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. Roger Ferguson doesnt like making excuses for personal or financial failure. If there is any greater motivator to becoming financially stable, it is having experienced the Great Depression of 1929 and forward. Roger Fergusons position as CEO of TIAA (Teachers Insurance and Annuity Association) was earned in a rather unique way. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re America Holding Corporation, a global reinsurance company, from 2006 to 2008. Since then, the company has grown to more than 130,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, Google Cloud and YouTube. TIAA. Roger's mailing address filed with the SEC is 415, Kearny Street, Telegraph Hill, San Francisco, California, 94133, United States. Roger W. Ferguson Jr. has a history of serving as a member of several not-for-profit boards. 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 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. 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. 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. Most recently he bought 1,420 units of GOOG stock worth $59,839 on 14 June 2021. Jamie Dimon, CEO of JPMorgan Chase could be considered for Treasury secretary. Roger W. Ferguson, President and CEO of Teachers Insurance and Annuity Association of America. In addition to making more money each day, Roger Ferguson is becoming more and more well-known by the day. Ferguson also served as Treasurer of the Friends of Education, a Trustees' Committee of The Museum of Modern Art. While at the Fed, Ferguson served as Chairman of the Group of Ten Working Party on Financial Sector Consolidation. The estimated Net Worth of Roger W. Jr. Ferguson is at least $1.08 Million dollars as of 14 June 2021. Roger Ferguson is 68, he's been the Independent Director of Gilead Sciences since 2015. While he started with little, he made the most of what he had and has become a Fortune 100 CEO. The study was released on April 12, 2012. His first 2 years at Harvard included cleaning bathrooms. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance company, from 2006 to 2008. Series: Continuing The Review Of Federal Housing Programs. and current macroeconomic topics. Ferguson was also a most unusual child: As a youngster, he devoured economic writings. 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. Last updated: 1 March 2023 at 11:00am EST. From 1984 to 1997, Mr. Ferguson was an associate and partner at the consulting firm McKinsey & Company. These resulted in the release of a statement at the end of each FOMC meeting, explaining the rationale for the interest rate decision and including an assessment of the risks facing the economy. [21] The final report was issued in September, 2012, under the title, "Aging and the Macroeconomy: Long-Term Implications of an Older Population". Prior to his term as vice chairman, Ferguson was appointed a member of the Federal Reserve Board of Governors in 1997. He joined TIAA after his tenure at Swiss Re, a global reinsurance company, where he served as Chairman of the firms America Holding Corporation, Head of Financial Services, and a member of the Executive Committee from 2006 to 2008. Ferguson earned all three of his degrees at Harvard a bachelors in Economics, a law degree, and finally a doctorate. Dr. Roger W. Ferguson Jr., Ph.D., J.D. It also offers Yescarta, Tecartus, Trodelvy, and Zydelig products for the treatment of hematology, oncology, and cell therapy patients. And I think that has played into some of the challenges that were confronting here economically, including the retirement crisis., I had spent so much time with my fatherinformallyweek-in, week-out, talking about interest rates. In 2016, Ferguson received the Harvard Medal, awarded annually by the Harvard Alumni Association for service to Harvard. 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? Greater New York City Area. Roger W. Ferguson Jr. was born on 28 October, 1951 in Washington, D.C., United States. President and CEO of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural . [11], Alan Greenspan has called Ferguson "one of the most effective Vice Chairmen in the history of the Federal Reserve. There are 1 older and 16 younger executives at Alphabet Inc. 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. The largest trade he's ever made was buying 1,420 units of Alphabet Inc stock on 14 June 2021 worth over $59,839. Learn How rich is He in this year and how He spends money? This ultimately resulted in the passage and signing into law of the Check Clearing for the 21st Century Act, which is also known as Check 21. [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. [22], Ferguson was elected to the American Philosophical Society in 2016.[23]. 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. It was a bravura performance. He has a good relationship with Biden and senior members of his campaign. [3], In 2019, Ferguson received the Harvard Centennial Medal. As a result, there are bounds to be lots and lots of people who are interested in watching the New Orleans Saints play at the Mercedes-Benz, Read More How Much Does it Cost to Attend a New Orleans Saints Game?Continue, Back in 2015, Alex Craig, a then 24-year-old mobile app developer from Dallas, Texas, stumbled on the unusual, and as it turns out, genius, idea of creating a business built around the very humble (but, Read More 20 Things You Didnt Know about Potato ParcelContinue, After high preseason expectations, the Titans are a group that seems to be still looking for an identity. ", 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. 