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Airbnb taps former Biden staffer Ron Klain as chief legal officer

Investing.com -- Ron Klain, a former top advisor to U.S. President Joe Biden, has been appointed as chief legal officer of Airbnb (NASDAQ:ABNB), the short-term accommodation rental service announced on Monday.

In a statement, the company said Klain would start in the role on Jan. 1 and report to Airbnb chief Brian Chesky.

“Ron is both a big-picture strategic thinker and a highly skilled operator, and I’m thrilled he’ll be a close advisor,” Chesky said.

Klain previously served as chief of staff -- a crucial White House position that is partly responsible for driving policy plans -- to President Biden during the first two years of his administration. Before that, Klain was chief of staff to former Vice President Al Gore and to Biden when he was vice president under President Barack Obama.

He will be leaving a post as a partner at O'Melveny&Myers, the law firm he rejoined following his departure from the White House earlier this year.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.