Leahy Releases Kappos Questionnaire
Senate Judiciary Chairman Patrick Leahy has released the committee's completed questionnaire pertaining to David Kappos, President Obama's pick for Patent and Trademark Office director, which could signal that his confirmation hearing is around the corner. Kappos, an executive at IBM who would also serve as undersecretary for intellectual property at the Commerce Department, was selected by Obama on June 18 but his hearing was delayed due to the committee's focus on Supreme Court nominee Sonia Sotomayor.
The 16-page questionnaire doesn't include any real surprises. Kappos details his background, professional affiliations and pro bono work as well as his financials. According to the form, he owns vested IBM options valued at approximately $147,000 and those options would be sold within 90 days of his appointment as the PTO's top dog. He also owns unvested IBM options and restricted stock valued at about $1.5 million. All of that deferred income would be cancelled upon his resignation from IBM. On a more personal note, Kappos owns property in Tenants Harbor, Maine originally valued at $100,000. Read more on the committee's Web site here.
Update: Tech Daily Dose has learned that the Kappos confirmation hearing has been scheduled for next Wednesday, July 29. He will appear before the committee with a pair of judicial nominees who also require vetting.
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Intellectual Property
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