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 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. [8][9] 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. The current estimated net worth of Corning Inc /ny's Director, Roger Ferguson Jr, is estimated to be about $1.77M . The most active traders at the company are In June, 2016, Alphabet Inc. appointed Roger W. Ferguson Jr. to its board of directors. Donald Trump Is Putting Together The Wealthiest Administration In History. The Forum brings together on a regular basis national authorities responsible for financial stability in significant international financial centers. In 2004 Ferguson was elected to an Honorary Fellowship there. The Cavaliers were never considered a blockbuster basketball teamthat is, until one Lebron James became one of the biggest names in basketball. He sees both the business and America as places where people can prosper as a result of, not in spite of, diversity. He has some unique views on the corporate ladder, leadership, and money, as you will see as you read on. Its a very interesting question, in very interesting times. Ferguson was also a most unusual child: As a youngster, he devoured economic writings. He joined TIAA after his tenure at Swiss Re, a global reinsurance company, where he served as Chairman of the firms America Holding Corporation, Head of Financial Services, and a member of the Executive Committee from 2006 to 2008. Sign up in seconds, it's free! 8. He's been a big backer of Biden and is expected to be considered for a job in his administration. Submit a correction suggestion and help us fix it! There are 3 older and 14 younger executives at International Flavors & Fragrances. Ferguson was the only Federal Reserve Governor in Washington, D.C., during the September 11 attacks in 2001. Which Billionaires Are Funding The Democratic Candidates' Campaigns. In addition, the company provides Letairis, an oral formulation for the treatment of pulmonary arterial hypertension; Ranexa, an oral formulation for the treatment of chronic angina; and AmBisome, a liposomal formulation for the treatment of serious invasive fungal infections. His resignation came into effect on April 28, 2006. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $696,506 and over the last 12 years he sold GOOG stock worth over $0. The study, which has been translated into three languages. The study of the regulatory structure of 17 jurisdictions was released on October 6, 2008. . Roger Ferguson is 68, he's been the Independent Director of Gilead Sciences since 2015. He is a fellow of the American Academy of Arts & Sciences and co-chairs its Commission on the Future of Undergraduate Education. New York CNN Business Roger Ferguson, one of the most powerful Black executives on Wall Street and in corporate America, is retiring as the CEO of TIAA. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. On October 3, 2006, Swiss Re announced his appointment as Head of Financial Services and Member of Swiss Re's Executive Committee. Apr 2008 - May 202113 years 2 months. Tom Steyer is expected to have influence in Biden's administration. 5. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. Roger Ferguson Net Worth Roger Ferguson biography. 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. Dr. Roger W. Ferguson Jr., Ph.D., J.D. Youll enjoyand benefit fromthe observations of this remarkable man. It seems to have worked out well for him. and bought an estimated value of $393.4M worth of shares. Garrett by trade is a personal finance freelance writer and journalist. Tom Steyer (Photo by Justin Sullivan/Getty Images). 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 most active insiders traders include L John Doerr, Brin Sergey, and Lawrence Page. How much does Roger Ferguson make? In addition, he makes $428,298 as Independent Director at Alphabet Inc. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. $1.44M . 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. Kirk Gregg, 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. Roger W. Ferguson Jr.'s net worth The estimated Net Worth of Roger W. Jr. Ferguson is at least $1.08 Milln dollars as of 14 June 2021. Roger Ferguson Net Worth Roger Ferguson biography. Morgan Stanley executive Thomas Nides worked with Hillary Clinton's campaigns and was a deputy secretary of state for Obama. In the last 2 years at Corning Inc /ny, Roger Ferguson Jr has sold an estimated value of $0 worth. Ferguson is a member of the Council on Foreign Relations, a member and trustee of the Group of Thirty and a member of the International Advisory Council of the China Banking Regulatory Commission. He believes in financial well-being regardless of how old you are. 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. At 71 years old, Roger W. Ferguson Jr. height not available right now. The company has operations in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. In addition, the company provides Letairis, an oral formulation for the treatment of pulmonary arterial hypertension; Ranexa, an oral formulation for the treatment of chronic angina; and AmBisome, a liposomal formulation for the treatment of serious invasive fungal infections.