Thursday, November 6, 2008

FOLLOW THE MONEY

New listings in blue

David Axelrod, Obama's top campaign aide, runs a PR firm that has represented Commonwealth Edison, ATT and Cablevision.

William Donaldson, on the Obama economic transition committee, has been chairman and CEO of the investment banking firm Donaldson, Lufkin & Jenrette, which he co-founded and chairman and CEO of the New York Stock Exchange.

Warren Buffett, on the Obama economic transition committee, is chairman and CEO of Berkshire Hathaway

Roger Fergurson, on the Obama economic transition team, has worked for Davis Polk & Wardwell, representing commercial and investment banks, as well as Forrtune 500 companies on syndicated loans, public offerings, and mergers and acquisitions. He became chair of Swiss re America Holding Corporation in 2006. In 2008, he was named president and CEO of the financial giant TIAA-CREF

Penny Pritzker, on the Obama economic transition team, is the former chair of the Superior Bank, one of the first to get into subprime mortgages. While she resigned as chair of the family business in 1994, as late as 2001 she was still on the board and wrote a letter saying that her family was recapitalizing the bank and pledging to "once again restore Superior's leadership position in subprime lending." The bank shut down two months later and the Pritzker family would pay $460 million in a settlement with the government.

Paul Volcker, on the Obama economic transition team, was chair of the investment banking firm, J. Rothschild, Wolfensohn & Co.


Lawrence Summers, mentioned as a possible Treasury Secretary, is a managing director at the hedge fund D.E. Shaw Group.

Robert Rubin, mentioned as a possible Treasury Secretary, has been temporary chair of Citgroup (and a current director) and co chair of Goldman Sachs. He also was a founder of the conlib economic group, the Hamilton Project.

Top Obama advisor Valerie Jarrett was a member of the board of the Chicago Stock Exachange from 2000 to 2007 and was chair from 2004-2007

Top Obama advisor John Podesta has a lobbying firm that has represented BP, Lockheed Martin, National Association of Broadcasters, Novartis Vaccines and Diagnostics, Sunoco and Wal-Mart

Bill Daley, advisor to the transition team, is mid west chairman of JP Morgan Chase.

Rahm Emanuel, whom Obama selected to be chief of staff, earned, according to Fortune magazine, $18 million between 1999 and 20002 working as a managing director for the investment banks Dresdner Kleinwort Wasserstein

Tim Geithner, a possible Treasury Secretary, is head of the NY Federal Reserve. His first boss was Henry Kissinger and he has close ties to the Wall Street players.

John Corzine, now governor of New Jewrsey and possible Treasury Secretary and CEO of Goldman Sachs before Hank Paulsen staged a coup and got rid of him

Richard Holbrooke, mentioned for Secretary of State, is vice president of Perseus, a major private equity firm. He was a member of the board of AIG until July when he resigned. He has also been vice chair of Credit Suisse First Boston, and managing director of Lehman Brothers.

Other names dropped:

John W Rogers Jr runs a mutual fund company in Chicago where Obama spent much of the day after the election.

Otto Kramer is a financier at Boston Provident.

Robert Wolfe is an investment banker and CEO of UBS Americas

Mark Gallogly is a private equity expert who funded the firm Centerbridge after working at Blackstone.

Jim Torrey is a fund manager.

Brian Mathis works for the Provident Group

Frank Brosens runs Taconic Capital Advisors

Josh Gotbaum formerly with Lazard Freres

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