Jeffrey Garten | |
---|---|
Born | October 29, 1946 |
Occupations |
|
Spouse | |
Academic background | |
Education | |
Academic work | |
Institutions | |
United States Under Secretary of Commerce for International Trade | |
In office July 1993 –September 1995 | |
President | Bill Clinton |
Preceded by | J. Michael Farren |
Succeeded by | Stuart E. Eizenstat |
Military service | |
Branch/service | United States Army |
Years of service | 1968–1972 |
Rank | Captain |
Unit | 82nd Airborne Division United States Army Special Forces |
Battles/wars | Vietnam War |
Jeffrey E. Garten (born October 29,1946)[ citation needed ] is an American economist,author,businessman,and former government official who is Dean Emeritus at the Yale School of Management,where he teaches a variety of courses on global economy. [1] From 1996 to 2005 he was the dean of the school,and from 2005 to 2015 he was the Juan Trippe Professor in international trade,finance,and business. Before that,he was Undersecretary of Commerce for International Trade in the Clinton administration from 1993 to 1995,and had a career on Wall Street as a managing director for the Blackstone Group and Lehman Brothers.
He is the author of six books on the global political economy and numerous articles in The New York Times , The Wall Street Journal , Financial Times , Newsweek , Foreign Affairs ,and Harvard Business Review . From 1997 to 2005 he wrote a monthly column in Business Week .
Garten was born to a Jewish family. He is the son of Ruth (née Engelman) and Melvin Garten. [2] [3] His father fought in World War II,the Korean War,and Vietnam; [3] and was awarded the Distinguished Service Cross in 1953 for his heroism in Korea's Battle of Pork Chop Hill. [3] His brother,Allan Garten,is a retired federal prosecutor in Portland,Oregon. [4] Due to Melvin Garten's military career,the family moved frequently. [5]
Garten graduated from Phillips Andover in 1964,later earning his A.B. from Dartmouth College in 1968 and an M.A. (1972) and Ph.D. (1980) from the Johns Hopkins University's School of Advanced International Studies. [6] [5] He also served in the United States Army from 1968 to 1972,during the Vietnam War,holding the rank of Lieutenant in the 82nd Airborne Division and Captain and aide-de camp to the commanding general of the US Special Forces. In 1971 he was an advisor to the Royal Thai Army. [5]
Garten worked in the Nixon,Ford and Carter administrations in both the White House and at the State Department. [7] He then went on to Wall Street,becoming a managing director of Lehman Brothers and,later,the Blackstone Group. At Lehman,he specialized in sovereign debt restructuring in Latin America. He also lived in Tokyo and directed and expanded the Asian investment banking business for that firm,including overseeing some of the largest international corporate restructurings of the era. At Blackstone he worked in the financial advisory and mergers and acquisitions arena. Garten founded the Eliot Group,an investments firm,in 1990,and was its first chairman. He then taught at Columbia Business School from 1992 to 1993. [7]
From July 1993 to September 1995,Garten was Undersecretary of Commerce for International Trade in the Clinton administration where he focused his efforts on trade and investment deals in "Big Emerging Markets" such as China,India,Indonesia,Brazil,Mexico,and Turkey. [7] Afterward,from 1996 to 2005,Garten was dean of the Yale School of Management after which he stayed on to teach full-time. His courses have included "Leading A Global Company","Wall Street and Washington","Managing Global Catastrophes",and "The Future of Global Finance",and he has led study trips for students to China,Singapore,the United Arab Emirates,and the United Kingdom. [1]
In 2006,Garten and a colleague,David Rothkopf,set up Garten Rothkopf in Washington to provide strategic advice for global companies,international organizations and governments. In 2016 the firm was sold to The Slate Group,a subsidiary of Graham Holdings,Inc.
Garten is a trustee of The International Rescue Committee. [8] Previously,he was a director of Aetna,CarMax,Inc.,Standard &Poor's and several mutual funds belonging to Credit Suisse Asset Management,("the Board of Managers"),Calpine Energy Corporation,Alcan Inc.,and The Conference Board,and he served on the international advisory boards of Toyota and the Chicago Climate Exchange. [1] [9] [10]
Garten has been married to the former Ina Rosenberg since 1968. Ina Garten hosts Food Network's Barefoot Contessa, for which she has won six Emmy Awards. [11] She has also written thirteen best-selling cookbooks,including Cooking for Jeffrey in 2016. [12] [13] Garten and his wife live in East Hampton,New York.
Garten has been teaching a number of courses at the Yale School of Management:
He has led the following International Study Trips with Yale students:
Ina Rosenberg Garten is an American television cook and author. She is host of the Food Network program Barefoot Contessa, and was a former staff member of the Office of Management and Budget. Among her dishes are Perfect Roast Chicken, Weeknight Bolognese, French Apple Tart, and a simplified version of beef bourguignon. Her culinary career began with her gourmet food store, Barefoot Contessa; Garten then expanded her activities to many best-selling cookbooks, magazine columns, and a popular Food Network television show.
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the largest alternative investment firm globally.
Stephen Allen Schwarzman is an American businessman. He is the chairman and CEO of the Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson. Schwarzman was chairman of former President Donald Trump's Strategic and Policy Forum.
