Statements and Speeches of Roger Walton Ferguson Jr. https://en.wikipedia.org/w/index.php?title=Roger_W._Ferguson_Jr.&oldid=1142478277, American chief executives of financial services companies, Fellows of the American Academy of Arts and Sciences, Members of the American Philosophical Society, People associated with the September 11 attacks, Trustees of the Institute for Advanced Study, Harvard Graduate School of Arts and Sciences alumni, Articles with dead external links from June 2016, Articles with dead external links from November 2016, Articles with permanently dead external links, Short description is different from Wikidata, BLP articles lacking sources from September 2017, Articles lacking in-text citations from September 2017, Articles with multiple maintenance issues, Articles with unsourced statements from November 2008, BLP articles lacking sources from November 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 2 March 2023, at 16:37. Roger has been a member of the board of directors of General Mills, Inc., a manufacturer and marketer of branded consumer foods, since December 2015, and serves as chair of its finance committee and as a member of its corporate governance committee; and a member of the board of directors of International Flavors & Fragrances, Inc., a creator of flavors and fragrances, since April 2010, and serves as chair of its compensation committee. Roger W. Ferguson Jr. (born October 28, 1951 in Washington, D.C.) is an American economist, attorney and corporate executive who served as the 17th vice chairman of the Federal Reserve from 1999 to 2006. Ferguson served as the vice chairman of the Group of 30 study group that published "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace". He's been a big backer of Biden and is expected to be considered for a job in his administration. Roger Ferguson is 68, he's been the Independent Director of Alphabet Inc since 2016. Asking questions is a part of a leadership model and an informed consumer. He has some unique views on the corporate ladder, leadership, and money, as you will see as you read on. He is currently Chairman of the Conference Board and serves on the boards of the American Council of Life Insurers, the Institute for Advanced Study, and the Memorial Sloan Kettering Cancer Center. The study called on public officials to empower systemic regulators with new tools to enhance the stability and resilience of the global financial system and potentially lessen the severity of future crises. The Working Party released its final report on January 25, 2001. Which Billionaires Are Funding The Democratic Candidates' Campaigns. In 2016, Ferguson received the Harvard Medal, awarded annually by the Harvard Alumni Association for service to Harvard. [5], In April 2008, Ferguson became president and chief executive officer of the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA). He participated in the Bilderberg Conferences in 2016, 2017 and 2018. There are 1 older and 16 younger executives at Alphabet Inc. Most recently he bought 1,420 units of GOOG stock worth $59,839 on 14 June 2021. In 2014 and 2015, Ferguson served as a member of the Panel of Economic Advisers for the Congressional Budget Office. He credits these times with giving him a solid perspective on money and finance. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. Donald Trump Is Putting Together The Wealthiest Administration In History. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $674,235 and over the last 11 years he sold GOOG stock worth over $0. Discover today's celebrity birthdays and explore famous people who share your birthday. And then we have to build in the annuity option, the guaranteed-income option, the personal-pension option into plans., This is a BETA experience. Mr. Ferguson has been the President and Chief Executive Officer of TIAA (formerly TIAA-CREF) since 2008. Family Friday TV faire was spent with Louis Rukeyser. When asked about what makes a great leader, he says that being able to ask the necessary questions to learn what you dont know about the organization or group of people you are leading is essential to understanding what really is going on. Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The resulting International Journal of Central Banking was announced in 2004 and first published in 2005, with two objectives: to disseminate widely the best policy-relevant research on central banking and to promote communication among central banks. You can see the complete history of Roger Ferguson stock trades at the bottom of the page. The Centennial Medal is the highest honor bestowed by the Graduate School of Arts and Sciences and is awarded for contributions to society as they have emerged from ones graduate education at Harvard. He is from United States. Wendell Weeks, Chairman and CEO, Larry Page and Sergey Brin founded Google in September 1998. Roger has served as the President and Chief Executive Officer of TIAA, a major financial services company, since April 2008. Series: Continuing The Review Of Federal Housing Programs. Roger Ferguson Jr usually trades in May, with the busiest year in 2021. [6], On June 29, 2016, Ferguson became a member of Board of Directors of Alphabet Inc.[1], In February 2023, he was named a member of the McKinsey & Company External Advisory Group.[7]. Sign up in seconds, it's free! The IJCB has more than 50 sponsoring institutions. From 1984 to 1997, he was an associate and partner at McKinsey & Company. Dr. Roger W. Ferguson Jr., Ph.D., J.D. As President of TIAA-CREF Ferguson manages more than $1 trillion in retirement assets. It seems to have worked out well for him. As an African American family in the lower socioeconomic stratum of the day, he remembers that when growing up his entire family would gather every Friday to watch the venerable Wall Street Week program about money and Wall Street. [citation needed] On October 25, 2005, The Washington Post reported that senior members at the Federal Reserve, including Alan Greenspan, were encouraging the Bush Administration to appoint Ferguson to the Federal Reserve Chairmanship. Progressives likely wouldn't be happy with a high-powered Wall Street type in such a high ranking position in the new administration. Tom Steyer (Photo by Justin Sullivan/Getty Images). The resulting International Journal of Central Banking was announced in 2004 and first published in 2005, with two objectives: to disseminate widely the best policy-relevant research on central banking and to promote communication among central banks. He was responsible for leading the Federal Reserve's initial response to the terrorist attacks and was praised for his expert handling of the crisis. On October 3, 2006, Swiss Re announced his appointment as Head of Financial Services and Member of Swiss Re's Executive Committee. Mr. Ferguson has also served in various policy-making positions, including as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from 1999 to 2006. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance . The oldest executive at Alphabet Inc is AlanMulally, 74, who is the Independent Director. It also offers Yescarta, Tecartus, Trodelvy, and Zydelig products for the treatment of hematology, oncology, and cell therapy patients. Dr. Roger W. Ferguson Jr., Ph.D., J.D. Roger's mailing address filed with the SEC is 415, Kearny Street, Telegraph Hill, San Francisco, California, 94133, United States. There are 16 executives at Gilead Sciences getting paid more, with JeffreyHarmening having the highest compensation of $15,837,600. cum laude in 1979, and a Ph.D. in economics in 1981, all from Harvard University. Last updated: 1 March 2023 at 11:00am EST. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re . A lack of information requires people to step up and find out what they dont know through asking questions. Roger Ferguson is 68, he's been the Independent Director of Gilead Sciences since 2015. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. In 2019, Ferguson received the Harvard Centennial Medal. Ferguson was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products. Dr. Roger W. Ferguson Jr., Ph.D., J.D. $1 Million - $5 Million. The most recent stock trade was executed by Amie Thuener O'toole on 1 March 2023, trading 637 units of GOOG stock currently worth $57,426. Ferguson was also a member of the Board of Overseers of Harvard University, serving as President during 2008-2009, an elected member of the Board of Directors of the Harvard Alumni Association, a Trustee of the Carnegie Endowment for International Peace, the National Bureau of Economic Research and the New America Foundation. He is a fellow of the American Academy of Arts & Sciences and co-chairs its Commission on the Future of Undergraduate Education. Who better than Roger Ferguson to speak about the crisis of millions of Boomersnot to mention a significant part of the rest of the American populationnot having adequate savings for retirement? $60K on May 19, 2021. How Much Does It Cost to Attend a Tennessee Titans Game? The company provides Biktarvy, Genvoya, Descovy, Odefsey, Truvada, Complera/ Eviplera, Stribild, and Atripla products for the treatment of human immunodeficiency virus (HIV) infection; Veklury, an injection for intravenous use, for the treatment of coronavirus disease 2019; and Epclusa, Harvoni, Vosevi, Vemlidy, and Viread for the treatment of liver diseases. Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. Most recently he bought 1,420 units of GOOG stock worth $59,839 on 14 June 2021. He also became the Chairman of the Financial Stability Forum (FSF), which promotes international financial stability through information exchange and international cooperation in financial supervision and surveillance. Roger W. Ferguson Jr. has a history of serving as a member of several not-for-profit boards. 5. Larry Page and Sergey Brin founded Google in September 1998. 9, dealing with challenges to global financial stability and including observations regarding the liquidity crisis of 2007. Last updated: 9 February 2023 at 4:09pm EST. Roger is also a member of the Smithsonian Institutions Board of Regents and serves on the New York State Insurance Advisory Board. Kirk Gregg, The Scent segment provides fragrance compounds, which include fine fragrances comprising perfumes and colognes, as well as consumer fragrances for personal care, household products, and beauty care; fragrance ingredients comprising synthetic and natural ingredients that could be combined with other materials to create fragrance and consumer compounds; and cosmetic active ingredients consisting of active and functional ingredients, botanicals, and delivery systems to support its customers' cosmetic and personal care product lines. Ferguson has a well-rounded perspective on business and life because of his experiences growing up, both in Washington D.C. and at Harvard. 10 Things You Didnt Know About Cleveland Cavaliers Owner Dan Gilbert. [11], Alan Greenspan has called Ferguson "one of the most effective Vice Chairmen in the history of the Federal Reserve. Following two previous reports, the study expands on the role of conduct and culture in the governance of the world's largest financial institutions. [15], Ferguson served as chairman of the Group of 30 study group that published "Enhancing Financial Stability and Resilience: Macroprudential Policy, Tools and Systems for the Future". Youll enjoyand benefit fromthe observations of this remarkable man. So he knows the various facets of business and admits that this end at TIAA was not part of his career plan. The best leaders are strong and resilient. On average, Alphabet Inc executives and independent directors trade stock every 3 days with the average trade being worth of $1,059,981. Sign up in seconds, it's free! He was responsible for leading the Federal Reserve's initial response to the terrorist attacks and was praised for his expert handling of the crisis. As the Independent Director of International Flavors & Fragrances, the total compensation of Roger Ferguson at International Flavors & Fragrances is 264,585. The 69-year-old Ferguson, who has. In 2010, Ferguson became a member of the Board of Directors of International Flavors and Fragrances, a leading creator and manufacturer of flavors and fragrances. Nides is likely to be placed in international affairs. He has had amazing career in education (three degrees from Harvard), the nonprofit world, the private sector and government. There are 16 executives at Gilead Sciences getting paid more, with Jeffrey Harmening having the highest compensation of $15,837,600. 1. There are no older and 31 younger executives at Gilead Sciences. The most active insiders traders include L John Doerr, Brin Sergey y Lawrence Page. We sit here, 101 years later, standing on the shoulders of those two giants., Unfortunately, I have to say, Steve, in the modern era, the degree of financial literacy is remarkably low. [10], While at the Fed, Ferguson led two working groups to improve the transparency of Federal Open Market Committee (FOMC) decisions and the clarity of FOMC communication. Robert Mercer of Renaissance Technologies and Stephen Schwarzman of Blackstone Group have been advisors to Trump during his four years in office, advising him on economic policy and other matters. 9. He thought it was interesting that the mindset of the family for those 30 minutes was more like millionaires rather than the average family. The citation presented with the Medal reviewed Fergusons achievements and featured reflections from Douglas Elmendorf, Drew Faust and Larry Summers. Roger's mailing address filed with the SEC is 415, Kearny Street, Telegraph Hill, San Francisco, California, 94133, United States. As Vice Chairman, among other duties, Ferguson represented the Federal Reserve in international policy groups. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance company, from 2006 to 2008. and James Flaws, VICE CHAIRMAN [4], On October 11, 2005, Lawrence Kudlow stated his belief that Alan Greenspan was pushing Ferguson's name to the Bush Administration for the appointment of the Federal Reserve Chairmanship. Roger Ferguson is 68, he's been the Independent Director of International Flavors & Fragrances since 2010. Ferguson proposed the idea of a journal dedicated to central banking theory and practice. This site uses Akismet to reduce spam. Population. Currently he serves as Chairman of the Conference Board and a member of the Board of Trustees of the Institute for Advanced Study and the Board of Trustees of the Memorial Sloan Kettering Cancer Center. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. A recent investigation by Forbes and Business Insider has shown that Roger Ferguson estimated net worth is more than a couple of million dollars, according to the publication. ", Series: The Persistence Of Public Housing, Western Sanctions Are Raising Putins War Costs, This Is The Hearing Congressional Republicans Should Hold To Save The Economy, The Credit Card Competition Act of 2022 Meets Its Biggest Foe: Market Competition, One Year On, Russias Invasion Of Ukraine Has Changed Compliance Forever. 9, dealing with challenges to global financial stability and including observations regarding the liquidity crisis of 2007. This segment also creates and manufactures a naturals-focused suite of flavor compounds, functional foods, and specialty fine ingredients to small, local, and regional customers. On October 11, 2005, Lawrence Kudlow stated that his belief that Alan Greenspan was pushing Ferguson's name to the Bush Administration for the appointment of the Federal Reserve Chairmanship. The position eventually went to Ben Bernanke. Roger Ferguson Net Worth Roger Ferguson biography. We have estimated Roger W. Ferguson Jr.'s net worth, money, salary, income, and assets. Roger Ferguson owns over 1,420 units of Alphabet Inc stock worth over $652,311 and over the last 12 years he sold GOOG stock worth over $0. Roger Ferguson Jr owns about 6,938 units of Corning Inc /ny common stock. The study called on public officials to empower systemic regulators with new tools to enhance the stability and resilience of the global financial system and potentially lessen the severity of future crises. From 1984 to 1997, Mr. Ferguson was an associate and partner at the consulting firm McKinsey & Company. In addition, he makes 428,298$ as Independent Director at Alphabet Inc. and current macroeconomic topics. There are 1 older and 16 younger executives at Alphabet Inc. This segment serves perfume and toiletries manufacturers in the cosmetics industry; and manufacturers of soaps, detergents, fabric care, household cleaners, and air fresheners in the household products industry. serves as Independent Director of the Company. President and CEO of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural . We recommend you to check the complete list of Famous People born on 28 October. