Friday, 19 September 2014
Last updated 12 hours ago
Jan 19 2012 | 1:43am ET
Former Treasury Secretary Lawrence Summers, who spent three years as a part-time managing director at D.E. Shaw Group, may be headed back to Washington, D.C.
President Barack Obama may nominate Summers to serve as president of the World Bank later this year, Bloomberg News reports. The Treasury Department is currently compiling a list of possible candidates—Secretary of State Hillary Clinton is said to be among those being considered—to succeed Robert Zoellick. Appointed by former President George W. Bush, Zoellick's five-year term will expire in July.
Summers, who served as President Bill Clinton's last Treasury secretary, was Obama's first National Economic Council chief, holding that post until December 2010. Prior to returning to the White House, Summers worked at D.E. Shaw, earning more than $5 million in a job he took after resigning as president of Harvard University following a stormy five-year tenure.
Summers was chief economist at the World Bank from 1991 until 1993. He remains a tenured professor at Harvard.
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…
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