According to a report from Bloomberg, employees working for the government office tasked with overseeing economic sanctions imposed by President Donald Trump’s administration are fleeing to greener pastures due to mismanagement and office infighting.
The report states that the Office of Foreign Assets Control has seen turnover at a time when Trump “has nearly doubled the number of people and companies under U.S. sanctions.”
While some are accepting jobs on Wall Street — which increasingly needs expertise on the president’s seemingly arbitrary economic policies — others say the office is being mismanaged under department head Sigal Mandelker.
According to the report, “some who have left also blame Mandelker, 47, the undersecretary for Treasury’s Terrorism and Financial Intelligence unit, or TFI, which is composed of four offices, including OFAC.”
“While they say Mandelker is smart and well-versed, people familiar with her work also call her disorganized, indecisive and short-tempered and say she has embroiled her staff in feuds with a deputy, Marshall Billingslea,” the report continues.
According to Bloomberg, more than 20 staffers — who asked to remain anonymous — claim, “Mandelker’s poor leadership has hurt morale across the units she oversees.”
The report notes that the office “has the power to freeze billions of dollars in assets, blacklist individuals and companies from participating in the U.S. economy and punish violations.”
You can read more here.