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According to the Journal, however, Chao was paid out in stock shares, which have risen 13 percent since April 2018—the month she promised to be separated from Vulcan—and netted her a more than $40,000 gain. “If you look at her ethics agreement, it provides for a complete disentanglement of her interest from Vulcan Materials, and that’s what was represented to the Senate,” Walter Schaub, the former head of the Office of Government Ethics, told the Journal. “For the head of the DOT to have a financial interest in an asphalt company, that is not sending a message to employees of DOT that she is making ethics a priority.”
