Roger W. Ferguson, President and CEO of Teachers Insurance and Annuity Association of America. The legal protection for an electronic "substitute check" in turn is a key element in the development and growth of mobile banking. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $658,139 and over the last 12 years he sold GOOG stock worth over $0. How much does Roger Ferguson make? As an African American family in the lower socioeconomic stratum of the day, he remembers that when growing up his entire family would gather every Friday to watch the venerable Wall Street Week program about money and Wall Street. Garrett by trade is a personal finance freelance writer and journalist. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $775,530 and over the last 11 years he sold GOOG stock worth over $0. While at the Fed, Ferguson served as Chairman of the Group of Ten Working Party on Financial Sector Consolidation. Beyond just asking questions, he thinks that being able to handle criticism properly is necessary for personal growth and to be seen as someone who can be followed with confidence. And then having, you know, Andrew Brimmer appointedan African-American guy, [who] came from a very modest backgroundhis parents were sharecroppers, I thinkyou know, proved that it was doable for a person who looked like me., We have to get more people covered. 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. 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. Sign up in seconds, it's free! The Scent segment provides fragrance compounds, which include fine fragrances comprising perfumes and colognes, as well as consumer fragrances for personal care, household products, and beauty care; fragrance ingredients comprising synthetic and natural ingredients that could be combined with other materials to create fragrance and consumer compounds; and cosmetic active ingredients consisting of active and functional ingredients, botanicals, and delivery systems to support its customers' cosmetic and personal care product lines. During 2003, Ferguson became the Chairman of the Committee on the Global Financial System (CGFS), a central bank panel that monitors and examines broad issues related to financial markets and systems. These works cover a wide range of topics in financial regulation, financial stability, financial institution culture and governance. roger ferguson net worth. There are no older and 31 younger executives at Gilead Sciences. in economics magna cum laude in 1973, a J.D. How Much Does It Cost to Attend a Tennessee Titans Game? Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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? 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. James Simons, Donald Sussman, Roger Altman, and Blair Effron were some of the biggest financial supporters of Biden. [19], Ferguson served as co-chairman of the Group of 30 study group that published "Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform". In addition, he makes $428,298 as Independent Director at Alphabet Inc. In 2019, Ferguson received the Harvard Centennial Medal. He thought it was interesting that the mindset of the family for those 30 minutes was more like millionaires rather than the average family. Yet this diverse background gave him the perspective to become realistic and flexible in his approach to business. 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.. Wendell Weeks, Chairman and CEO, Sign up in seconds, it's free! With each passing day, Roger Ferguson Tiaa overall profits continue to rise, and he is becoming more popular on the sidelines. The estimated Net Worth of Roger W. Jr. Ferguson is at least $1.08 Milln dollars as of 14 June 2021. This segment also creates and manufactures a naturals-focused suite of flavor compounds, functional foods, and specialty fine ingredients to small, local, and regional customers. Last updated: 1 March 2023 at 11:00am EST. [citation needed] 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. Roger Ferguson Jr owns about 6,938 units of Corning Inc /ny common stock. 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. $1 Million - $5 Million. Salary in 2020. 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. [15], Ferguson served as chairman of the Group of 30 study group that published "Enhancing Financial Stability and Resilience: Macroprudential Policy, Tools and Systems for the Future". Roger W. Ferguson, President and CEO of Teachers Insurance and Annuity Association of America. Sign up in seconds, it's free! Among Ferguson's published works are: "International Financial Stability", Geneva Reports World Economy 9 (2007), "Banking, Financial and Regulatory Reform" (2007), "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace" (2008), "Enhancing Financial Stability and Resilience: Macroprudential Policies, Tools and Systems for the Future" (2010), "Regulatory Reforms and Remaining Challenges" (2011), "Aging and the Macroeconomy: Long-term Implications of an Older Population" (2012), "Toward Effective Governance of Financial Institutions" (2012), "A New Paradigm: Financial Institutions Boards and Supervisors" (2013), "Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform" (2015), "The Future of Undergraduate Education, The Future of America" (2017). On average, Roger trades about 105 units every 1 days since 2011. As of 14 June 2021 he still owns at least 6,938 units of Alphabet Inc stock. serves as Independent Director of the Company. [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. Ferguson was also a most unusual child: As a youngster, he devoured economic writings. 