This article is an orphan, as no other articles link to it . Please introduce links to this page from related articles ; try the Find link tool for suggestions. (August 2024) |
Linda Rabbitt is an American entrepreneur based in Washington metropolitan area. She is the founder and chairperson of Rand construction corporation (Rand**). [1] According to The Washington Post , she is one of the most influential people in Washington area business. [2]
Rabbitt was born in the suburbs of Detroit, Michigan, [3] and grew up in Grosse Pointe Woods and Bloomfield Hills. Her father immigrated to the United States from Germany in 1925 and worked in the automotive industry, [4] and her mother was the daughter of Italian immigrants. [5]
In 1970, Rabbitt graduated from the University of Michigan with a degree in social studies and a minor in education. [6] [4] In 1972, she earned a master's degree in education from the George Washington University (GWU). [7] [8]
After graduating from GWU, Rabbitt taught history and English in Fairfax County, Virginia. [2] In 1981, she joined the accounting firm Peat Marwick (now part of KPMG since 1987) as secretary. [9] [4] Later, she was promoted to marketing director. [3]
In 1985, Rabbitt co-founded Hart Construction with Sherry Turner, a marketer at an architectural firm. [10] [2] [11] Rabbitt left Hart in 1989. [2]
In July 1989, Rabbitt co-founded Rand construction corporation with Mark Anderson, a construction manager. [3] As of 2024 [update] , she has served as the company's chairperson and the major shareholder. [12]
In 2016, Rabbitt and Rand company were the subject of Harvard Business School case study. [5]
From 1993-2001, and since 2018, Rabbitt has served on the board of directors of The Economic Club of Washington, D.C., a nonprofit organization of local business leaders. She is the longest-serving director in the club's history, and in 2022, she received the inaugural Arne M. Sorenson Excellence in Leadership Award. [13]
Rabbitt served on the board of Willis Towers Watson when the company was Towers Watson, and, before that, Watson Wyatt. [14] [15] [16]
In 2009, Rabbitt joined the board of the Federal Reserve Bank of Richmond. [17] From 2010-2012, she served as deputy chair. [18] [19] [20] From 2013-2014, she served as chair. [21] [22]
As of 2024, Rabbitt serves as a trustee emeritus of the George Washington University and on the board of directors of Children's National Medical Center. [7] [23]
Rabbitt has also been active in local business organizations. She's served on the boards of what, according to The Washington Post, are "generally regarded as the area's two most influential business groups": the Federal City Council and the Greater Washington Board of Trade. [3] She chaired the Council from 2010-2012 and the Trade Board in 2002. [24] [25]
She is a past president of the Washington chapters of Commercial Real Estate Women [3] and the International Women's Forum. [2]
In 2003, Rabbitt had Rand build the offices of the National Breast Cancer Coalition pro bono. [26]
In 2012, Rabbitt financed an executive education program at George Washington University, "On the Board," to teach women how to be corporate board members. [4] [27]
Rabbitt was married in 1975, and later had two daughters. The marriage ended in divorce in 1980. [4] [27]
In 1990, she married John "Jake" Whalen. [28] They live in Bethesda, Maryland. [29]
In 2000, Rabbitt was diagnosed with breast cancer, [30] which was treated with several surgeries and chemotherapy. [31]
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows:
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System that is charged under United States law with overseeing the nation's open market operations. This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. Under the terms of the original Federal Reserve Act, each of the Federal Reserve banks was authorized to buy and sell in the open market bonds and short term obligations of the United States Government, bank acceptances, cable transfers, and bills of exchange. Hence, the reserve banks were at times bidding against each other in the open market. In 1922, an informal committee was established to execute purchases and sales. The Banking Act of 1933 formed an official FOMC.
Marriner Stoddard Eccles was an American economist and banker who served as the 7th chairman of the Federal Reserve from 1934 to 1948. After his term as chairman, Eccles continued to serve as a member of the Federal Reserve Board of Governors until 1951.
Cathy E. Minehan was President and Chief Executive Officer of the Federal Reserve Bank of Boston from 1994 until her retirement in July 2007. Minehan also served as a member of the Federal Open Market Committee, the body responsible for U.S. monetary policy. She was "appointed Dean of the School of Management of Simmons College, a private university, in August 2011 and is Managing Director of Arlington Advisory Partners, a private advisory services firm."
Austan Dean Goolsbee is an American economist and writer. He is the president of the Federal Reserve Bank of Chicago. Goolsbee formerly served as the Robert P. Gwinn Professor of Economics at the University of Chicago's Booth School of Business. He was the chairman of the Council of Economic Advisers from 2010 to 2011 and a member of President Barack Obama's cabinet. He served as a member of the Chicago Board of Education from 2018 to 2019.
Mary Ann Gates was an American banker, civic activist, non-profit executive, and schoolteacher. She was the first female president of King County's United Way, the first woman to chair the national United Way’s executive committee where she served most notably with IBM's CEO, John Opel, and the first woman on the First Interstate Bank of Washington's board of directors.
Sheila Colleen Bair is an American former government official who was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, during which time she shortly after taking charge of the FDIC in June 2006 began warning of the potential systemic risks posed by the growing trend of subprime-mortgage-backed bonds, and then later assumed a prominent role in the government's response to the 2008 financial crisis. She was appointed to the post for a five-year term on June 26, 2006, by George W. Bush through July 8, 2011. She was subsequently the 28th president of Washington College in Chestertown, MD, the first female head of the college in its 234-year history, a position she held from 2015 until her resignation in 2017.
Sandra Pianalto is an economist. She previously served as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland from 2003 to 2014.
Randal Keith Quarles is an American private equity investor and attorney who served as the first Vice Chair of the Federal Reserve for supervision from 2017 to 2021. He concurrently served as the chair of the Financial Stability Board from 2018 to 2021.
Lael Brainard is an American economist serving as the 14th director of the National Economic Council since February 21, 2023. She previously served as the 22nd vice chair of the Federal Reserve between May 2022 and February 2023. Prior to her term as vice chair, Brainard served as a member of the Federal Reserve Board of Governors, taking office in 2014. Before her appointment to the Federal Reserve, she served as the under secretary of the treasury for international affairs from 2010 to 2013.
Betsy Duke is an American bank executive who served as a member of the Federal Reserve Board of Governors from 2008 to 2013. Duke was confirmed by the Senate to fill an unexpired term ending January 31, 2012. She was the seventh woman to be appointed to the board. In July 2013, she announced her resignation from the board.
Melody C. Barnes is an American lawyer and political advisor. Formerly an aide and chief counsel to Senator Edward M. Kennedy on the Senate Judiciary Committee, Barnes later worked at the Center for American Progress, a think tank, before joining Senator Barack Obama's 2008 presidential campaign. After Obama took office as president, Barnes was appointed director of the Domestic Policy Council, serving in that post from January 2009 to January 2012. After leaving the White House, Barnes assumed roles at the Aspen Institute and New York University. Since 2016, she has been at the University of Virginia, where she teaches law and is the co-director of the UVA Democracy Initiative.
Jørgen Randers is a Norwegian academic, professor emeritus of climate strategy at the BI Norwegian Business School, and practitioner in the field of future studies. His professional field encompasses model-based future studies, scenario analysis, system dynamics, sustainability, climate, energy and ecological economics. He is also a full member of the Club of Rome, a company director, a member of various not-for-profit boards, a business consultant on global sustainability matters and an author. His publications include the seminal work The Limits to Growth (co-author), and Reinventing Prosperity. He served, between 1994 and 1999, as deputy director general of the World Wildlife Fund International.
The Federal Reserve Bank of Richmond Baltimore Branch Office is one of the two Federal Reserve Bank of Richmond branch offices. The Federal Reserve Bank of Richmond's Baltimore Branch is an operational and regional center for Maryland, the metropolitan Washington D.C. area, Northern Virginia, and northeastern West Virginia. The Baltimore branch is part of the Fifth District and has the code E5. It supports Check 21 operations, supplies coin and currency to financial institutions and works to maintain stability in the financial sector throughout the Fifth District and also works with local elected officials and non-profit organizations to support fair housing initiatives throughout the Fifth District. The Baltimore branch was founded in March 1918 and is currently headed by William R. Roberts.
Jeri Kaylene Somers is chair of the Civilian Board of Contract Appeals and is a former nominee for judge of the United States Court of Federal Claims.
John Alfred Broaddus Jr. was the sixth president of the Federal Reserve Bank of Richmond, headquarters of the Fifth District of the Federal Reserve System serving the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia with the exception of the Northern Panhandle.
Thomas I. Barkin is an American central banker, who became the eighth president and CEO of the Federal Reserve Bank of Richmond on January 1, 2018. He worked at global management consulting firm McKinsey & Company for 30 years in increasingly senior positions, including as global chief financial officer (CFO) and chief risk officer, with oversight of finance, legal and information technology functions, among others. He also served on the executive committee of the Metro Atlanta Chamber of Commerce, as an Emory University Board of Trustees member, and former board member and chairman of the Federal Reserve Bank of Atlanta.
Kathy J. Warden is an American business executive who has been chief executive officer (CEO) and president of Northrop Grumman since 2019.
Jacqueline (Jackie) Reses is an American businesswoman, investor, author and philanthropist. She is the Chair and CEO of Lead Bank, a state chartered bank in Kansas City, Missouri, and the CEO of Post House Capital, a private investment firm and family office. She is a member of the Kansas City Federal Reserve's Community Depository Advisory Council and the former Chairman of the Economic Advisory Council of the San Francisco Federal Reserve.
{{cite news}}
: CS1 maint: date format (link)