Instead of looking at business success analogous to climbing the well-worn corporate ladder, he sees success akin to what he calls climbing a wall. Sign up in seconds, it's free! There are 9 executives at Alphabet Inc getting paid more, with SundarPichai having the highest compensation of $280,622,016. Series: Continuing The Review Of Federal Housing Programs. 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. In the last 20 years, insiders at Corning Inc /ny have sold an estimated value of $923.75M Roger W. Ferguson Jr. (born October 28, 1951 in Washington, D.C.) is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006, and has served as President and Chief Executive Officer of the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA) since April, 2008. and current macroeconomic topics. 10. [20], Between 2010 and 2012, Ferguson co-chaired a National Research Council panel on the Long-Run Macro-Economic Effects of the Aging U.S. [13], With three co-authors, in November 2007 Ferguson published "International Financial Stability", Geneva Report No. made several concrete and practical recommendations to enhance governance of financial institutions, including recommendations for management, boards of directors, supervisors and shareholders. How much does Roger Ferguson make? 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 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. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. On February 22, 2006, Ferguson sent his resignation letter to President George W. Bush. This is what we know about Roger Ferguson Tiaa net worth based on a recent study by Forbes and business insiders: It's around more than a couple of million USD. 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American economist, lawyer and businessesman (born 1951), Learn how and when to remove these template messages, Learn how and when to remove this template message, Teachers Insurance and Annuity Association of America, THE MARKETS; Fed Reconsiders Policy Of Disclosing Tilt on Rates, 2001 LC Honorary Degree Recipient Shows Strength During Crisis, "HAA Announces 2016 Harvard Medalists | Stories", "Roger Ferguson: 2019 Centennial Medal Citation | Harvard University - The Graduate School of Arts and Sciences", "Bernanke Seen as Safe Pick For a White House in Straits", "Roger Ferguson, a top Black Wall Street exec who manages $1 trillion, steps down", "External Advisory Group | McKinsey & Company", "The Astonishing Story of the Federal Reserve on 9-11", "Vice Chairman of the Fed, a Greenspan Ally, Resigns", https://www.nytimes.com/2001/09/24/opinion/24iht-eddavid_ed2_html, "Fed Vice Chairman Resigns, Adding to Turnover at Top", "Central bankers must work 'more closely together', "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace", "Enhancing Financial Stability and Resilience: Macroprudential Policy, Tools, and Systems for the Future", "Obama to meet with economic team, talk to media", "Factbox: CEOs named to Obama's U.S. jobs council", "Toward Effective Governance at Financial Institutions", "Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform", "Committee: Long-Run Macro-Economic Effects of the Aging U.S. Population", "Home | National-Academies.org | Where the Nation Turns for Independent, Expert Advice", International Financial Stability, Geneva Report No 9, Cambridge Endowment for Research in Finance. In addition to making more money each day, Roger Ferguson is becoming more and more well-known by the day. [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. You can see the complete history of Roger Ferguson stock trades at the bottom of the page. So, how much is Roger W. Ferguson Jr. worth at the age of 70 years old? 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. The current estimated net worth of Corning Inc /ny's Director, Roger. 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. 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. Ferguson is a superb crisis manager: On 9/11 he coolly took actions in his capacity as vice chairman of the Federal Reserve (the head of the Fed was overseas) that prevented paralysis and panic in the financial markets. Roger W. Ferguson Jr. was born on 28 October, 1951 in Washington, D.C., United States. 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. In 2019, Ferguson received the Harvard Centennial Medal. In addition, he makes $428,298 as Independent Director at Alphabet Inc. 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. He represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations and Supervision and Regulation. Sign up in seconds, it's free! Ferguson received a B.A. The citation presented with the Medal reviewed Fergusons achievements and featured reflections from Douglas Elmendorf, Drew Faust and Larry Summers. Insider trading is most common in February, with the busiest year in 2005. Ferguson has co-authored, edited or led study groups or commissions that have produced numerous publications, including monographs, occasional papers, study group reports and commission reports. Roger W. Ferguson Jr. net worth 25.3 Million Millions of dollars 98% Net worth score Disclamer: Roger W. Ferguson Jr. net worth displayed here are calculated based on a combination social factors. He is a fellow of the American Academy of Arts & Sciences and co-chairs its Commission on the Future of Undergraduate Education. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re America Holding Corporation, a global reinsurance company, from 2006 to 2008. Last updated: 9 February 2023 at 4:09pm EST. Roger Fergusons position as CEO of TIAA (Teachers Insurance and Annuity Association) was earned in a rather unique way. Steyer is believed to be in line for an environmental policy position. In 2015, Ferguson became a member of the Board of Directors of General Mills. On average, Alphabet Inc executives and independent directors trade stock every 3 days with the average trade being worth of $1,059,981. There are 9 executives at Alphabet Inc getting paid more, with SundarPichai having the highest compensation of $280,622,016. Roger Ferguson is 68, he's been the Independent Director of Gilead Sciences since 2015. Between 2010 and 2012, Ferguson co-chaired a National Research Council panel on the Long-Run Macro-Economic Effects of the Aging U.S. Population. This is business as usual for the office of the President. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. Family Friday TV faire was spent with Louis Rukeyser. Roger Ferguson owns over 1,420 units of Alphabet Inc stock worth over $602,010 and over the last 12 years he sold GOOG stock worth over $0. 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. There are 16 executives at Gilead Sciences getting paid more, with JeffreyHarmening having the highest compensation of $15,837,600. Roger Ferguson Jr usually trades in May, with the busiest year in 2021. Things just worked out that way. Salary in 2020. He has a good relationship with Biden and senior members of his campaign. Prior to that, Roger joined the Board of Governors of the U.S. Federal Reserve System in 1997 and served as its Vice Chairman from 1999 to 2006. (THE MARKETS; Fed Reconsiders Policy Of Disclosing Tilt on Rates), While at the Fed, Ferguson served as Chairman of the Group of Ten Working Party on Financial Sector Consolidation. Ferguson was a partner at McKinsey & Company. Ferguson Is a member of the Board of Trustees of the Group of Thirty. From 1981 to 1984, Ferguson was an attorney at the New York City office of Davis Polk & Wardwell, where he worked with commercial banks, investment banks, and Fortune 500 corporations on syndicated loans, public offerings, mergers and acquisitions, and new product development. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. Larry Page and Sergey Brin founded Google in September 1998. 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. 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. In addition, he has honorary degrees from Lincoln College (Illinois), Webster University, Washington and Jefferson College, Michigan State University, Worcester Polytechnic Institute, St. Lawrence University, University of Maryland, Baltimore County, Georgetown University, Metropolitan College of New York, Wabash College, Colby College, Lincoln University (Pennsylvania), Rensselaer Polytechnic Institute, Stevens Institute of Technology, Sewanee: The University of the South, American University, Hofstra University and The University of Michigan.

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