Geithner heading to Wall Street firm

Geithner heading to Wall Street firm

November 16, 2013, 11:10 am

By Cameron Joseph

http://thehill.com/blogs/on-the-money/190487-geithner-heading-to-private-firm

Former U.S. Treasury Secretary Tim Geithner will join the private equity firm Warburg Pincus.

Geithner, who played a major role in the federal government's rescue of the financial system, has spent most of his career in the public sector. He'll serve as president and managing director of the company in his new job.

"When they approached me, they clearly wanted me to play a substantive role in helping them manage the firm," he told the Wall Street Journal.

Geithner becomes the latest former administration official to head to a private equity firm, a common practice through many administrations.

Warburg Pincus

Harold Brown was a partner at Warburg Pincus, and is a director at the Atlantic Council of the United States (think tank).

Note: W. Bowman Cutter was a managing director at Warburg Pincus, and a director at the Atlantic Council of the United States (think tank).

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

George Soros is the founder & chairman for the Open Society Foundations, and the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the International Rescue Committee, ProPublica, the Brookings Institution (think tank), and the Committee for Economic Development.

Timothy F. Geithner was an overseer at the International Rescue Committee, the treasury secretary for the Barack Obama administration, and is the president & managing director designee for Warburg Pincus.

Mark Colodny is a director at ProPublica, and a managing director at Warburg Pincus.

Henry B. Schacht was an honorary trustee at the Brookings Institution (think tank), and is a managing director & senior adviser for Warburg Pincus.

W. Bowman Cutter was a managing director at Warburg Pincus, a director at the Atlantic Council of the United States (think tank), and is a trustee at the Committee for Economic Development.

Donna S. Morea was a trustee at the Committee for Economic Development, and the EVP for the CGI Group Inc.

CGI Group Inc. was the Obamacare contractor that developed Healthcare.gov web site.

Obamacare is Barack Obama’s signature policy initiative.