<http://latimesblogs.latimes.com/washington/2008/11/obama-pritzker.html>Penny 
Pritzker, Obama's finance chair, said to be Commerce choice

CNN, quoting "multiple sources," is reporting this evening that Penny 
Pritzker is the top choice of President-elect 
<http://topics.latimes.com/politics/people/barack-obama>Barack Obama 
to become his secretary of Commerce.

<http://latimesblogs.latimes.com/.shared/image.html?/photos/uncategorized/2008/11/19/pritzkerpenny.jpg>
The 49-year-old billionaire was national finance chair of Obama's 
record-breaking presidential campaign that raised in the neighborhood 
of $640 million.

CNN also 
<http://www.reuters.com/article/bondsNews/idUSN1935061320081120>reported 
that Obama would select Arizona Gov. Janet Napolitano to head the 
Department of Homeland Security.

To view a news video on the ongoing formation of the Obama Cabinet, 
click on the "Read more" line below.

<http://latimesblogs.latimes.com/washington/2008/11/barack-obamas-e.html>As 
The Ticket reported recently, Pritzker donated $37,300 to various 
Obama fundraising accounts this cycle and was named a member of his 
Transition Economic Advisory Board.

She is an heir of the Pritzker family of Chicago that founded the 
Hyatt chain of hotels. Her brother, Jay Robert "J.B." Pritzker, was a 
national finance chair for Obama's New York rival, Sen. 
<http://topics.latimes.com/politics/people/hillary-rodham-clinton>Hillary 
Clinton, and is listed among the top 150 richest Americans.

Penny Pritzker is currently chairwoman of Classic Residence by Hyatt 
and is listed as among the wealthiest 140 Americans, with an 
estimated fortune of nearly $3 billion.

If she is Obama's choice to run the Commerce Department, Pritzker is 
likely to undergo some questioning during Senate confirmation 
hearings about her role as 
<http://blogs.suntimes.com/sweet/2008/04/obamas_billionaire_finance_cha.html>onetime
 
chairwoman of Chicago's Superior Bank, which went under due to a 
significant number of the kind of subprime loans that Obama so often 
denounced on the campaign trail this year.

-- Andrew Malcolm


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