Skip to content

#173 – Henry Strakosch

#173 – Henry Strakosch published on No Comments on #173 – Henry Strakosch

Henry Strakosch served as a financial adviser to the South African government, and was the author of the 1920 South African Currency and Banking Act. He was the chairman of the South African goldminers, Union Corporation from 1924. He was a member of the Royal Commission on Indian Currency and Finance during 1925 and 1926. Later, he served on the Council of India between 1930-1937, served as a delegate at the Imperial Economic Conference in 1932, and acted as adviser to the Secretary of State for India between 1937-1942.

Strakosch was highly involved in managing the finances of Winston Churchill, especially when he was in need of financial aid around the time of World War II.1https://www.haaretz.com/world-news/europe/.premium-churchills-debts-and-the-money-men-who-saved-him-1.54376292The splendid and the vile : a saga of Churchill, family, and defiance during the Blitz (First ed.). New York. p. 100. Strakosch also bequeathed Churchill £20K in his will.3https://www.nytimes.com/1944/02/06/archives/20000-to-churchill-by-strakosch-will.html

#54 – David Solomon

#54 – David Solomon published on No Comments on #54 – David Solomon

David Michael Solomon is an American investment banker, record producer, and DJ who has been the chief executive production (CEO) of Goldman Sachs since October 2018 and chairman since January 2019. 1https://fortune.com/2018/10/02/david-solomon-goldman-sachs-diversity/

After Gary Cohn resigned from Goldman to become the Chief Economic Advisor to Donald Trump, the 45th President of the United States, Solomon was elevated to president and co-chief operating officer along with Harvey Schwartz in December 2016. 2https://archive.vn/QMF2q3https://archive.vn/E0FQr

In January 2018, Solomon discovered that a personal assistant had stolen around 500 bottles from his rare wine collection, among them, seven from the French estate Domaine de la Romanee-Conti.4https://archive.vn/dqvdk The personal assistant, Nicolas DeMeyer, was arrested in late January and indicted for the theft of $1.2 million worth of wine.5https://archive.vn/SrO9l

#53 – Lloyd Blankfein

#53 – Lloyd Blankfein published on No Comments on #53 – Lloyd Blankfein

Lloyd Craig Blankfein is an American investment banker who served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 to 2018.1https://www.cnbc.com/2017/11/30/blankfein-isnt-planning-to-die-at-his-desk-at-goldman-after-all.html

Blankfein is a self-identified “registered Democrat”, and a “Rockerfeller Republican”, and often contributes mainly to Democratic party canditates.2https://freebeacon.com/politics/goldman-sachs-succeeds-where-gore-fails/ During the 2016 presidential election, presidential candidate Bernie Sanders named Blankfein as an example of corporate greed in Janurary 2016. Blankfein responding that the Sanders’ campaign had “the potential to be a dangerous movement”. 3https://www.politico.com/story/2016/02/lloyd-blankfein-bernie-sanders-218689 Blankfein endorsed Democratic candidate Hillary Clinton in the 2016 U.S. presidential election.4https://www.bloomberg.com/news/articles/2016-10-22/goldman-ceo-blankfein-supportive-of-clinton-for-pragmatism

During the Coronavirus pandemic, Blankfein consistently called for loosening coronavirus response measures and reopening the economy. In March 2020, he said “extreme measures to flatten the virus ‘curve'” were sensible “for a time” but that they would crush the economy. He said, “Within a very few weeks let those with a lower risk to disease return to work.”5https://www.latimes.com/business/story/2020-03-25/billionaires-want-workers-coronavirus

 

 

#52 – Stanley Fischer

#52 – Stanley Fischer published on No Comments on #52 – Stanley Fischer

Stanley Fischer is an American economist and former vice chairman of the Federal Reserve. He served as governor of the Bank of Israel from 2005-2013 and previously served as chief economist at the World Bank.1https://www.nytimes.com/2011/06/13/business/global/13fischer.html. On January 10, 2014, President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors, and on September 6th, 2017, Stanley Fischer announced that he was resigning as Vice-Chairman due to personal reasons on October 13th, 20172https://www.federalreserve.gov/newsevents/pressreleases/other20170906b.htm

 

From Janurary 1988 to August 1990 he was Vice President on the Development Economics and Chief Economist at the World Bank. Later becoming the First Deputy Managing Director of the Internaitonal Monetary Fund, from September 1994 until August 2001. Fischer, in 2001 had also joined the Group of Thirty, and serving as the Vice Chairman of Citigroup, President of Citigroup International, and Head of the Public Sector Client Group. Fischer was an executive from February 2002 to April 2005.3https://www.nytimes.com/2014/03/13/business/economy/stanley-fischer-fed-nominee-has-long-history-of-policy-leadership.html