50 years after Roger Moore told how their . 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. It seems to have worked out well for him. He was also a member of the Board of Directors of Audax Health, a start-up that blends social media with health care, until 2014, when Audax Health was sold to Optum. As the Independent Director of Alphabet Inc, the total compensation of Roger Ferguson at Alphabet Inc is $428,298. The estimated Net Worth of Roger W. Jr. Ferguson is at least 1.05 $ dollars as of 14 June 2021. Roger W. Ferguson Jr. net worth 25.3 Million Millions of dollars 98% Net worth score Disclamer: Roger W. Ferguson Jr. net worth displayed here are calculated based on a combination social factors. You'll. Alphabet Inc 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. TIAA. serves as Independent Director of the Company. In October 2015, Alphabet became the parent holding company of Google. 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. Today, the Cavaliers have continued to be a contender team, and their successes, Read More 10 Things You Didnt Know About Cleveland Cavaliers Owner Dan GilbertContinue, I was recently asked about how I balance the demands of my CEO work life at Datron with my personal life. Sign up in seconds, it's free! Which Billionaires Are Funding The Democratic Candidates' Campaigns. "[12], Ferguson proposed the idea of a journal dedicated to central banking theory and practice. ", 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. Youll enjoyand benefit fromthe observations of this remarkable man. He has had amazing career in education (three degrees from Harvard), the nonprofit world, the private sector and government. Over the last 7 years, insiders at Alphabet Inc have traded over $10,858,387,952 worth of Alphabet Inc stock. 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. The best leaders are strong and resilient. It was a bravura performance. Apr 2008 - May 202113 years 2 months. He has served as a member of our Board of Directors since June 2016. . Ferguson has also been appointed to the board of directors of several companies.[1]. On June 29, 2016, Ferguson became a member of Board of Directors of Alphabet Inc. Ferguson is also active in higher education policy discussion groups, serving in 2016 and 2017 as co-chairman of the Commission on the Future of Undergraduate Education (sponsored by the American Academy of Arts and Sciences). It also offers Yescarta, Tecartus, Trodelvy, and Zydelig products for the treatment of hematology, oncology, and cell therapy patients. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re America Holding Corporation, a global reinsurance company, from 2006 to 2008. On this Wikipedia the language links are at the top of the page across from the article title. Ferguson earned all three of his degrees at Harvard a bachelors in Economics, a law degree, and finally a doctorate. (THE MARKETS; Fed Reconsiders Policy Of Disclosing Tilt on Rates), While at the Fed, Ferguson served as Chairman of the Group of Ten Working Party on Financial Sector Consolidation. After leaving the Fed, he served as president and CEO of the Teachers Insurance and Annuity Association of America (TIAA) from 2008 to 2021. In addition, he makes $428,298 as Independent Director at Alphabet Inc. The Centennial Medal is the highest honor bestowed by the Graduate School of Arts and Sciences and is awarded for contributions to society as they have emerged from ones graduate education at Harvard. All of this speculation will be revealed with Biden's cabinet picks soon. This is in part due to the global nature of business and the influence the Internet has played in both education and experience. Roger Ferguson Jr's largest purchase order was 1,399 units , worth over There are 1 older and 16 younger executives at Alphabet Inc. Table of Contents show 1. Between 2008 and 2012, Ferguson served as economic advisor to President Obama, initially as a member of the President-elect's Transition Economic Advisory Board and subsequently as a member of the President's Economic Recovery Advisory Board and the President's Commission on Jobs and Competitiveness. You may opt-out by, With all thy getting, get understanding. From 1973 to 1974, he attended Pembroke College at Cambridge University on a Frank Knox Memorial Fellowship. He is from United States. and current macroeconomic topics. serves as Independent Director of the Company. Wallmine is a radically better financial terminal. The most recent stock trade was executed by Amie Thuener O'toole on 1 March 2023, trading 637 units of GOOG stock currently worth $57,426. There are 9 executives at Alphabet Inc getting paid more, with SundarPichai having the highest compensation of $280,622,016. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re . The right course is not always the most popular one, but that is where being strong and resilient becomes an important personal characteristic. 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. 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. Roger has been a member of the board of directors of General Mills, Inc., a manufacturer and marketer of branded consumer foods, since December 2015, and serves as chair of its finance committee and as a member of its corporate governance committee; and a member of the board of directors of International Flavors & Fragrances, Inc., a creator of flavors and fragrances, since April 2010, and serves as chair of its compensation committee. Joe Biden is President-elect of the United States. Roger is also a member of the Smithsonian Institutions Board of Regents and serves on the New York State Insurance Advisory Board. 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. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. Ferguson was the only Federal Reserve Governor in Washington, D.C. during the September 11 attacks in 2001. He also became the Chairman of the Financial Stability Forum (FSF), which promotes international financial stability through information exchange and international cooperation in financial supervision and surveillance. Ferguson has a well-rounded perspective on business and life because of his experiences growing up, both in Washington D.C. and at Harvard. 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. serves as Independent Director of the Company. [11], Alan Greenspan has called Ferguson "one of the most effective Vice Chairmen in the history of the Federal Reserve. Why Do Law Enforcers Keep Stealing Forfeiture Funds? His father grew up in the Great Depression. He also looks for this in an informed consumer who will be committing a large part of their assets into financial investments no matter how large or small the investment may be. Year: Net Worth: 2019: $1 Million: 2020: $1.5 Million: The study was released on April 12, 2012. He is expected to be a cabinet pick for Biden. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. 20 Things You Didnt Know about Potato Parcel. 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 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. Mr. Ferguson has been the President and Chief Executive Officer of TIAA (formerly TIAA-CREF) since 2008. Instead of looking at business success analogous to climbing the well-worn corporate ladder, he sees success akin to what he calls climbing a wall. Tom Steyer is expected to have influence in Biden's administration. He is a fellow of the American Academy of Arts & Sciences and co-chairs its Commission on the Future of Undergraduate Education. 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. Ferguson was also a most unusual child: As a youngster, he devoured economic writings. American economist, lawyer and businessesman (born 1951), Learn how and when to remove these template messages, Learn how and when to remove this template message, Teachers Insurance and Annuity Association of America, THE MARKETS; Fed Reconsiders Policy Of Disclosing Tilt on Rates, 2001 LC Honorary Degree Recipient Shows Strength During Crisis, "HAA Announces 2016 Harvard Medalists | Stories", "Roger Ferguson: 2019 Centennial Medal Citation | Harvard University - The Graduate School of Arts and Sciences", "Bernanke Seen as Safe Pick For a White House in Straits", "Roger Ferguson, a top Black Wall Street exec who manages $1 trillion, steps down", "External Advisory Group | McKinsey & Company", "The Astonishing Story of the Federal Reserve on 9-11", "Vice Chairman of the Fed, a Greenspan Ally, Resigns", https://www.nytimes.com/2001/09/24/opinion/24iht-eddavid_ed2_html, "Fed Vice Chairman Resigns, Adding to Turnover at Top", "Central bankers must work 'more closely together', "The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace", "Enhancing Financial Stability and Resilience: Macroprudential Policy, Tools, and Systems for the Future", "Obama to meet with economic team, talk to media", "Factbox: CEOs named to Obama's U.S. jobs council", "Toward Effective Governance at Financial Institutions", "Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform", "Committee: Long-Run Macro-Economic Effects of the Aging U.S. Population", "Home | National-Academies.org | Where the Nation Turns for Independent, Expert Advice", International Financial Stability, Geneva Report No 9, Cambridge Endowment for Research in Finance. The citation presented with the Medal reviewed Fergusons achievements and featured reflections from Douglas Elmendorf, Drew Faust and Larry Summers. He is also one of the most prominent black men on Wall Street. Mr. Ferguson has also served in various policy-making positions, including as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from 1999 to 2006. 