Formerly, Ferguson was Co-Chairman of the Committee for Economic Development. 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. 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. Larry Page and Sergey Brin founded Google in September 1998. The most active insiders traders include L John Doerr, Brin Sergey, and Lawrence Page. Greater New York City Area. In the last 20 years, insiders at Corning Inc /ny have sold an estimated value of $923.75M Roger Ferguson Net Worth Roger Ferguson biography. Roger Ferguson has run TIAA-CREF since 2008 and has served in the administrations of both Republicans and Democrats. Mr. Ferguson has been the President and Chief Executive Officer of TIAA (formerly TIAA-CREF) since 2008. 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. This site uses Akismet to reduce spam. Roger W. Ferguson, President and CEO of Teachers Insurance and Annuity Association of America. 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. Roger Ferguson Net Worth The estimated Net Worth of Roger W. Jr. Ferguson is at least Alphabet Inc stock worth over $696,506 and over the last 12 years he sold GOOG stock worth over $0. , money, salary, income, and assets. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re . His first 2 years at Harvard included cleaning bathrooms. He is a fellow of the American Philosophical Society and a member of the Economic Club of New York, the Council on Foreign Relations, and the Group of Thirty. Submit a correction suggestion and help us fix it! 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. 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. Prior to joining TIAA, Mr. Ferguson served as the Chairman of Swiss Re . in economics magna cum laude in 1973, a J.D. On February 22, 2006, Ferguson sent his resignation letter to President George W. Bush. As the Independent Director of Gilead Sciences, the total compensation of Roger Ferguson at Gilead Sciences is 269,986. cum laude in 1979, and a Ph.D. in economics in 1981, all from Harvard University. [6], On June 29, 2016, Ferguson became a member of Board of Directors of Alphabet Inc.[1], In February 2023, he was named a member of the McKinsey & Company External Advisory Group.[7]. Roger Ferguson's position as CEO of TIAA (Teachers Insurance and Annuity Association) was earned in a rather unique way. 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. 6. Roger Ferguson is 68, he's been the Independent Director of Alphabet Inc since 2016. Ferguson earned all three of his degrees at Harvard a bachelors in Economics, a law degree, and finally a doctorate. 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. Discover Roger W. Ferguson Jr.'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Roger W. Ferguson Jr.'s net worth 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. The estimated Net Worth of Roger W. Jr. Ferguson is at least 1.05 $ dollars as of 14 June 2021. 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. The study was released July, 2015. Roger Ferguson doesnt like making excuses for personal or financial failure. 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. There are 16 executives at Gilead Sciences getting paid more, with JeffreyHarmening having the highest compensation of $15,837,600. Sign up in seconds, it's free! 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". Progressives likely wouldn't be happy with a high-powered Wall Street type in such a high ranking position in the new administration. Which Billionaires Are Funding The Democratic Candidates' Campaigns. Ferguson was Vice Chairman of the Board of Governors of the 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. There are 3 older and 14 younger executives at International Flavors & Fragrances. The current estimated net worth of Corning Inc /ny's Director, Roger. This ultimately resulted in the passage and signing into law of the Check Clearing for the 21st Century Act, which is also known as Check 21. Discover today's celebrity birthdays and explore famous people who share your birthday. 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. On this Wikipedia the language links are at the top of the page across from the article title. On average, Roger trades about 105 units every 1 days since 2011. 4. Lawrence McRae who sold 41,990 units worth 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. In addition, he makes $428,298 as Independent Director at Alphabet Inc. Wallmine is a radically better financial terminal. 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. 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. Sign up in seconds, it's free! Dr. Roger W. Ferguson Jr., Ph.D., J.D. He has some unique views on the corporate ladder, leadership, and money, as you will see as you read on. Following two previous reports, the study expands on the role of conduct and culture in the governance of the world's largest financial institutions. International Flavors & Fragrances 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. Why Do Law Enforcers Keep Stealing Forfeiture Funds? Wendell Weeks, Chairman and CEO, The citation presented with the Medal reviewed Fergusons achievements and featured reflections from Douglas Elmendorf, Drew Faust and Larry Summers. Prior to his term as vice chairman, Ferguson was appointed a member of the Federal Reserve Board of Governors in 1997. He believes in financial well-being regardless of how old you are. [11], Alan Greenspan has called Ferguson "one of the most effective Vice Chairmen in the history of the Federal Reserve. $1.44M . Mr. Ferguson has been the President and Chief Executive Officer of TIAA (formerly TIAA-CREF) since 2008. 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. Roger has served as the President and Chief Executive Officer of TIAA, a major financial services company, since April 2008. O'Leary's $400million net worth came to the Canadian businessman largely after the sale of his software company SoftKey for more than $3.5billion. The law allows the recipient of the original paper check to create a digital version of the original check, a process known as check truncation, into an electronic format called a "substitute check", thereby eliminating the need for further handling of the physical document. There are 7 executives at International Flavors & Fragrances getting paid more, with AndreasFibig having the highest compensation of $7,629,080. As of 14 June 2021 he still owns at least 6,938 units of Alphabet Inc stock. Family Friday TV faire was spent with Louis Rukeyser. 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. The final report was issued in September, 2012, under the title, "Aging and the Macroeconomy: Long-Term Implications of an Older Population". Last updated: 1 March 2023 at 11:00am EST. You can see the complete history of Roger Ferguson stock trades at the bottom of the page. Youll enjoyand benefit fromthe observations of this remarkable man. 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. We recommend you to check the complete list of Famous People born on 28 October. The company has operations in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. 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. 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. The largest trade he's ever made was buying 1,420 units of Alphabet Inc stock on 14 June 2021 worth over $59,839. 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. 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.

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