The richest politician on Capitol Hill is likely Georgia's recently appointed, controversial Senator Kelly Loeffler by mtindera07
n late March, with the stock market reeling from the effects of coronavirus, an explosive story took over the news: Members of the U.S. Senate, who had received early briefings on the potential effects of the coronavirus, had dumped stock positions, allowing them to avoid massive losses. No one had ditched more than newly appointed Georgia Republican Kelly Loeffler, who got rid of more than $20 million of shares from late January to March.
The story behind Loeffler’s fortune begins in 1997 with her husband, Jeff Sprecher. Then 42, Sprecher was working at a successful power plant developer and living in Beverly Hills, California, when he negotiated to buy a struggling Georgia company called Continental Power Exchange. His goal? Build out a platform that would allow traders to easily buy and sell energy commodities online.
Jeff Sprecher is the CEO of the New York Stock Exchange’s parent company, Intercontinental Exchange, or ICE. Senator Kelly Loeffler , who at the time also worked at ICE, married Sprecher in 2004.Loeffler, originally from Illinois, joined the company in 2002, after getting her M.B.A. at DePaul University in Chicago and building her career at Toyota, Citi and William Blair. Two years later, she and Sprecher married. In 2005, Sprecher took the business public. His 4.
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