Elon Musk’s Department of Government Efficiency has sent three individuals with experience in private equity and finance to the Social Security Administration, highlighting the focus that President Donald Trump is putting on rooting out waste and fraud in the nation’s social insurance programs.
Lambert here: In what way?
Among those tapped for the task are Antonio Gracias of Valor Equity Partners, who also served on the board of Tesla Inc. and was an early investor in SpaceX — two of Musk’s companies — as well as Scott Coulter, formerly of Lone Pine Capital, and Michael Russo, formerly of Shift4, according to people familiar with the moves who spoke on condition of anonymity to discuss them.
Russo also brought on Akash Bobba, a former intern for Peter Thiel’s Palantir Technologies Inc., to analyze Social Security data.
Bobba’s onboarding was unusual, according to [Tiffany Flick, the former agency chief of staff], who said his background check was held up for a few days. She said she received pressure from Russo and Steve Davis, who runs Musk’s Boring Co. and is also working for DOGE, to get Bobba credentials by midnight on Feb. 10. Bobba was sworn in over the phone, “contrary to standard practice,” she said.
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