If you want to understand U.S. Secretary of the Treasury Steven Mnuchin, you have to know why he sometimes avoids Pebble Beach.
If you want to understand U.S. Secretary of the Treasury Steven Mnuchin, you have to know why he sometimes avoids Pebble Beach. The spot on the North Lawn of the White House has nothing to do with the luxurious golf resort in California or, for that matter, President Donald Trump’s favorite weekend sport. The last few administrations have relegated the 24-hour media scrum here, a once-graveled-now-paved space that still invites plenty of mudslinging. Indeed, more than a few of Trump’s advisers have strolled onto Pebble Beach to go live with their frustrations about working in an infamously adversarial White House—and found themselves in quagmires.
But not Mnuchin, who takes a 200-foot jaunt through the west side of the Treasury Department, past a replica of the Liberty Bell, to reach the White House for private talks with his boss. That’s one way he’s managed so far to stay in the good graces of a president who values loyalty above all—and rates his advisers on their media performances. The strategy of selective silence, keeping any hint of disagreement with Trump out of the press, has also become Mnuchin’s way of remaining faithful to the economic agenda he helped craft—one that’s sometimes put him at odds with others in the White House—and preserving his credibility with financial markets. For now it’s kept Mnuchin, 55, employed in an administration that’s seen, according to the Brookings Institution, 22 high-level officials resign or be forced out since Trump took office. One, Anthony Scaramucci, was cashiered after just 10 days.
Denne historien er fra August 13, 2018-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 13, 2018-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers