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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note