He’ll retain his possession stake within the Houston Rockets if confirmed because the U.S. ambassador to Italy and San Marino.
HOUSTON — Tilman Fertitta plans to resign as CEO of Landry’s Inc. to take a job in President Donald Trump’s administration.
Fertitta wrote in a letter to the U.S. Workplace of Authorities Ethics posted by the Houston Chronicle that he would resign from the corporate if confirmed because the U.S. ambassador to Italy and San Marino. Nevertheless, he’ll retain his possession stake within the Houston Rockets if confirmed.
Fertitta wrote that he’s eligible to obtain a severance cost from Fertitta Leisure LLC however elected to forfeit it in favor of a lump-sum cost of his deferred compensation plan following his resignation, per the letter. He’ll proceed to retain a passive curiosity in his entities however will solely obtain passive funding revenue.
The Houston Enterprise Journal has reached out to Fertitta’s spokesperson for extra data.
Proceed studying this story on the Houston Enterprise Journal’s web site.
This story got here to us via our partnership with the Houston Enterprise Journal. Sustain with the newest Houston enterprise headlines right here.
