Cubs Co-Owner Todd Ricketts to Commerce
- Author: Delores Daniels Dec 01, 2016,
Dec 01, 2016, 5:07
President-elect Donald Trump picked the son of a billionaire and brother of Nebraska's governor for a top administration post.
Indiana GOP activist Kyle Babcock was congratulating his friend, Todd Ricketts, on being chosen by President-elect Donald Trump to be deputy commerce secretary this week when he thought of a question.
Ricketts was an at-large delegate for Trump in the IL delegation to the Republican National Convention and took part in Chicago area fundraisers for Trump's campaign, according to the Chicago Tribune.
At the time, family matriarch Marlene Ricketts had made a $3 million donation to the anti-Trump political action committee Our Principles PAC.
In 2013, Ricketts took the baton from his father, billionaire Joe Ricketts, and became CEO of organizations the senior Ricketts founded to advocate for conservative fiscal policies and reducing the size of government: Ending Spending's super PAC and its nonprofit advocacy arm. "I love Pete, but I think his brother doesn't like me as much as he does", Trump said.
Months after slamming the team's owners for doing a "rotten job" of managing the Cubs, Trump lavished praise on the Ricketts family on Wednesday.
In his statement, Trump praised Todd Ricketts and his family for the "purchase and turnaround of the Chicago Cubs - one flawless step after another, leading to the World Championship".
"He will use his experience in small, medium and large businesses to help President-elect Donald Trump's administration encourage job growth as well as cut regulation and red tape for entrepreneurs and job creators", the governor said.
Ricketts met with Trump last week and said in an interview Monday it was "an honor" to be considered for the position. Sister Laura was enthusiastic Hillary Clinton supporter.
After pouring money into trying to stop Trump, the Rickettsfamily started funding Trump's bid through its Future45 super PAC.
Ricketts helped raise at least $66 million for pro-Trump outside groups.
He tweeted that "the Rickets family, who own the Chicago Cubs, are secretly spending $'s against me".
Todd Ricketts, who currently sits on the company's board and owns 450,000 Ameritrade shares (and likely a chunk of the 9 million shares held in trust by his parents as well-worth some $385 million), is now slated to join an already politically powerful household.
TD Ameritrade Chairman Joe Moglia said in a statement that Todd Ricketts has served the company's shareholders well as a member of the company's board of directors. "I'm eager to begin this important work and serving with Wilbur Ross to implement President-elect Trump's economic agenda, which will improve the lives of all Americans". "That's who we are", the site says.