Austria's ex-chancellor Kurz to work for Thiel Capital - reports

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By Reuters
Austria's ex-chancellor Kurz to work for Thiel Capital - reports
Austria's ex-chancellor Kurz to work for Thiel Capital - reports   -   Copyright  Thomson Reuters 2021   -  

<div> <p><span class="caps">BERLIN</span> – Former Austrian chancellor Sebastian Kurz, who quit in the face of corruption allegations, will work for Thiel Capital starting next year, Austrian media outlets reported on Thursday.</p> <p>Kronen Zeitung newspaper and Heute news portal said Kurz confirmed to them that he would work as a global strategist at the firm founded by billionaire venture capitalist Peter Thiel, starting in the first quarter of 2022.</p> <p>A spokesperson for Kurz during his chancellorship did not immediately return a request for comment.</p> <p>Kurz, 35, resigned as Austria’s chancellor in early October after persistent corruption allegations and in early December retired from all political posts, including as chairman of the conservative Austrian People’s Party.</p> <p>He is one of 10 people suspected of varying degrees of breach of trust, corruption and bribery in a case in which prosecutors allege public funds were used to secretly commission manipulated polling that was published with a view to helping Kurz become party leader and then chancellor in 2017.</p> <p>Kurz denies all wrongdoing. </p> <p>Heute, citing sources close to Kurz, said the former chancellor would commute between Europe, where his family will remain, and the United States, where Thiel Capital is based.</p> <p>Thiel, who was born in Frankfurt, was one of the founders of PayPal and is considered politically conservative.</p> <p/> </div>