Tillerson appointment suggests more transactional US policy

For a candidate who promised to “drain the swamp” and represent communities ground down by the depredations of big business, President-elect Donald Trump has done a good job of placing those he attacked before his election into positions of power. Investment bank Goldman Sachs has three former and current executives in key positions. Big Oil is represented not only by climate change sceptics, but in ExxonMobil chief executive Rex Tillerson it has one of its genuine stars at the helm of US foreign policy.