Biden coronavirus appointee has cut ties with Facebook, transition team says

The Verge


Photo by T.J. Kirkpatrick / Getty Images

President-elect Joe Biden’s incoming COVID czar, Jeffrey Zients, is facing new scrutiny over his corporate ties — particularly a two-year stint on Facebook’s board of directors. But the Biden transition team confirmed to The Verge that Zients liquidated his Facebook stock earlier this year and will retain no equity when he officially begins his White House role.

Zients joined the Facebook board in May 2018 in the wake of the Cambridge Analytica scandal but declined to seek reelection to the board when his term ended in 2020. Securities and Exchange Commission filings show he was compensated with $100,000 in cash and just over $300,000 in stock awards for his work chairing the board’s Audit & Risk Oversight Committee, which met 13 times...

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