Lehman Brothers Inc. was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.
Peter George Peterson was an American investment banker who served as United States Secretary of Commerce from February 29, 1972, to February 1, 1973, under the Richard Nixon administration. Peterson was also chairman and CEO of Bell & Howell from 1963 to 1971. From 1973 to 1984 he was chairman and CEO of Lehman Brothers. In 1985, he co-founded the private equity firm The Blackstone Group, and served as chairman. In the same year, Peterson became chairman of the Council on Foreign Relations, a position he held until his retirement in 2007, after which he was named chairman emeritus. In 2008, Peterson was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 billion. He was also known as founder and principal funder of The Peter G. Peterson Foundation, which is dedicated to promoting fiscal austerity.
Henry "Hank" Merritt Paulson Jr. is an American investment banker and financier who served as the 74th United States Secretary of the Treasury from 2006 to 2009. Prior to his role in the Department of the Treasury, Paulson was the chairman and chief executive officer (CEO) of major investment bank Goldman Sachs.
The Yale School of Management is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University.
David J. Rothkopf is an American foreign policy, national security and political affairs analyst and commentator. He is the founder and CEO of TRG Media and The Rothkopf Group, a columnist for The Daily Beast and a former member of the USA Today Board of Contributors. He is the author of ten books including Running the World: The Inside Story of the National Security Council and the Architects of American Power, National Insecurity: American Leadership in an Age of Fear, and most recently, Traitor: A History of American Betrayal from Benedict Arnold to Donald Trump. He is also the podcast host of Deep State Radio. Rothkopf also serves as a registered foreign agent of the United Arab Emirates.
Richard Severin Fuld Jr. is an American banker best known as the final chairman and chief executive officer of investment bank Lehman Brothers. Fuld held this position from 1 April 1994 after the firm's spinoff from American Express until 15 September 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced the sale of major operations to parties including Barclays Bank and Nomura Securities.
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone.
Robert James Shiller is an American economist, academic, and author. As of 2022, he served as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was vice president of the American Economic Association in 2005, its president-elect for 2016, and president of the Eastern Economic Association for 2006–2007. He is also the co‑founder and chief economist of the investment management firm MacroMarkets LLC.
The George Washington University School of Business is the professional business school of George Washington University in Washington, D.C. The GW School of Business is ranked as one of the top business schools in the United States, with globally ranked undergraduate and graduate programs. GW's campus is also adjacent to some of the world's leading financial institutions, including the Federal Reserve, World Bank, and International Monetary Fund.
Timothy Franz Geithner is an American former central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and chairman of Warburg Pincus, a private equity firm headquartered in New York City.
William G. Parrett is an American businessman and senior manager who has served public, private, governmental, and state-owned clients worldwide. In October 2008, Parrett was elected to the board of directors of UBS AG and, in November 2014, to the Board of Directors of UBS Group AG. In May 2018, he stepped down from this role and was focussing on the position of President of UBS Americas Holding LLC.
James Tomilson "Tom" Hill III is an American billionaire hedge fund manager, the former president and CEO of Blackstone Alternative Asset Management (BAAM), Blackstone Group's hedge funds business.
Ronald Kent Shelp was the author of Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG. Shelp worked for Maurice "Hank" Greenberg, CEO of American International Group, for 12 years, ultimately serving as worldwide head of government relations. Fallen Giant is a 2006 non-fiction book that tracks AIG from its first business transaction in China in 1919, through its growth into a global financial services powerhouse, to Greenberg's exit in 2005 after accusations of fraud by New York Attorney General Eliot Spitzer. The contributions of C.V. Starr, AIG's founder, and Greenberg, who led the company for 37 years, are chronicled in the book. It was updated several times during the 2007–2008 financial crisis, when the US government seized control of AIG by lending the company $85 billion in exchange for a 79.9% equity stake, making the American taxpayer AIG’s largest shareholder. Fallen Giant was translated and published in China, Taiwan, and Korea.
Mauro F. Guillén is a Spanish-American sociologist and political economist who is currently the William H. Wurster Professor of Multinational Management at the Wharton School. In March 2021, he was named Dean of the Cambridge Judge Business School, and a Fellow of Queens' College at the University of Cambridge; he returned to Wharton in 2023. Until July 2021, he directed the Penn Lauder Center for International Business Education and Research, and was the Anthony L. Davis Director of the Joseph H. Lauder Institute of Management and International Studies from 2007 to 2019. His book 2030: How Today's Biggest Trends Will Collide and Reshape the Future of Everything was a Wall Street Journal bestseller and a Financial Times Book of the Year.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses. The firm was founded by Paul J Taubman after his 30-year tenure at Morgan Stanley, where he served as Global Head of Mergers and Acquisitions, Global Head of Investment Banking and until the end of 2012, Co-President of the Institutional Securities Group, which included Investment Banking as well as Sales and Trading.
Charles Li Xiaojia, is a Chinese banker. He was the Chief Executive of the Hong Kong Exchanges and Clearing Limited (HKEX) from 2010 to 2021.
Jay Newman is an American novelist and a former hedge fund portfolio manager for Elliott Management Corporation who led one of the most notable hedge fund trades in history. His novel about dark money and global politics, Undermoney, was published by Scribner Books in 2022.