Appointments and Executive Changes

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      Trump Picks Frank Bisignano to Lead Social Security Administration

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      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

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

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      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

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      Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

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      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

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      Kash Patel Would Bring Bravado and Baggage to F.B.I. Role

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      President-elect Donald J. Trump’s choice to run the F.B.I. has a record in and out of government that is likely to raise questions during his Senate confirmation hearings.Few people tapped for any top federal post, much less a job as vital as F.B.I. director, have come with quite so much bravado, bombast or baggage as Kash Patel.On Saturday, Mr. Patel, 44, a Long Island-born provocateur and right-wing operative, was named by President-elect Donald J. Trump to lead the F.B.I., an agency he has accused of leading a “deep state” witch hunt against Mr. Trump. The announcement amounted to a de facto dismissal of the current director, Christopher A. Wray, who was appointed to the job by Mr. Trump and still has almost three years left on his 10-year term.Mr. Patel’s maximum-volume threats to exact far-reaching revenge on Mr. Trump’s behalf have endeared him to his boss and Trump allies who say the bureau needs a disrupter to weed out bias and reshape its culture.But his record as a public official and his incendiary public comments are likely to provoke intense questioning when the Senate weighs his nomination — and determines whether he should run an agency charged with protecting Americans from terrorism, street crime, cartels and political corruption, along with the threat posed by China, which Mr. Wray has described as existential.Here are some of the things Mr. Patel has said and done that could complicate his confirmation.He was accused of nearly botching a high-stakes hostage rescue.In October 2020, Mr. Patel, then a senior national intelligence official in the Trump administration, inserted himself into a secret effort by members of SEAL Team Six to rescue Philip Walton, an American who was 27 at the time and had been kidnapped by gunmen in Niger and taken to Nigeria.Mr. Patel, whose involvement broke with protocol, assured the State and Defense Departments that the Nigerian government had been told of the operation.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

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      Trump Names Charles Kushner as Pick for Ambassador to France

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      The announcement elevated Mr. Kushner, the father of President Donald J. Trump’s son-in-law and the recipient of a presidential pardon at the end of Mr. Trump’s first term.President-elect Donald J. Trump announced on Saturday that he would name Charles Kushner, the wealthy real estate executive and father of his son-in-law, Jared Kushner, to serve as ambassador to France, handing one of his earliest and most high-profile ambassador appointments to a close family associate.The announcement was the latest step in a long-running exchange of political support between the two men. Mr. Kushner received a pardon from Mr. Trump in the final days of his first term for a variety of violations and then emerged as a major donor to Mr. Trump’s 2024 campaign.“I am pleased to nominate Charles Kushner, of New Jersey, to serve as the U.S. Ambassador to France,” Mr. Trump wrote in a social media post announcing his choice. “He is a tremendous business leader, philanthropist, & dealmaker, who will be a strong advocate representing our Country & its interests.”Mr. Kushner, 70, pleaded guilty in 2004 to 16 counts of tax evasion, a single count of retaliating against a federal witness and one of lying to the Federal Election Commission in a case that became a lasting source of embarrassment for the family. As part of the plea, Mr. Kushner admitted to hiring a prostitute to seduce his brother-in-law, a witness in a federal campaign finance investigation, and sending a videotape of the encounter to his sister.Mr. Trump granted Mr. Kushner clemency as part of a wave of 26 pardons he issued with roughly a month left in his first term, along with other close associates including Paul Manafort, his 2016 campaign chairman, and Roger J. Stone Jr., a longtime ally and informal adviser.In addition to securing a pardon for himself, Mr. Kushner was instrumental in helping others seeking clemency elevate their cases, relying on his son as a bridge to help get applications in front of Mr. Trump.The case against Mr. Kushner was prosecuted by Chris Christie, the former New Jersey governor who was then a U.S. attorney. Mr. Christie has since become a vocal critic of Mr. Trump’s and continued to describe Mr. Kushner’s transgressions as severe.Mr. Kushner served two years in prison before his release in 2006.While widely seen as one of the most prized ambassador positions, the role Mr. Kushner will be nominated for could be complicated by the at times standoffish position Mr. Trump took toward President Emmanuel Macron of France during his first term.As president, Mr. Trump also expressed support for Mr. Macron’s far-right challenger in the 2017 French presidential election, Marine Le Pen, whose hard-line stance against immigration Mr. Trump praised.Mr. Macron, who has been a staunch supporter of both the North Atlantic Treaty Organization and Ukraine, will serve until mid-2027. Mr. Trump has repeatedly questioned the value of Western support for Ukraine in its fight against Russia’s invasion, and has also publicly sparred with Mr. Macron over other contentious policy disagreements, including trade issues and the U.S. withdrawal from a nuclear deal with Iran. More

