From 1984 to 1997, he was an associate and partner at McKinsey & Company. Roger Fergusons position as CEO of TIAA (Teachers Insurance and Annuity Association) was earned in a rather unique way. Net Worth in 2021. Dr. Roger W. Ferguson Jr. serves as Independent Director of the Company. Roger W. Ferguson Jr. (born October 28, 1951 in Washington, D.C.) is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006, and has served as President and Chief Executive Officer of the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA) since April, 2008. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. It seems to have worked out well for him. 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. Gilead Sciences executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. He is expected to be a cabinet pick for Biden. How Much Does it Cost to Attend a New Orleans Saints Game? The study was released on April 12, 2012. In addition, Mr. Ferguson led the Feds initial response on 9/11. The estimated Net Worth of Roger W. Jr. Ferguson is at least $1.03 Million dollars as of 14 June 2021. Larry Page and Sergey Brin founded Google in September 1998. The most active traders at the company are There are 7 executives at International Flavors & Fragrances getting paid more, with AndreasFibig having the highest compensation of $7,629,080. He has some unique views on the corporate ladder, leadership, and money, as you will see as you read on. Last updated: 9 February 2023 at 4:09pm EST. 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. You may opt-out by, With all thy getting, get understanding. Roger W. Ferguson, President and CEO of Teachers Insurance and Annuity Association of America. Between 2010 and 2012, Ferguson co-chaired a National Research Council panel on the Long-Run Macro-Economic Effects of the Aging U.S. Population. [13], With three co-authors, in November 2007 Ferguson published "International Financial Stability", Geneva Report No. Roger W. Ferguson Jr.s income source is mostly from being a successful . Dr. Ferguson also served as Director of Research and Information Systems, overseeing a staff of 400 research professionals and managing the firm's investments in knowledge management technologies. Ferguson received a B.A. James Simons, Donald Sussman, Roger Altman, and Blair Effron were some of the biggest financial supporters of Biden. We have estimated Roger W. Ferguson Jr.'s net worth, money, salary, income, and assets. Kirk Gregg, He was based in New York City from 1984 to 1997, and managed a variety of studies for financial institutions. Joe Biden is President-elect of the United States. Those two geniuses, Andrew Carnegie in 1918 and Bill Greenough in 1952, both in their own ways revolutionized retirement in America. Roger Ferguson owns over 1,420 units of Alphabet Inc stock worth over $652,311 and over the last 12 years he sold GOOG stock worth over $0. 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. Robert Mercer of Renaissance Technologies and Stephen Schwarzman of Blackstone Group have been advisors to Trump during his four years in office, advising him on economic policy and other matters. 1. Roger holds a Bachelor of Arts degree in economics, a Doctoral degree in economics, and a Juris Doctor degree, all from Harvard University. We recommend you to check the complete list of Famous People born on 28 October. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. He is currently Chairman of the Conference Board and serves on the boards of the American Council of Life Insurers, the Institute for Advanced Study, and the Memorial Sloan Kettering Cancer Center. 9. Simons, a mathematician by trade, could land a key position in the Biden White House. All of this speculation will be revealed with Biden's cabinet picks soon. On average, Roger trades about 105 units every 1 days since 2011. Donald Sussman, who heads up Paloma Advisors gave $26.3 million to Democrats, making him the third-largest Democratic backer after Tom Steyer and Michael Bloomberg. Year: Net Worth: 2019: $25 Million : 2020: Learn how your comment data is processed. He was the first African-American vice chairman. Gilead Sciences, Inc. has collaboration agreements with Arcus Biosciences, Inc.; Pionyr; Tizona; Tango Therapeutics, Inc.; Jounce Therapeutics, Inc.; Galapagos; Janssen; Japan Tobacco, Inc.; Gadeta; Bristol-Myers Squibb Company; Merck; and Novo Nordisk A/S. As the Independent Director of International Flavors & Fragrances, the total compensation of Roger Ferguson at International Flavors & Fragrances is 264,585. In 2016, Ferguson received the Harvard Medal, awarded annually by the Harvard Alumni Association for service to Harvard. Roger Ferguson Net Worth Roger Ferguson biography. His mother was a school teacher, yet he did not know anyone who was anyone other than African American descent until he reached the 7th grade. He has a good relationship with Biden and senior members of his campaign. Over the last 7 years, insiders at Alphabet Inc have traded over $10,858,387,952 worth of Alphabet Inc stock. There are 9 executives at Alphabet Inc getting paid more, with SundarPichai having the highest compensation of $280,622,016. Youll enjoyand benefit fromthe observations of this remarkable man. As President of TIAA-CREF Ferguson manages more than $1 trillion in retirement assets. As a supply-side economist, Kudlow said he was worried that Ferguson would follow a Neo-Keynesian policy and would oppose the Bush Administration's economic policy. The Council, supported by the Bank for International Settlements, was formed to address issues associated with the Year 2000 computer challenge within the global financial supervisory community. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Roger Ferguson is 68, he's been the Independent Director of Alphabet Inc since 2016. Currently he serves as Chairman of the Conference Board and a member of the Board of Trustees of the Institute for Advanced Study and the Board of Trustees of the Memorial Sloan Kettering Cancer Center. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. Desegregation was a key issue for him then and now, and he continues to tell young people of all colors about the value of education. With his win and the new administration he and Kamala Harris will put together, a new lineup of Wall Street executives and financiers will have access to Biden and his inner circle. Prior to his term as vice chairman, Ferguson was appointed a member of the Federal Reserve Board of Governors in 1997. He was responsible for leading the Federal Reserve's initial response to the terrorist attacks and was praised for his expert handling of the crisis. There are 16 executives at Gilead Sciences getting paid more, with JeffreyHarmening having the highest compensation of $15,837,600. Learn How rich is He in this year and how He spends money? On average, Roger trades about 105 units every 1 days since 2011. BOSTON, July 14, 2022 /PRNewswire/ -- NDVR (pronounced "endeavor"), a start-up pioneering a new category of Wealth Optimization for High Net Worth investors, today announced that Roger W.. Roger W. Ferguson, President and CEO of Teachers Insurance and Annuity Association of America. On average, Alphabet Inc executives and independent directors trade stock every 3 days with the average trade being worth of $1,059,981. From 1973 to 1974, he attended Pembroke College at Cambridge University on a Frank Knox Memorial Fellowship. As the Independent Director of Alphabet Inc, the total compensation of Roger Ferguson at Alphabet Inc is $428,298. 9, dealing with challenges to global financial stability and including observations regarding the liquidity crisis of 2007. Sign up in seconds, it's free! He is a member of famous with the age 71 years old group. Roger has served as the President and Chief Executive Officer of TIAA, a major financial services company, since April 2008. The IJCB has more than 50 sponsoring institutions. His insights are worth listening to. Dr. Roger W. Ferguson Jr., Ph.D., J.D. Ferguson served as the vice chairman of the Group of 30 study group that published "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace". The study, which has been translated into three languages. What is the salary of Roger Ferguson? $60K on May 19, 2021. Additionally, Ferguson's leadership style and leadership of TIAA have been highlighted in several management books, including "The Extraordinary Power of Leader Humility" by Marilyn Gist and "The Harvard Business Review Leader's Handbook: Make an Impact, Inspire Your Organization, and Get to the Next Level" by Ron Ashkenas and Brook Manville. Ferguson heads up the storied Teachers Insurance and Annuity Association of America, which was founded by Andrew Carnegie more than a century ago to provide retirement income and life insurance to educators. There are 1 older and 16 younger executives at Alphabet Inc. From November, 1997, until his appointment as Vice Chairman in October, 1999, he served as a Member of the Federal Reserve Board of Governors. Last updated: 1 March 2023 at 11:00am EST. In the last 2 years at Corning Inc /ny, Roger Ferguson Jr has sold an estimated value of $0 worth. [8][9] While he started with little, he made the most of what he had and has become a Fortune 100 CEO. [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. Roger Ferguson is 68, he's been the Independent Director of Gilead Sciences since 2015. The study was released July, 2015. He sees both the business and America as places where people can prosper as a result of, not in spite of, diversity. 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. But due to his upbringing he learned the value of work and a job, regardless of its perceived social status. [14], Ferguson served as the vice chairman of the Group of 30 study group that published "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace". He's been a big backer of Biden and is expected to be considered for a job in his administration. On April 4, 2008, Roger W. Ferguson Jr. was named the new President and Chief Executive Officer of the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA), succeeding Herbert M. Allison, effective April 14, 2008. The estimated Net Worth of Roger W. Jr. Ferguson is at least 1.05 $ dollars as of 14 June 2021. Roger Ferguson Net Worth Roger Ferguson biography. 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. The study was released July, 2015. It also offers Yescarta, Tecartus, Trodelvy, and Zydelig products for the treatment of hematology, oncology, and cell therapy patients. Ferguson also has thoughts on the student debt crisis, so many Americans lack of financial literacy and much else. . 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. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. The resulting International Journal of Central Banking was announced in 2004 and first published in 2005, with two objectives: to disseminate widely the best policy-relevant research on central banking and to promote communication among central banks. Table of Contents show 1. There's precedence for this, of course: Jake Siewert, a veteran of Goldman Sachs, was press secretary in the Clinton administration and was in the Treasury Department under President Obama. There are 1 older and 16 younger executives at Alphabet Inc. As a supply-side economist, Kudlow said he was worried that Ferguson would follow a Neo-Keynesian policy and would oppose the Bush Administration's economic policy. [20], Between 2010 and 2012, Ferguson co-chaired a National Research Council panel on the Long-Run Macro-Economic Effects of the Aging U.S. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. His father grew up in the Great Depression. In November 2020, he announced that he would retire at the end of March 2021. The Working Party released its final report on January 25, 2001. 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. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance . The citation presented with the Medal reviewed Fergusons achievements and featured reflections from Douglas Elmendorf, Drew Faust and Larry Summers. Last updated: 1 March 2023 at 11:00am EST. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $692,898 and over the last 12 years he sold GOOG stock worth over $0. In 2015, Ferguson became a member of the Board of Directors of General Mills.