EDITOR'S NOTE: This article was originally published by The Deal, a sister publication of TheStreet that offers sophisticated insight and analysis on all types of deals, from inception to integration. Click here for a free trial.
Ex-Goldman Sachs (GS) partner Steve Mnuchin, co-founder of hedge fund Dune Capital Management, may be among President-elect Donald Trump's leading candidates for Treasury Secretary. But a closer look at his corporate ties raises questions about his willingness to take the job.
Mnuchin would be the third former Goldman Sachs alum to become Treasury Secretary, and if chosen, he and a large number of other Trump administration Cabinet picks would need to quit a wide variety of corporate board positions, according to a review by relationship mapping company BoardEx, a service of The Deal's parent, TheStreet.
Before taking on their new roles, the chosen Cabinet secretaries would also need to either sell investments or place them into a blind trust. Mnuchin owns about $100 million in CIT (CIT) stock, according to pay research firm Equilar.
As a result, many candidates may think twice before accepting a government job.
Giving up a board position typically means forgoing a lucrative pay package. According to the a report by the National Association of Corporate Directors and compensation firm Pearl Meyer, the median pay for public company directors was $186,610 in 2015, up slightly from $184,943 to in 2014. And for the largest 200 companies, that pay was actually closer to $266,000 a year in 2015.