Bridgewater’s Comey Turns Down FBI Job

May 17 2011 | 1:54am ET

Bridgewater Associates’ top lawyer doesn’t want the top job at the Federal Bureau of Investigation.

President Barack Obama last week asked Congress to grant FBI Director Robert Mueller a two-year extension. Mueller, appointed by former President George W. Bush in 2001, is set to leave the job in September; under law, FBI directors are limited to a 10-year term.

Until recently, Obama, Vice President Joseph Biden and Attorney General Eric Holder have been looking for a successor. But two top candidates, James Comey and U.S. Circuit Judge Merrick Garland, turned them down. For Comey, taking the FBI job would have meant giving up the fat paycheck he receives from Bridgewater, where he is general counsel.

In any event, administration officials have said that they were essentially seeking a clone of Mueller; they’ve now settled on the genuine article, pending Congressional approval.

“In his 10 years at the F.B.I., Bob Mueller has set the gold standard for leading the bureau,” Mr. Obama said. “Given the ongoing threats facing the United States, as well as the leadership transitions at other agencies like the Defense Department and Central Intelligence Agency, I believe continuity and stability at the F.B.I. is critical at this time.”


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.