• Privacy & Policy
  • About Us
  • Contact Us
Saturday, January 16, 2021
All Top News
No Result
View All Result
  • Home
  • News
  • Business
  • Health
  • Lifestyle
  • Home and Garden
  • Entertainment
No Result
View All Result
  • Home
  • News
  • Business
  • Health
  • Lifestyle
  • Home and Garden
  • Entertainment
No Result
View All Result
All Top News
No Result
View All Result
Home Business

Biden Faces a Balancing Act in Choosing Top Aides With Business Ties

admin by admin
December 1, 2020
in Business
0
Biden Faces a Balancing Act in Choosing Top Aides With Business Ties
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Later in Mr. Obama’s second time period, Mr. Zients led the Nationwide Financial Council, the place he shepherded new laws to crack down on payday lending and steered the event of the so-called fiduciary rule — a requirement that monetary professionals put the pursuits of their prospects with retirement accounts forward of their very own. The Labor Division rule, which the monetary providers and insurance coverage industries strongly challenged, was struck down by a federal appeals court docket in 2018.

These efforts earned him accolades from some progressive Democrats.

“The federal government wants expertise and expertise,” stated Dennis Kelleher, the president of Higher Markets, which promotes Wall Avenue reform, and a member of Mr. Biden’s transition overview workforce for the Fed, banking and securities regulators. “People who find themselves going to attempt to regulate an trade as sophisticated as finance can’t say we’re solely going to rent individuals who know nothing about finance.”

However his position as a bridge to enterprise through the Obama administration has raised some eyebrows. Mr. Zients was one of many administration’s chief liaisons to executives and lobbyists when anger at Wall Avenue over the 2007-8 monetary disaster was nonetheless at its peak. Prime lobbyists such because the Enterprise Roundtable and the U.S. Chamber of Commerce have praised Mr. Zients as somebody who heard them out.

Describing his want to take heed to enterprise leaders, Mr. Zients informed executives at a 2014 occasion on the Financial Membership of Washington, “You’re the prospects, all of you as enterprise leaders, when it comes to rising the financial system.”

After Mr. Obama left workplace, Mr. Zients joined the personal fairness investor Vincent Mai’s Cranemere fund as chief govt. The personal holding firm has traders from United States, Europe, Latin America and the Center East and takes a long-term investing strategy within the mildew of Warren E. Buffett.

Mr. Zients, who’s on depart from Cranemere, additionally spent two years on the board of Fb and was a member of the corporate’s audit committee. He has informed those who he had concerns about the company’s direction and governance, and opted to not search re-election to the board this yr. Fb has come below hearth from Democrats for permitting the unfold of disinformation and from Republicans who accuse it of censorship.

Jeff Hauser, the director of the Revolving Door Undertaking, stated Mr. Zients’s expertise working in personal fairness and at Fb was significantly problematic and will portend hassle for progressive causes in a Biden White Home. And whereas he sees Mr. Zients’s expertise within the well being care trade as helpful for managing the pandemic response, Mr. Hauser stated he was involved that Mr. Zients could possibly be too accommodating to enterprise as vaccines are rolled out subsequent yr.



Source link

Tags: ActAidesBalancingBidenBusinesschoosingfacesTiesTop
Previous Post

Monadnock Ledger-Transcript – Business owners hopeful for strong holiday shopping season

Next Post

Grandma flips table to defend business after customer hurls hand sanitizer jugs at staff

admin

admin

Next Post
Grandma flips table to defend business after customer hurls hand sanitizer jugs at staff

Grandma flips table to defend business after customer hurls hand sanitizer jugs at staff

  • Trending
  • Comments
  • Latest
Large Fire Destroys Rochester Printing Business

Large Fire Destroys Rochester Printing Business

December 25, 2020
Dolly Parton Teams With Tabletops Unlimited For New Lifestyle Collection :

Dolly Parton Teams With Tabletops Unlimited For New Lifestyle Collection :

October 13, 2020
DC asks businesses to take down plywood used to board up

DC asks businesses to take down plywood used to board up

November 9, 2020
Cuomo’s Restrictions on Synagogues in Virus Hot Spots Can Go Forward

Cuomo’s Restrictions on Synagogues in Virus Hot Spots Can Go Forward

October 9, 2020
The latest on the coronavirus pandemic: Live updates – CNN

The latest on the coronavirus pandemic: Live updates – CNN

0
D.C. Collier: Should Prayer be ‘Optional’ in Your Life? | Homes & Lifestyle

D.C. Collier: Should Prayer be ‘Optional’ in Your Life? | Homes & Lifestyle

0
Home Entertainment: ‘Summerland’ Digital Review

Home Entertainment: ‘Summerland’ Digital Review

0
Wisconsin loosens restrictions for health care workers as COVID-19 continues to rise

Wisconsin loosens restrictions for health care workers as COVID-19 continues to rise

0
Napa County Master Gardeners: The pros of perennial vegetables | Master Gardener

Napa County Master Gardeners: The pros of perennial vegetables | Master Gardener

January 16, 2021
Ask a Master Gardener: Lavender | Home And Garden

Ask a Master Gardener: Lavender | Home And Garden

January 15, 2021
3 Bedroom Home in Napa – $4,995 | Home and Garden

3 Bedroom Home in Napa – $4,995 | Home and Garden

January 15, 2021
Gardeners’ Dirt: Plant a pollinator-friendly garden | Home And Garden

Gardeners’ Dirt: Plant a pollinator-friendly garden | Home And Garden

January 14, 2021

Recent News

Napa County Master Gardeners: The pros of perennial vegetables | Master Gardener

Napa County Master Gardeners: The pros of perennial vegetables | Master Gardener

January 16, 2021
Ask a Master Gardener: Lavender | Home And Garden

Ask a Master Gardener: Lavender | Home And Garden

January 15, 2021
3 Bedroom Home in Napa – $4,995 | Home and Garden

3 Bedroom Home in Napa – $4,995 | Home and Garden

January 15, 2021
Gardeners’ Dirt: Plant a pollinator-friendly garden | Home And Garden

Gardeners’ Dirt: Plant a pollinator-friendly garden | Home And Garden

January 14, 2021

Follow Us

Recent Posts

  • Napa County Master Gardeners: The pros of perennial vegetables | Master Gardener
  • Ask a Master Gardener: Lavender | Home And Garden
  • 3 Bedroom Home in Napa – $4,995 | Home and Garden
  • Gardeners’ Dirt: Plant a pollinator-friendly garden | Home And Garden
  • Fortuna Community Garden to have a new home – Times-Standard

Categories

  • Business
  • Entertainment
  • Health
  • Home and Garden
  • Lifestyle
  • News

Contact Us

  • Privacy & Policy
  • About Us
  • Contact Us

© 2020 AllTopNews

No Result
View All Result
  • Home
  • News
  • Business
  • Health
  • Lifestyle
  • Home and Garden
  • Entertainment

© 2020 AllTopNews