Tuesday, December 6, 2016
POLITICS: CUBS CO OWNER TODD RICKETTS NAMED DEPUTY SECRETARY OF COMMERCE
President-elect Donald Trump recently said that he had chosen Todd Ricketts, co-owner of the Chicago Cubs and the son of one of his top donors during the campaign, to serve as deputy secretary of commerce. Mr. Ricketts, who previously worked for his billionaire family’s financial firms and has more recently managed his family’s political spending, will serve under Wilbur Ross Jr., whom Trump said he had chosen to serve as commerce secretary. Mr. Ross, a billionaire businessman, was also a top fundraiser for Mr. Trump during the campaign. In a statement, Mr. Trump called Mr. Ricketts an “immensely successful businessman” and praised his family’s management of the Chicago Cubs as “one perfect step after another.” Mr. Ricketts’s father, Joe, is the founder of TD Ameritrade Holding Corp. The family purchased the Cubs in 2009. Earlier this month, the team won Major League Baseball’s World Series for the first time since 1908.