Timothy Geithner, former Treasury Secretary “has recently held a series of meetings with BlackRock, Inc. (NYSE:BLK) chief executive Laurence Fink” reports FOX Business Network (FBN) Senior Correspondent Charlie Gasparino. Gasparino went on to report that while “no specific” job offer had been made, “Fink and Geithner discussed possible future employment” with the firm.
On whether BlackRock CEO Larry Fink is interested in hiring Former Treasury Secretary Timothy Geithner:
Odey Asset Management's Special Situations Fund was down 3.2% in March, compared to its benchmark, the MSCI World USD Index, which was up 3.3%. Through the end of March, the fund is up 8.7%, beating the benchmark's return of 4.9%. Q1 2021 hedge fund letters, conferences and more Odey's Special Situations Fund deploys arbitrage and Read More
“The former Treasury Secretary, who stepped down in January, and sealed a book deal with Random House earlier this month, has been fielding calls from at least one major financial firm about a possible future job, the Fox Business Network has learned. Geithner has recently held a series of meetings with Blackrock chief executive Laurence Fink, according to three people with direct knowledge of the matter. Although no specific job at the big money management firm has been discussed, Fink and Geithner discussed possible future employment, these people say.”
On whether Larry Fink thinks Timothy Geithner could be a valuable addition to BlackRock:
“Fink, the same people say, is making an early pitch for Geithner to join BlackRock even if the recent conversations between the two men didn’t result in a formal job offer, or according to one person, a discussion of any specific role Geithner might play at BlackRock. That said, Geithner could be a valuable addition at the world’s largest money management firm. BlackRock has feasted off of government contracts, including managing the toxic assets assumed by the Federal Reserve following the banking crisis. Geithner could be a valuable ambassador in dealing with the Obama Administration and the Federal Reserve, given his experience as president of the New York Fed, the chief regulator of the U.S. financial system.”