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. The largest trade he's ever made was buying 1,420 units of Alphabet Inc stock on 14 June 2021 worth over $59,839. Roger Ferguson Net Worth Roger Ferguson biography. Steyer is believed to be in line for an environmental policy position. When asked about what makes a great leader, he says that being able to ask the necessary questions to learn what you dont know about the organization or group of people you are leading is essential to understanding what really is going on. over $59.84K on June 14, 2021. [3], In 2019, Ferguson received the Harvard Centennial Medal. The current estimated net worth of Corning Inc /ny's Director, Roger Ferguson Jr, is estimated to be about $1.77M . In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. Sign up in seconds, it's free! The oldest executive at International Flavors & Fragrances Inc. is KatherineHudson, 73, who is the Independent Director. 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 owns over 1,420 units of Alphabet Inc stock worth over $602,010 and over the last 12 years he sold GOOG stock worth over $0. Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products. The study was released on October 10, 2010. Formerly, Ferguson was Co-Chairman of the Committee for Economic Development. 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. 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. A lack of information requires people to step up and find out what they dont know through asking questions. The largest trade he's ever made was buying 1,420 units of Alphabet Inc stock on 14 June 2021 worth over $59,839. Mr. Ferguson served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from 1999 to 2006. [13], With three co-authors, in November 2007 Ferguson published "International Financial Stability", Geneva Report No. He is from United States. View popular celebrities life details, birth signs and real ages. Ferguson has co-authored, edited or led study groups or commissions that have produced numerous publications, including monographs, occasional papers, study group reports and commission reports. Dr. Roger W. Ferguson Jr. serves as Independent Director of the Company. Asking questions is a part of a leadership model and an informed consumer. Formed in September 1999 at the request of the finance ministers and central bank governors of the G-10, the Working Party examined the causes of consolidation in the financial sector and its potential effects. 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. Roger Ferguson Jr - Director, Corning Inc /ny As of October 4, 2022 What is Roger Ferguson Jr's Net Worth? 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. There are no older and 31 younger executives at Gilead Sciences. serves as Independent Director of the Company. Dr. Roger W. Ferguson Jr. serves as Independent Director of the Company. This site uses Akismet to reduce spam. His insights are worth listening to. Learn how your comment data is processed. This was the landmark case that desegregated public schools in America. 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. The 69-year-old Ferguson, who has. Ferguson was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006. Roger Ferguson owns over 1,420 units of Alphabet Inc stock worth over $615,609 and over the last 12 years he sold GOOG stock worth over $0. We have estimated Roger W. Ferguson Jr.'s net worth, money, salary, income, and assets. The study of the regulatory structure of 17 jurisdictions was released on October 6, 2008. 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. Ferguson served as co-chairman of the Group of 30 study group that published "Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform". 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. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance company, from 2006 to 2008. , money, salary, income, and assets. 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 also presented an opening statement at the semi-annual meetings of the International Monetary and Financial Committee of the International Monetary Fund. Ferguson was the only Federal Reserve Governor in Washington, D.C., during the September 11 attacks in 2001. 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". Roger's mailing address filed with the SEC is 415, Kearny Street, Telegraph Hill, San Francisco, California, 94133, United States. 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. Larry Page and Sergey Brin founded Google in September 1998. International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. In addition, he makes $428,298 as Independent Director at Alphabet Inc. [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". The study was released on April 12, 2012. 9, dealing with challenges to global financial stability and including observations regarding the liquidity crisis of 2007.