 

 

 

 

 

#51 – Donald Kohn

#51 – Donald Kohn published on No Comments on #51 – Donald Kohn

Donald Lewis Kohn is an American economist who served as the former Vice Chairman of the Board of Governors of the Federal Reserve System. He retired after 40 years at the central bank in September 2010, and currently serves on the Financial Policy Committee for the Bank of England.1https://www.brookings.edu/experts/donald-kohn/

 

Kohn, served on the Federal Reserve Board of Governors as Adviser to the Board of Monetary Policy (From 2001-2002), Secretary of the Federal Open Market Committee (1987-2002), Director of the Division of Monetary Affairs (1987-2001), and Deputy Staff Director for Monetary and Financial Policy (1983-1987). Donald Kohn had also been nominated by President George W. Bush as the new Vice Chairman of the Board of Governors of the Federal Reserve System on June 23, 2006, and completed his term on June 23, 2010, retiring from the Federal Reserve.

 

 

 

 

#50 – Alice Rivlin

#50 – Alice Rivlin published on No Comments on #50 – Alice Rivlin

Alice Mitchell Rivlin, born Geoginna Alice Mitchell, was an American economist and budget official. She served as Vice Chair of the Federal Reserve, Director of the White House Office of Management and budget, and founding Director of the Congressional Budget Office.

 

Rivlin was the first director of the Congressional Budget Office from 1975-1983. And under President Bill Clinton, she served as the deputy director of Office of Management and Budget from 1993 to 1996, and a governor of the Federal Reserve from 1996 to 1999. She also was a chair of the District of Columbia Financial Responsibility and Management Assistance Authority from 1998 to 2001.1https://www.nytimes.com/2019/05/14/obituaries/alice-m-rivlin-dead.html2https://www.washingtonpost.com/wp-srv/local/longterm/library/dc/control/district0911.htm

 

 

 

#49 – Alan Blinder

#49 – Alan Blinder published on No Comments on #49 – Alan Blinder

Alan Blinder is an American economist that served as the vice chairman of the Board of Governors of the Federal Reserve System under Bill Clinton. He has been noted as one of the most influential economists in the world by IDEAS/RePEc.1https://ideas.repec.org/top/top.person.all.html

Blinder also served on President Bill Clinton’s Council of Economic Advisers from Janurary 1993 – June 1994, 2https://www.nytimes.com/1993/01/04/business/princeton-economist-to-be-named-to-clinton-s-council-aides-say.html and as the Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to Janurary 1996.3https://www.nytimes.com/1993/01/04/business/princeton-economist-to-be-named-to-clinton-s-council-aides-say.html

Blinder is also a co-founder of the Promontory Interfinancial Network, LLC. During the 2008 financial crisis Blinder compiled a list of ten lessons that can be learned from it, which can be found [here].

 

 

 

 

#48 – Janet Yellen

#48 – Janet Yellen published on No Comments on #48 – Janet Yellen

Janet Louise Yellen is an American economist at the Brookings Institution who served as the chair of the Federal Reserve from 2014-2018, and as Vice Chair from 2010-2014. Previously, she was president and chief executive officer of the Federal Reserve Bank of San Francisco; Chair of the White House Council of Economic Advisers under President Bill Clinton.

 

In a 2005 speech in San Francisco, Yellen argued against deflating the housing bubble because “arguments trying to deflate the bubble outweigh those in favor of it” and predicted that the housing bubble “could be large enough to feel like a good-sized bump in the road, but the economy would most likely be able to absorb the shock.”1http://www.frbsf.org/our-district/press/presidents-speeches/

 

 

 

#47 – Ben Bernanke

#47 – Ben Bernanke published on No Comments on #47 – Ben Bernanke

Ben Shalom Bernanke is an American economist at the Brookings Institution1https://www.brookings.edu/news-releases/federal-reserve-chairman-ben-bernanke-to-join-economic-studies-at-brookings/ who served two terms as Chair of the Federal Reserve, the central bank of the United States (2006-2014) 2https://www.thebalance.com/federal-reserve-chairman-ben-bernanke-3306152. During his tenure as chair, Bernanke oversaw the Federal Reserve’s response to the late-2000s financial crisis.3https://www.thebalance.com/federal-reserve-chairman-ben-bernanke-3306152

 

Bernake’s wrote about his time as chairman of the Federal Reserve in his 2015 book, “The Courage to Act”, in which he revealed that the world’s economy came close to collapse in 2007 and 2008, Bernanke asserts that it was the novel efforts of the fed that prevented an economic catastrophe greater than the Great Depression.4https://www.nytimes.com/2015/10/25/books/review/ben-bernankes-the-courage-to-act.html?_r=0