After leaving the Fed, he served as president and CEO of the Teachers Insurance and Annuity Association of America (TIAA) from 2008 to 2021. 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. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. He was formerly a member of both the Commission on the Future of Graduate Education (sponsored by the Council of Graduate Schools) and the Commission on the Humanities and Social Sciences (sponsored by the American Academy of Arts and Sciences). 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. 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. . President and CEO of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural . It also offers Yescarta, Tecartus, Trodelvy, and Zydelig products for the treatment of hematology, oncology, and cell therapy patients. In the last 2 years at Corning Inc /ny, Roger Ferguson Jr has sold an estimated value of $0 worth. The study was released July, 2015. In addition, Mr. Ferguson led the Feds initial response on 9/11. Roger Ferguson, a top Black Wall Street exec who manages $1 - CNN Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. He was the first African-American vice chairman. Roger Ferguson Net Worth | Bio, Family, Address, Career The IJCB has more than 50 sponsoring institutions. Few Can Match This Man's Incisiveness On Matters Of Money: Roger Ferguson Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $688,805 and over the last 12 years he sold GOOG stock worth over $0. Prior to his term as vice chairman, Ferguson was appointed a member of the Federal Reserve Board of Governors in 1997. While he started with little, he made the most of what he had and has become a Fortune 100 CEO. Roger Ferguson Jr - Director, Corning Inc /ny As of October 4, 2022 What is Roger Ferguson Jr's Net Worth? On average, Roger trades about 105 units every 1 days since 2011. The Working Party released its final report on January 25, 2001. As of 14 June 2021 he still owns at least 6,938 units of Alphabet Inc 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. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance . He also serves as a Regent of the Smithsonian Institution, having been approved in 2017 by both Houses of Congress for a six-year term. Sign up in seconds, it's free! Ferguson was also a member of the Board of Overseers of Harvard University, serving as President during 2008-2009, an elected member of the Board of Directors of the Harvard Alumni Association, a Trustee of the Carnegie Endowment for International Peace, the National Bureau of Economic Research and the New America Foundation. It is expected that Siewert could also take a position in Biden's White House. Morgan Stanley executive Thomas Nides worked with Hillary Clinton's campaigns and was a deputy secretary of state for Obama. Donald Trump Is Putting Together The Wealthiest Administration In History. The study was released on April 12, 2012. Most recently he bought 1,420 units of GOOG stock worth $59,839 on 14 June 2021. It was a bravura performance. Dr. Roger W. Ferguson Jr. serves as Independent Director of the Company. "[12], Ferguson proposed the idea of a journal dedicated to central banking theory and practice. Ferguson received a B.A. From 1973 to 1974, he attended Pembroke College at Cambridge University on a Frank Knox Memorial Fellowship. 2. On February 22, 2006, Ferguson sent his resignation letter to President George W. Bush. Tom Steyer (Photo by Justin Sullivan/Getty Images). 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. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $651,548 and over the last 12 years he sold GOOG stock worth over $0. The study was released on October 10, 2010. His net worth has been growing significantly in 2021-2022. 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. He is from United States. 20 Things You Didnt Know about Potato Parcel. Between July 1998 and March 2000, Ferguson served as Chairman of the Joint Y2K Council. There are 9 executives at Alphabet Inc getting paid more, with SundarPichai having the highest compensation of $280,622,016. In addition, he has honorary degrees from Lincoln College (Illinois), Webster University, Washington and Jefferson College, Michigan State University, Worcester Polytechnic Institute, St. Lawrence University, University of Maryland, Baltimore County, Georgetown University, Metropolitan College of New York, Wabash College, Colby College, Lincoln University (Pennsylvania), Rensselaer Polytechnic Institute, Stevens Institute of Technology, Sewanee: The University of the South, American University, Hofstra University and The University of Michigan. So, how much is Roger W. Ferguson Jr. worth at the age of 70 years old? 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. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. 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). And then suddenly figured out, in a more formal way, that the Federal Reserve was the organization that really set interest rates. One stumbling block to that appointment, however, is the progressive element of the Democratic party. While some fathers would talk about sports, Ferguson related from his memories at the dinner table that his father would also include discussions about investment as a matter of family table talk. Roger holds a Bachelor of Arts degree in economics, a Doctoral degree in economics, and a Juris Doctor degree, all from Harvard University. in economics magna cum laude in 1973, a J.D. Sign up in seconds, it's free! In addition, he makes $428,298 as Independent Director at Alphabet Inc. From 1984 to 1997, Mr. Ferguson was an associate and partner at the consulting firm McKinsey & Company. He was based in New York City from 1984 to 1997, and managed a variety of studies for financial institutions. (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. Roger W. Ferguson Jr.'s income source is mostly from being a successful . 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. The estimated Net Worth of Roger W. Jr. Ferguson is at least $1.08 Milln dollars as of 14 June 2021. Roger is also a member of the Smithsonian Institutions Board of Regents and serves on the New York State Insurance Advisory Board. Year: Net Worth: 2019: $25 Million : 2020: As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. Submit a correction suggestion and help us fix it! As one of a very few African American CEOs who lead Fortune 100 companies, the issue of diversity and other social justice matters are connected to these early life experiences. As Chairman of the FSF, Ferguson had a similar monitoring and reporting role for the Group of Seven (also known as the G-7) Finance Ministers and Central Bank Governors. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $660,151 and over the last 12 years he sold GOOG stock worth over $0. [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". 7. 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 Ferguson Jr's largest purchase order was 1,399 units , worth over and James Flaws, VICE CHAIRMAN 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. He is a realistic 21st century businessman. The largest trade he's ever made was buying 1,420 units of Alphabet Inc stock on 14 June 2021 worth over $59,839. You'll. Salary in 2020. cum laude in 1979, and a Ph.D. in economics in 1981, all from Harvard University. Also learn how He earned most of networth at the age of 69 years old? Mr. Ferguson served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from 1999 to 2006. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re America Holding Corporation, a global reinsurance company, from 2006 to 2008. Roger W. Ferguson Jr. Biography, Age, Height, Wife, Net Worth, Family Roger Ferguson doesnt like making excuses for personal or financial failure. Dr. Roger W. Ferguson Jr., Ph.D., J.D. He thought it was interesting that the mindset of the family for those 30 minutes was more like millionaires rather than the average family. Ferguson also has thoughts on the student debt crisis, so many Americans lack of financial literacy and much else. Year: Net Worth: 2019: $1 Million: 2020: $1.5 Million: How much does Roger Ferguson make? 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. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. Roger Ferguson owns over 1,420 units of Alphabet Inc stock worth over 626,155$ and over the last 12 years he sold GOOG stock worth over 0$. He represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations and Supervision and Regulation. 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. His resignation came into effect on April 28, 2006. In the last 20 years, insiders at Corning Inc /ny have sold an estimated value of $923.75M The current estimated net worth of Corning Inc /ny's Director, Roger Ferguson Jr, is estimated to be about $1.77M . But due to his upbringing he learned the value of work and a job, regardless of its perceived social status. Ferguson was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006. Roger is also a member of the Smithsonian Institutions Board of Regents and serves on the New York State Insurance Advisory Board. Roger Ferguson Jr usually trades in May, with the busiest year in 2021. As the CEO of a huge retirement services company, it would be easy to think that his major focus is on the Baby Boom generation, particularly as they have a vast amount of financial resources to invest. 6. With each passing day, Roger Ferguson Tiaa overall profits continue to rise, and he is becoming more popular on the sidelines. 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. Roger Ferguson Jr owns about 6,938 units of Corning Inc /ny common stock. 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. Gene Editing Might Change Those Susceptible to Heart Disease, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Dr. Roger W. Ferguson Jr. serves as Independent Director of the Company. Roger Ferguson is 68, he's been the Independent Director of Alphabet Inc since 2016. So he knows the various facets of business and admits that this end at TIAA was not part of his career plan. 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. He believes in financial well-being regardless of how old you are. Dr. Roger W. Ferguson Jr., Ph.D., J.D. In June, 2016, Alphabet Inc. appointed Roger W. Ferguson Jr. to its board of directors. Roger Ferguson's position as CEO of TIAA (Teachers Insurance and Annuity Association) was earned in a rather unique way. Wendell Weeks, Chairman and CEO, 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. 10 Things You Didnt Know About Cleveland Cavaliers Owner Dan Gilbert. Over the last 7 years, insiders at Alphabet Inc have traded over $10,858,387,952 worth of Alphabet Inc stock. Ferguson was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006. Since then, the company has grown to more than 130,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, Google Cloud and YouTube. 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. Roger has served as the President and Chief Executive Officer of TIAA, a major financial services company, since April 2008. This segment serves perfume and toiletries manufacturers in the cosmetics industry; and manufacturers of soaps, detergents, fabric care, household cleaners, and air fresheners in the household products industry. 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. The study was released on April 12, 2012. Ferguson was the only Federal Reserve Governor in Washington, D.C., during the September 11 attacks in 2001. 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. And then we have to build in the annuity option, the guaranteed-income option, the personal-pension option into plans., This is a BETA experience. The IJCB has more than 50 sponsoring institutions. In addition, he makes $428,298 as Independent Director at Alphabet Inc. There are 1 older and 16 younger executives at Alphabet Inc. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. Tom Steyer is expected to have influence in Biden's administration. [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". Nides is likely to be placed in international affairs. 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. James Simons, Donald Sussman, Roger Altman, and Blair Effron were some of the biggest financial supporters of Biden. 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. 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. Formerly, Ferguson was Co-Chairman of the Committee for Economic Development. The most active insiders traders include L John Doerr, Brin Sergey, and Lawrence Page. Roger Ferguson Net Worth Roger Ferguson biography. Ferguson Jr., has served as President and Chief Executive Officer of TIAA (formerly TIAA-CREF), a financial services firm, since 2008. Roger Ferguson Net Worth Roger Ferguson biography. [8][9] As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. 8. You may opt-out by, With all thy getting, get understanding. The company has operations in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. Roger Ferguson Net Worth (2023) | wallmine We will update Roger W. Ferguson Jr.'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 10 Things You Didn't Know about TIAA CEO Roger Ferguson - Money Inc 5. The oldest executive at Alphabet Inc is AlanMulally, 74, who is the Independent Director. Ferguson was the only Federal Reserve Governor in Washington, D.C. during the September 11 attacks in 2001. Roger Ferguson Net Worth (2023) | wallmine It operates through two segments, Taste and Scent. 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. On June 19, 2006, Swiss Re announced his appointment as Chairman of Swiss Re America Holding Corporation and Member of Swiss Re's Executive Board. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $627,958 and over the last 12 years he sold GOOG stock worth over $0. Discover Roger W. Ferguson Jr.'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. He has some unique views on the corporate ladder, leadership, and money, as you will see as you read on. With three co-authors, in November 2007 Ferguson published "International Financial Stability", Geneva Report No. The current estimated net worth of Corning Inc /ny's Director, Roger. 2023 Celebrity Net Worth / All Rights Reserved. We have estimated The most active insiders traders include L John Doerr, Brin Sergey y Lawrence Page. [5], In April 2008, Ferguson became president and chief executive officer of the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA).