, will be taking over for her in January. More

  • in

    Trump Picks Former Ambassador to Mexico for Deputy Secretary of State

    Christopher Landau is a longtime lawyer and the son of a veteran U.S. diplomat who served as ambassador to three nations in Latin America.President-elect Donald J. Trump announced on Sunday that he had picked Christopher Landau, a lawyer and former ambassador to Mexico, to be the deputy secretary of state.If confirmed by the Senate, Mr. Landau would work with the secretary of state to carry out Mr. Trump’s foreign policy, which has several core components: stemming illegal immigration, imposing tariffs to try to jump-start American manufacturing, keeping the United States out of wars and getting allies to pay for a greater share of military defense arrangements.Mr. Trump has said he will talk with autocrats to try to reach deals, including Vladimir V. Putin of Russia, Xi Jinping of China and Kim Jong-un of North Korea.Mr. Trump has picked Senator Marco Rubio of Florida to be secretary of state. Mr. Rubio is awaiting Senate confirmation, as is Mr. Landau.Mr. Trump made the announcement about Mr. Landau in a social media post on Sunday night, saying Mr. Landau would work with Mr. Rubio “to promote our Nation’s security and prosperity through an America First Foreign Policy.”Because of his background in dealing with Mexico, Mr. Landau could be tasked with handling migration and tariffs, which would involve coordinating with other U.S. agencies. Mr. Trump has promised to deport large numbers of undocumented immigrants. In the announcement, Mr. Trump said Mr. Landau had helped reduce illegal immigration when he was ambassador.Mr. Landau served as Mr. Trump’s ambassador to Mexico from 2019 to 2021, when he left after Mr. Trump lost his re-election bid to President Biden. Mr. Landau works in the Washington office of the law firm Ellis George and had a three-decade career as a lawyer before becoming ambassador. A graduate of Harvard Law School, Mr. Landau worked as a clerk for the Supreme Court justices Antonin Scalia and Clarence Thomas.Mr. Landau had ties to the State Department before he was appointed ambassador by Mr. Trump. He was born in Madrid, to a father who was a U.S. diplomat. His father, George Landau, later became ambassador to Paraguay, Chile and Venezuela. In his adult life, the younger Mr. Landau became a director of the Diplomacy Center Foundation, a nonprofit group that supports a museum about American diplomacy inside the State Department.Like Mr. Landau, Mr. Rubio, Mr. Trump’s pick for secretary of state, has a keen interest in Latin America. He is the son of Cuban immigrants, and, as a member of the Senate Foreign Relations Committee, he played an influential role on Venezuela policy in the first Trump administration.Mr. Landau was confirmed by the Senate to be ambassador to Mexico, and he is expected to have little problem being confirmed again for the new position. More

  • in

    Elon Musk and the Tech Billionaires Steering Trump’s Transition Team

    The involvement of wealthy investors has made this presidential transition one of the most potentially conflict-ridden in modern history.The week after the November election, President-elect Donald J. Trump gathered his top advisers in the tearoom at his Florida resort, Mar-a-Lago, to plan the transition to his second-term government.Mr. Trump had brought two of his most valued houseguests to the meeting: the billionaire Tesla boss Elon Musk and the billionaire co-founder of Oracle, Larry Ellison. The president-elect looked around the conference table and issued a joking-not-joking challenge.“I brought the two richest people in the world today,” Mr. Trump told his advisers, according to a person who was in the room. “What did you bring?”Mr. Trump has delighted in a critical addition to his transition team: the Silicon Valley billionaires and millionaires who have been all over the transition, shaping hiring decisions and even conducting interviews for senior-level jobs. Many of those who are not formally involved, like Mr. Ellison, have been happy to sit in on the meetings.Their involvement, to a degree far deeper than previously reported, has made this one of the most potentially conflict-ridden presidential transitions in modern history. It also carries what could be vast implications for the Trump administration’s policies on issues including taxes and the regulation of artificial intelligence, not to mention clashing mightily with the notion that Mr. Trump’s brand of populism is all about helping the working man.The presence of the Silicon Valley crew during critical moments also reflects something larger. Silicon Valley was once seen as a Democratic stronghold, but the new generation of tech leaders — epitomized by Mr. Musk — often has a right-wing ideology and a sense that they have an opportunity now to shift the balance of power in favor of less-fettered entrepreneurship.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    The Kennedy Center’s Chairman Won’t Depart After All

    As the nation’s capital prepares for a second Trump administration, the performing arts center announced that its chairman would not step down in January as planned.The White House was not the only Washington institution planning to welcome new leadership in January. The John F. Kennedy Center for the Performing Arts had announced that its longtime board chairman, David M. Rubenstein, would step down in January and had appointed a search committee to find a successor.But last month, shortly after the presidential election, the Kennedy Center announced that Mr. Rubenstein, a private equity titan who has led its board of 14 years, would stay on in the position until September 2026.The decision ensures continuity at a moment when the Kennedy Center, like much of Washington, is preparing for a second Trump administration. (On Sunday, President Biden is expected to attend the Kennedy Center Honors as it celebrates Francis Ford Coppola, the Grateful Dead and Bonnie Raitt; President-elect Donald J. Trump did not attend the ceremonies during his first term.) But it also raises questions about why the center failed to find a new chair.Deborah F. Rutter, the center’s president, said that on Nov. 15 the board’s search committee decided to keep Mr. Rubenstein on in part because the center is in the quiet phase of an endowment campaign, making a leadership transition “really tough.”“We looked at the needs of the Kennedy Center in a variety of different ways moving forward,” she said in an interview. “It is important for us to have somebody who knows the center and who knows and can play the leadership role that we need.”Mr. Rubenstein, a co-founder and co-chairman of the Carlyle Group, a private equity firm, has given the center $111 million over the years. He was initially appointed by former President George W. Bush. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    Trump Defends His Imperiled Pick for Defense Secretary, Pete Hegseth

    President-elect Donald J. Trump gave a public show of support to his embattled choice for defense secretary, Pete Hegseth, on Friday morning, saying in a social media post that he will be “fantastic” in the job and that he has a “military state of mind.”Mr. Hegseth has spent the last two days fighting to stay as Mr. Trump’s choice to lead the Pentagon amid mounting news reports alleging troubling behaviors over time including rape, sexual assault, financial mismanagement and drunken behavior, which he denies.Mr. Trump’s post on Truth Social amounted to a public dare to Republican senators, a number of whom have expressed private concerns about Mr. Hegseth, to vote against his wishes. The president-elect until now has put relatively little of his own capital on the line for Mr. Hegseth and has even floated alternative candidates, such as Gov. Ron DeSantis of Florida, for the job.But on Friday, Mr. Trump doubled down publicly on his initial choice.“Pete Hegseth is doing very well. His support is strong and deep, much more so than the Fake News would have you believe,” Mr. Trump wrote. “He was a great student — Princeton/Harvard educated — with a Military state of mind. He will be a fantastic, high energy, Secretary of Defense Defense, one who leads with charisma and skill. Pete is a WINNER, and there is nothing that can be done to change that!!!”A string of damning news articles have reported problematic behavior. One woman filed a police report in 2017 accusing him of rape, which he denied and said was a consensual encounter. He entered into a settlement agreement with her that included a payment of money years later. The New York Times reported that Mr. Hegseth’s mother sent him an email in 2018 during a contentious divorce saying he had “abused” many women in different ways over the years. NBC News reported about concerns about Mr. Hegseth’s drinking, and The New Yorker reported that he had been accused of mismanagement of groups he had previously led.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    Trump Picks Frank Bisignano to Lead Social Security Administration

    President-elect Trump announced on Wednesday night that he had chosen Frank Bisignano, the chairman of the payment processing behemoth Fiserv, to be the commissioner of the Social Security Administration, a sizable federal agency with more than 1,200 field offices and almost 60,000 employees.“Frank is a business leader, with a tremendous track record of transforming large corporations,” the president-elect said in a post on social media. “He will be responsible to deliver on the Agency’s commitment to the American People.”Mr. Bisignano vaulted into one of the most coveted positions in the New York finance world in his late 20s as a senior vice president of what was then known as Shearson Lehman Brothers, the investment bank whose collapse in 2008 helped set off a global recession. After nearly five years at the bank in the late 1980s, he moved to other major Wall Street banks, first to Morgan Stanley, then to Citigroup and then JPMorgan Chase & Company.Mr. Bisignano was listed as the second-highest-paid chief executive in the country in 2017, one of the few to have been compensated more than $100 million that year and to have received more than 2,000 times the average employee’s salary at his firm, First Data Corporation, which later merged with Fiserv.Mr. Bisignano has a long history of political giving, mainly to Republicans. Federal campaign finance reports show that his wife, Tracy Bisignano, donated nearly $1 million to Mr. Trump’s campaign in October. But in November 2023, he had thrown $15,000 behind the presidential campaign of Chris Christie, a Republican former governor of New Jersey who ran on an anti-Trump bid but later dropped out of the race.Earlier on Wednesday, Mr. Trump uploaded an elaborate biography of Mr. Bisignano to social media and congratulated him and his family without mentioning the post to which Mr. Bisignano was being named. The president-elect made a clarification an hour later, ending the speculation on what Mr. Bisignano’s next job would be. More

  • in

    Trump Picks Warren Stephens, Billionaire Investment Banker, for U.K. Ambassador

    Warren Stephens, an investment banker and billionaire who donated to President-elect Donald J. Trump’s rivals before eventually supporting him in the 2024 race, was tapped as Mr. Trump’s ambassador to Britain on Monday.The selection of Mr. Stephens for the ambassadorship, a plum posting that often goes to one of the largest donors to presidential campaigns, was in part a nod to the American Opportunity Alliance, a big-money network of Republican donors in which Mr. Stephens plays a leadership role. Mr. Trump and the alliance had a tense relationship at times over the course of his campaign.In 2016, Mr. Stephens, the chief executive of Stephens, Inc., an investment bank based in Little Rock, Ark., gave $2 million to a group dedicated to stop Mr. Trump from winning the Republican presidential nomination. During the most recent election cycle, he backed other Republican presidential candidates, including Asa Hutchinson, Chris Christie, Mike Pence and Nikki Haley.Beginning in April, after it became evident that Mr. Trump would be the Republican nominee, Mr. Stephens donated over $3 million to support his campaign, according to federal campaign finance reports. He also donated $3.5 million to Mr. Trump’s super PACs in 2019 and 2020 during his re-election campaign.During his first term, Mr. Trump named another financial backer of his campaign, Woody Johnson, as ambassador to Britain.In a statement posted on social media, Mr. Trump praised his new pick for “selflessly giving back to his community as a philanthropist.”“Warren has always dreamed of serving the United States full time,” the president-elect said. “I am thrilled that he will now have that opportunity as the top Diplomat, representing the U.S.A. to one of America’s most cherished and beloved Allies.”Theodore Schleifer More

  • in

    Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

    Pat Gelsinger stepped down after nearly four years at the helm of the company, Intel said Monday.Intel’s chief executive officer, Pat Gelsinger, stepped down after nearly four years leading the semiconductor company, Intel announced Monday, a surprise leadership change as the chipmaker has struggled in recent months.Mr. Gelsinger, who took the helm in 2021, also resigned from the company’s board of directors. He will be replaced in the interim by two Intel executives, David Zinsner and Michelle Johnston Holthaus. The company said it would continue its search for permanent replacements.The leadership change signals Intel’s growing urgency to turn around its business, which has been left in the dust during the lucrative artificial intelligence boom that has turned its rival chipmaker, Nvidia, into one of the world’s most valuable companies. Intel recently cut 15,000 jobs, and its revenue declined more than 30 percent from 2021 through 2023.Shares of Intel rose about 5 percent in premarket trading, before paring back some of those gains, after the company announced Mr. Gelsinger’s retirement. A loss in market share and struggles in the A.I. market have contributed to a 52 percent slump in the company’s stock price so far this year.“We have much more work to do at the company and are committed to restoring investor confidence,” Frank Yeary, who will serve as the company’s interim executive chair on the board, said in a statement.Mr. Gelsinger said in the statement that the move was bittersweet. “It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics,” he added.Mr. Gelsinger first joined Intel in 1979, eventually ascending to become the company’s chief technology officer during his initial 30-year stint at the chipmaker. He led the cloud computing company VMware before rejoining Intel as chief executive in early 2021.For decades, Intel was the industry’s leading chip company. Its semiconductors were the digital engines in more than 80 percent of personal computers, and it later adapted that technology for larger computers in data centers.But in recent years, Intel lost its one-time dominance. It was too wedded to its highly lucrative PC-era technology, analysts say, as others — most notably, Nvidia — pioneered new designs. In manufacturing, Intel steadily lost its lead to Taiwan Semiconductor Manufacturing Company.As chief executive, Mr. Gelsinger focused on restoring the company’s onetime lead in chip manufacturing technology, but longtime company watchers said Intel badly needed more popular products — such as A.I. chips — to bolster declining revenue.The company had faced a number of recent setbacks, including the Biden administration last week saying it would reduce the total amount of money granted to Intel under the CHIPS Act. Intel had extended timelines for some projects beyond a government deadline of 2030.In October, the company posted a $16.6 billion quarterly loss — its biggest in its 56-year history.Steve Lohr More