The US Senate confirmed billionaire Stephen Feinberg to be second in charge at the Pentagon, where the private equity investor promised to fix longstanding issues.
The Senate on Friday voted 59-40 to back Feinberg as Deputy Secretary of Defense. The co-founder and chief executive officer of Cerberus Capital Management, who has a net worth of about $5.3 billion according to the Bloomberg Billionaires Index, is seen as providing high-level management experience that Donald Trump’s Defense Secretary Pete Hegseth lacks.
During his confirmation process last month, Feinberg cited “very significant” delays and cost overruns across efforts to build ...
