Former Wall Street Rainmaker causes cleaning agency of US chips

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The former Top Wall Street Banker and for a long time elon musk ally, caused the US government office accused of using millions of dollars in subsidies.

A three-year-old agency, a three-year-old agency, which revived vital chip production, has become the last goal of the attack of Trump management to the government bureaucracy.

Last week, Michael Grimes, Former Morgan Stanley investing in the Musk’s 44-billion $ 44 billion Twitter, the investment banker and a small decline, a few people familiar with the issue

Grimes and his team seated within the office of the Department of Commerce, workers were searched for employees, a certain profile of employees.

“They asked mathematical questions:” What is the fourth strength of the fourth? “” He said. The other said they asked questions about their “intellectual strength.” Third, great workers described the interviews that included “low.”

The first Puskacc, the first place in the last minute, the first time axes, but five staff members, 22 resulted.

However, in January, dozens of employees were still abolished in one or two annual test contracts reflecting a directive from the Personnel Management Office clear By Tuesday.

The office had about 150 employees before. The dismissal of this personnel came to a number of depreciations that are deferred.

The terminates, all the “foreign and government work”, as well as policy consultants in the strategy section. On Tuesday, some staff already wrote to the agency leadership, which requires an employment.

A high management official confirmed that Grimes brought together the staff, but it was guided in the office of the decisions of the fire, he said he did not act.

On the fifth floor of the trade department, another Secretary General HOWARD Lutnick occupied a general advice kit on the fifth floor of the fifth floor.

“Everyone said, what Grimes is very stylish,” he said. “This is not a psychologically healthy place to work.”

Grimes is the first weeks of the second career in the government with Morgan Stanley, one of the company’s star investment bankers.

He heads the lists of exchanges for several technological companies, most importantly, the most important thing is to lead the mandate to lead the Uber IPO after working on the side of the drivers.

Recently, several musk allies were installed in agencies throughout the US government, and were assigned with staff expenses and staff. Similar efforts continue USAIDThe Veteran Work Department, the GSA and even defense department, with thousands of government officials and a billions of dollars.

In his speech on Tuesday, Trump, Biden’s the best of Joe Biden’s flagship policy, “something terrible”, and the house speaker Mike Johnson will call to cancel the act and re-distribute the event.

ChipMaker Intel and Taiwan’s TSMC He is among the biggest beneficiaries of the Chips Law and has already purchased financing trancing for large construction projects.

Intel with an additional $ 3 billion and $ 6.6 billion, respectively, with an additional $ 3 billion and $ 6.6 billion. South Korea’s Samsung allocated $ 4.8 billion. All three companies refused to comment.

People acquainted with the discussions between the Trump team and the industry, they could only assume what the latest actions can say for the program, which did not know whether they had to expect subsidies or any agreement.

However, they added that the main delegation, which is still needed to control the distribution of subsidies, has been still in place.

“President Trump has been given a mandate to restore the common sense of the American people in the government and restore the first economic policy of American American production tariffs and cancellation policy,” he said.

“History of TSMC $ 100 billion in investment The announcement is the real, material consequences of the Trump Administration’s approach to the American people, “he said.

An additional report by Demetri Sevastopulo, Joshua Franklin, Antoine Gara, Joe Miller and Arash Massoudi