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Roger has made over 5 trades of the Alphabet Inc stock since 2021, according to the Form 4 filled with the SEC. Roger has served as the President and Chief Executive Officer of TIAA, a major financial services company, since April 2008. Ferguson was the only Federal Reserve Governor in Washington, D.C., during the September 11 attacks in 2001. He was involved in a work-study program where the work part was cleaning bathrooms. The Council, supported by the Bank for International Settlements, was formed to address issues associated with the Year 2000 computer challenge within the global financial supervisory community. If there is any greater motivator to becoming financially stable, it is having experienced the Great Depression of 1929 and forward. On average, Roger trades about 105 units every 1 days since 2011. So, how much is Roger W. Ferguson Jr. worth at the age of 71 years old? He also ran to be the Democratic nominee for President. The report identifies shortcomings but also good practice in promoting a strong banking culture, making a series of recommendations that can be drawn upon by leaders as they seek to address culture in their firms. He is expected to be a cabinet pick for Biden. The oldest executive at International Flavors & Fragrances Inc. is KatherineHudson, 73, who is the Independent Director. In November 2020, he announced that he would retire at the end of March 2021. Ferguson was also a most unusual child: As a youngster, he devoured economic writings. The study of the regulatory structure of 17 jurisdictions was released on October 6, 2008. He was responsible for leading the Federal Reserve's initial response to the terrorist attacks and was praised for his expert handling of the crisis. Yet he is consistent with his approach to financial security, maintaining that the younger you begin to prepare for the financial uncertainties that are certain to come, the better off you will be in the long run. Ferguson served as co-chairman of the Group of 30 study group that published "Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform". In June, 2016, Alphabet Inc. appointed Roger W. Ferguson Jr. to its board of directors. Steyer is believed to be in line for an environmental policy position. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $775,530 and over the last 11 years he sold GOOG stock worth over $0. He grew up during the times of the Civil Rights Movement and the Vietnam War. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. The most recent stock trade was executed by Amie Thuener O'toole on 1 March 2023, trading 637 units of GOOG stock currently worth $57,426. He is currently Chairman of the Conference Board and serves on the boards of the American Council of Life Insurers, the Institute for Advanced Study, and the Memorial Sloan Kettering Cancer Center. I live in North San, Read More The Life-Work Balance of Servant LeadersContinue, Football is one of the most popular American pastimes. As Chairman of the FSF, Ferguson had a similar monitoring and reporting role for the Group of Seven (also known as the G-7) Finance Ministers and Central Bank Governors. Roger holds a Bachelor of Arts degree in economics, a Doctoral degree in economics, and a Juris Doctor degree, all from Harvard University. [14], Ferguson served as the vice chairman of the Group of 30 study group that published "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace". In his role as Chairman of the CGFS, Ferguson monitored financial markets and reported on financial conditions and financial stability to the Group of Ten (G10) Central Bank Governors. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. As a supply-side economist, Kudlow said he was worried that Ferguson would follow a Neo-Keynesian policy and would oppose the Bush Administration's economic policy. Last updated: 1 March 2023 at 11:00am EST. Roger Ferguson owns over 1,420 units of Alphabet Inc stock worth over $652,311 and over the last 12 years he sold GOOG stock worth over $0. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Roger has made over 5 trades of the Alphabet Inc stock since 2021, according to the Form 4 filled with the SEC. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Apr 2008 - May 202113 years 2 months. Dr. Roger W. Ferguson Jr., Ph.D., J.D. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Beyond just asking questions, he thinks that being able to handle criticism properly is necessary for personal growth and to be seen as someone who can be followed with confidence. International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. in economics magna cum laude in 1973, a J.D. serves as Independent Director of the Company. In 2004 Ferguson was elected to an Honorary Fellowship there. , money, salary, income, and assets. Tom Steyer is expected to have influence in Biden's administration. He has some unique views on the corporate ladder, leadership, and money, as you will see as you read on. The legal protection for an electronic "substitute check" in turn is a key element in the development and growth of mobile banking. As the Independent Director of Alphabet Inc, the total compensation of Roger Ferguson at Alphabet Inc is $428,298. Garrett by trade is a personal finance freelance writer and journalist. There are 9 executives at Alphabet Inc getting paid more, with SundarPichai having the highest compensation of $280,622,016. The Cavaliers were never considered a blockbuster basketball teamthat is, until one Lebron James became one of the biggest names in basketball. Roger Ferguson Net Worth Roger Ferguson biography. As one of a very few African American CEOs who lead Fortune 100 companies, the issue of diversity and other social justice matters are connected to these early life experiences. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. But due to his upbringing he learned the value of work and a job, regardless of its perceived social status. Ferguson was the only Federal Reserve Governor in Washington, D.C. during the September 11 attacks in 2001.
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