David J. Shaw
The data on this page comes from a financial disclosure filed by David J. Shaw, who was picked to be: Deputy Director, Bureau of Competition, Federal Trade Commission in February, 2025. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
| Organization | Position held | Endnote | Line No. |
|---|---|---|---|
| Morrison & Foerster LLP | Partner, 4/2021 - 2/2025 | 1 |
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Morrison & Foerster LLP (law firm) | $1.2M | Partnership Share | 1 | ||
| Morrison & Foerster LLP (law firm) anticipated partnership share | $250K - $500K | None (or less than $201) | 2 | ||
| Morrison & Foerster LLP, defined contribution plan: | 3 | ||||
| Vanguard Target Retirement 2045 Trust II | $250K - $500K | None (or less than $201) | 3.1 | ||
| Morrison & Foester LLP, cash balance pension plan | $100K - $250K | None (or less than $201) | 4 | ||
| Covington & Burling LLP, defined contribution plan: | 5 | ||||
| American Beacon Small Cp Val R5 (AVFIX) | $1,001 - $15,000 | None (or less than $201) | 5.1 | ||
| Dodge & Cox Stock Fund (DOXGX) | $50,001 - $100K | None (or less than $201) | 5.2 | ||
| JPMorgan Emerging Markets Equity Fund Class R6 Shares (JEMWX) | $1,001 - $15,000 | None (or less than $201) | 5.3 | ||
| JPMorgan Large Cap Growth Fund Class R6 Shares (JLGMX) | $50,001 - $100K | None (or less than $201) | 5.4 | ||
| MFS International Diversification Fund Class R4 Shares (MDITX) | $1,001 - $15,000 | None (or less than $201) | 5.5 | ||
| Schwab International Index Fund (SWISX) | $15,001 - $50,000 | None (or less than $201) | 5.6 | ||
| T. Rowe Price Integrated US SmGr Eq (PRDSX) | $15,001 - $50,000 | None (or less than $201) | 5.7 | ||
| TCW MetWest Total Return Bd Plan (MWTSX) | $1,001 - $15,000 | None (or less than $201) | 5.8 | ||
| Vanguard Extended Market Index Fund Institutional Shares (VIEIX) | $15,001 - $50,000 | None (or less than $201) | 5.9 | ||
| VANGUARD INSTITUTIONAL INDEX INSTL PL (VIIIX) | $100K - $250K | None (or less than $201) | 5.10 | ||
| Vanguard Intermediate-Term Bond Index I (VBIMX) | $15,001 - $50,000 | None (or less than $201) | 5.11 | ||
| Morrison & Foerster LLP (law firm) | $75,000 | Bonus | 6 | ||
| Morrison & Foerster LLP capital account | $100K - $250K | None (or less than $201) | 7 | ||
| Morrison & Foerster LLP, HSA: U.S. bank #1 (cash) | $15,001 - $50,000 | $7,165 | cash distribution | 8 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| Morrison & Foerster LLP | Pursuant to the partnership agreement, following my withdrawal from the firm, I will receive my final partnership share distribution for CY2024 in April 2025 and my final partnership share distribution for CY2025 shortly after my withdrawal from the firm. The total amount of the CY2024 distribution was fixed before my withdrawal from the firm, and the total amount of the CY2025 distribution will be calculated and fixed upon my withdrawal from the firm. (2021-04-01) | 1 | |
| Covington & Burling LLP | I will continue to participate in this defined contribution plan. The plan sponsor ceased making contributions at my separation. (2014-01-01) | 2 | |
| Morrison & Foerster LLP | I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. (2021-04-01) | 3 | |
| Morrison & Foester LLP | I will continue to participate in this cash balace pension plan. The plan sponsor will not make further contributions after my separation. (2021-04-01) | 4 | |