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      Pete Hegseth’s Mother Accused Her Son of Mistreating Women for Years

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      Penelope Hegseth made the accusation in an email to her son in 2018, amid his contentious divorce. She said on Friday that she regretted the email and had apologized to him.The mother of Pete Hegseth, President-elect Donald J. Trump’s pick for secretary of defense, wrote him an email in 2018 saying he had routinely mistreated women for years and displayed a lack of character.“On behalf of all the women (and I know it’s many) you have abused in some way, I say … get some help and take an honest look at yourself,” Penelope Hegseth wrote, stating that she still loved him.She also wrote: “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego. You are that man (and have been for years) and as your mother, it pains me and embarrasses me to say that, but it is the sad, sad truth.”Mrs. Hegseth, in a phone interview with The New York Times on Friday, said that she had sent her son an immediate follow-up email at the time apologizing for what she had written. She said she had fired off the original email “in anger, with emotion” at a time when he and his wife were going through a very difficult divorce.In the interview, she defended her son and disavowed the sentiments she had expressed in the initial email about his character and treatment of women. “It is not true. It has never been true,” she said. She added: “I know my son. He is a good father, husband.” She said that publishing the contents of the first email was “disgusting.”Questions about Mr. Hegseth’s treatment of women have emerged in the weeks since Mr. Trump chose him, a veteran of the Iraq and Afghanistan wars, to lead the Pentagon. The issue is expected to be a subject of scrutiny during Senate confirmation hearings.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

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      UK Transport Secretary Louise Haigh Resigns After Fraud Conviction Revealed

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      In the latest setback for Prime Minister Keir Starmer, Louise Haigh resigned from the cabinet Friday after admitting she pleaded guilty to a type of fraud in 2014.Prime Minister Keir Starmer of Britain suffered the first resignation from his cabinet on Friday when the transport secretary, Louise Haigh, quit hours after it emerged that she had been convicted of a fraud offense involving a phone a decade ago.The departure is a blow to Mr. Starmer, who has been buffeted by a series of setbacks since Labour won the election in July, but the speed with which Ms. Haigh resigned suggests Downing Street is hoping to minimize the political fallout.As transport secretary, Ms. Haigh had overseen one of Labour’s flagship policies of bringing Britain’s troubled private rail network back into public ownership, through legislation which recently completed its passage through Parliament.Her resignation was triggered by reports from Sky News and The Times of London on Thursday night that revealed she had pleaded guilty to an offense in 2013. At the time she was 24 and working for Aviva, an insurance firm, when she was mugged in London.In her letter of resignation Ms. Haigh said “the experience was terrifying,” and said, “in the immediate aftermath, I reported the incident to the police. I gave the police a list of my possessions that I believed had been stolen, including my work phone.”She added: “Some time later, I discovered that the handset in question was still in my house. I should have immediately informed my employer and not doing so straight away was a mistake.”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

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      Linda McMahon Was Questioned About WWE in Previous Connecticut Education Role

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      Linda McMahon, whose résumé mainly rests on running World Wrestling Entertainment, has faced questions for years over whether she is suitable for important education posts.Appointees to the State Board of Education usually sail through the confirmation process in Connecticut’s House of Representatives, but a 2009 choice, Linda E. McMahon, drew intense pushback.Andrew Fleischmann, who then chaired the House Education Committee, remembers being offended by her selection and leading the opposition.“She had no involvement whatsoever in education,” Mr. Fleischmann, a Democrat, said in a recent interview. “She’s made tens or hundreds of millions of dollars pushing violence and sexualization of young women. She was a real force for doing ill to kids in our country.”Ms. McMahon’s company, World Wrestling Entertainment, was criticized for promoting violence, steroid use and sexualized content. In the early 2000s, Ms. McMahon would go so far as to engage in the W.W.E.’s theatrics herself. She kicked her husband, Vince McMahon, the company’s co-founder, in the groin in one routine. In another, she appeared to slap her daughter, Stephanie, and knock her to the floor.After a contentious floor debate, the House voted to approve Ms. McMahon by a vote of 96-45, an unusual split for a minor appointment in Connecticut.Ms. McMahon may soon face another confirmation, this time as President-elect Donald J. Trump’s nominee for Secretary of Education.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