George P. Bush failed to disclose financial interests in nearly a dozen companies

[TexasTowelie]

By Jay Root, Texas Tribune


Texas Land Commissioner George P. Bush failed to disclose his ties to at least 11 companies, including a Cayman Islands-based oil and gas firm that did business with a state fund he helps oversee, records obtained by The Texas Tribune show.

Arabella Exploration, which declared bankruptcy in 2017, put Bush on its board in January 2014, paid him $43,000 for his service and granted him stock options that were valued at over $100,000, regulatory filings show. The next year, a few months into his new job as land commissioner — and about a year after he left the Arabella board — the School Land Board, which Bush chairs, approved a lease agreement with Arabella for oil and gas exploration in West Texas, records show.

State politicians must provide details of their personal finances, including business dealings and corporate board service, every year to the Texas Ethics Commissions so voters can judge whether their elected leaders have any conflicts of interest.

Nowhere did Bush’s 2015 state disclosure mention Arabella, however. Nor did he list 10 other companies in which he has a stake on more recent disclosure forms. The other companies on the list include investments held or owned by St. Augustine Partners, LLC, some of them focused on the oil and gas business.

Read more: https://www.texastribune.org/2019/12/16/george-p-bush-failed-disclose-financial-interests-11-companies/

[louis-t]

1. Gee, I guess he just fergot.

[TexasTowelie]

2. Considering that he already revised his financial disclosure forms,

it seems like he would have made certain that those forms were very accurate. I could see missing one investment, but he missed ten investments?

[exboyfil]

3. And if he is that incompetent

Why is holding a position of public trust and seeking an even higher position of public trust?

[The_Counsel]

4. Mmm...Conflict of Interest. Impressive.

"The apple doesn't fall far..." something or other.

[alwaysinasnit]

5. I guess the apple does not fall far from the tree.

[Grins]

6. Imagine that...? Who does he think he is?

“Arabella...put Bush on its board...paid him $43,000...and granted him stock options...valued at over $100,000....”

Imagine putting a guy with zero experience in oil and gas on their board, paying him handsomely, and no one said said a peep even when he granted that company a lease agreement - via the Land Commission he chairs.

Who the hell does he think he is? Hunter Biden..?

Or do those rules only apply to Democrats?