| Morrison & Foerster LLP | Pursuant to the partnership agreement, following my withdrawal from the firm, I will receive payment of my capital account, which is a fixed amount. The bulk of the funds will payoff a loan, and the remainder will be paid directly to me. (2021-04-01) | 5 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
| Organization | Description | Endnote | Line No. |
|---|---|---|---|
| Morrison & Foerster LLP | Services as Partner | 1 | |
| Bloom Fresh International Ltd. | Legal services (client of Morrison & Foerster LLP). | 2 | |
| Chugai Pharmaceutical Co., Ltd. | Legal services (client of Morrison & Foerster LLP). | 3 | |
| DeepIntent, Inc. | Legal services (client of Morrison & Foerster LLP). | 4 | |
| Federal National Mortgage Association | Legal services (client of Morrison & Foerster LLP). | 5 | |
| Frontier Communications Corp. | Legal services (client of Morrison & Foerster LLP). | 6 | |
| Icon at Panorama LLC | Legal services (client of Morrison & Foerster LLP). | 7 | |
| McGrath RentCorp. | Legal services (client of Morrison & Foerster LLP). | 8 | |
| Ross Stores Inc. | Legal services (client of Morrison & Foerster LLP). | 9 | |
| SoftBank Group Corp. | Legal services (client of Morrison & Foerster LLP). | 10 | |
| TechFlow, Inc. | Legal services (client of Morrison & Foerster LLP). | 11 | |
| Tesla, Inc. | Legal services (client of Morrison & Foerster LLP). | 12 | |
| Two organizational clients are not disclosed because of D.C. Rule of Professional Conduct 1.6. | Legal services (clients of Morrison & Forester LLP). | 13 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Heritage Foundation 403(b) | 1 | ||||
| Janus Henderson Enterprise Fund Class N Shares (JDMNX) | $1,001 - $15,000 | None (or less than $201) | 1.1 | ||
| Oakmark International Small Cap Fund R6 Class (OAZEX) | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| PUTNAM LARGE CAP VALUE FUND Class R6 (PEQSX) | $1,001 - $15,000 | None (or less than $201) | 1.3 | ||
| Vanguard 500 Index Fund (VFIAX) | $1,001 - $15,000 | None (or less than $201) | 1.4 | ||
| Vanguard Intermediate-Term Treasury Fund Admiral Shares (VFIUX) | $1,001 - $15,000 | None (or less than $201) | 1.5 | ||
| Heritage Foundation HSA: U.S. bank #1 (cash) | $1,001 - $15,000 | None (or less than $201) | 2 | ||
| Heritage Foundation Retirement Plan | 3 | ||||
| Schwab Government Money Fund Sweep Class Shares (SWGXX) | $1,001 - $15,000 | None (or less than $201) | 3.1 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| U.S. Bank #1 (Cash) | $15,001 - $50,000 | None (or less than $201) | 1 | ||
| U.S. Bank #2 (Cash) | $500K - $1M | $15,001 - $50,000 | Interest | 2 | |
| U.S. Bank #3 (Cash) | $1,001 - $15,000 | None (or less than $201) | 3 | ||
| Talcott Resolution Life, Inc., variable annuity (The Director VA Series 7) | 4 | ||||
| Hartford Capital Appreciation HLS Fund | $1,001 - $15,000 | None (or less than $201) | 4.1 | ||
| Hartford Dividend and Growth HLS Fund | $1,001 - $15,000 | None (or less than $201) | 4.2 | ||
| Hartford Stock HLS Fund | $1,001 - $15,000 | None (or less than $201) | 4.3 | ||
| MFOne Pooled Investment Fund 2024, LP | $1,001 - $15,000 | None (or less than $201) | value and income of underlying assets not readily ascertainable | 5 | |
| Palladium Heritage (Parallel) Fund, L.P. | 5.1 | ||||
| Southwest Strategies (strategic communications) | 5.1.1 | ||||
| Collision Auto Parts (repair parts distributor) | 5.1.2 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| Citi Private Bank | type: Capital Contribution Loan, amount: $100,001 - $250,000, year-incurred: 2021, rate: 5.64%, term: 10 years | 1 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
