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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note