324:
405:
380:, a body which implements the Wall Street policies of the Federal Reserve, during a period of immense financial market upheaval, from January 2008 until May 7, 2009. When Goldman Sachs was converted to a bank holding company in September 2008 the bank then came under the regulatory authority of the New York Fed, which made Friedman’s position as a member of Goldman Sachs’ board a violation of Federal Reserve policy. At the time of the conversion Friedman requested a waiver from this violation, which was granted about 10 weeks later.
384:
Governors of the
Federal Reserve System, to provide continuity during a time of financial market instability. Today, although I have been in compliance with the rules, my public service motivated continuation on the Reserve Bank Board is being mis-characterized as improper. The Federal Reserve System has important work to do and does not need this distraction.’
387:
Friedman was criticized for seemingly benefiting from his role as Chair of the New York Fed branch due to the federal government's aid to
Goldman Sachs in recent months. He had "remain on the board of Goldman even as he was supposedly regulating ; in order to rectify the problem, he applied for, and
342:
In 1966 Friedman joined
Goldman Sachs and became a partner in 1973. From 1987 until November 1990 he was the co-chief operating officer and either co-chairman or chairman between 1990 and 1994. Friedman re-joined the board of Goldman in April 2005, and stepped down from serving on the board on May
383:
On May 7, 2009, Friedman resigned as
Chairman of the Federal Reserve Bank of New York. In his letter of resignation Friedman explains why: ‘Last Fall, after Goldman Sachs Group, Inc. became a bank holding company, I agreed to remain on the Board, pursuant to the waiver authority of the Board of
388:
got, a conflict of interest waiver from the government. Friedman was also supposed to divest himself of his
Goldman stock after Goldman became a bankholding company, but thanks to the waiver, he was allowed to go out and buy 52,000
717:
Mr. Stephen
Friedman serves as a Senior Advisor at Crestview Partners, L.P. He also serves as a Special Limited Partner and Member of Executive Advisory Board of Insight Venture Partners. Mr. Friedman joined Stone Point Capital LLC in
1098:
The $ 3.5 million facility is named for two
Cornell alumni who made the lead gift toward the building, Stephen Friedman, who was appointed to the Bush administration in December, and his wife, Barbara Benioff
692:
He joined
Goldman's board in April 2005./A onetime leader of Goldman who worked at the firm for nearly 30 years, Mr. Friedman is stepping down on May 22, the day before Goldman's annual shareholder meeting.
704:
346:
In 1998 Friedman joined Stone Point
Capital LLC. He also served as Senior Advisor at Crestview Partners, LP and a Special Limited Partner and Member of the Executive Advisory Board of
415:
Friedman is involved in several public service activities, including
Chairman Emeritus of the Board of Columbia University, Chairman Emeritus of the Executive Committee of the
392:
shares in his old bank, leaving him $ 3 million richer," as one report put it. Friedman's resignation announcement came within an hour of the government's release of the
792:
President Clinton announced March 24 his intent to appoint Cresencio S. Arcos and Stephen Friedman to serve as Members of the President's Foreign Intelligence Advisory Board.
1309:
276:
1299:
423:. He is also a benefactor of his alma mater Cornell University, particularly its wrestling program as the college's wrestling building is known as the Friedman Center.
323:
985:
1344:
393:
817:
From December 2002 to December 2004, he served as assistant to President George W. Bush for Economic Policy and director of the National Economic Council.
1289:
1284:
1229:
364:
From December 2002 to December 2004 Friedman was United States Assistant to President George W. Bush for Economic Policy as well as the director of the
358:
54:
42:
1196:
365:
115:
1339:
949:
913:
852:
747:
357:
Capital Corp. In March 1999 President Clinton announced his intention to appoint Friedman and Crescencio S. Arcos to serve as Members of the
368:. On October 27, 2005 Friedman was asked to replace Brent Scowcroft as the Chairman of the President’s Foreign Intelligence Advisory Board.
1329:
1294:
1314:
1324:
1319:
1304:
778:
1083:"Cornell to open nation's first dedicated wrestling center, named for alumni Stephen Friedman and trustee Barbara Benioff Friedman"
565:"Cornell to open nation's first dedicated wrestling center, named for alumni Stephen Friedman and trustee Barbara Benioff Friedman"
280:
202:
1082:
564:
662:
He was vice chairman and co-chief operating officer from 1987 to November 1990, and co-chairman or chairman from 1990 to 1994.
328:
304:
993:
354:
675:
1259:
884:
420:
404:
470:
1053:
377:
1334:
956:
924:
597:
416:
859:
1279:
1221:
804:
649:
551:& Company where he served as co-chairman (1990-1992) and chairman and senior partner (1992-1994.)
512:
490:
432:
308:
91:
739:
1188:
253:
148:
409:
296:
242:
734:
The Threat on the Horizon: An Inside Account of America's Search for Security After the Cold War
901:
The New York Fed asked for a waiver, which, after about two and a half months, the Fed granted.
743:
1206:
732:
347:
247:
160:
41:
610:
445:
443:. Benioff, who goes by his mother's maiden name, is a writer, screenwriter and adaptor of
284:
431:
Stephen Friedman is married to Barbara Benioff, chairwoman of the board of governors of
17:
1239:
914:"Resignation Letter of Stephen Friedman, Chair of the Federal Reserve Bank of New York"
475:
335:
331:
275:(born December 21, 1937) is an American economist. He is a former chairman of the U.S.
136:
75:
1015:
624:
534:
471:"Man in the News; Economic Adviser From Other Side of the Deficit -- Stephen Friedman"
1273:
1163:
1040:] to his alma mater and is Chairman Emeritus of the Board of Columbia University.
548:
440:
439:
in Manhattan, and have three children: two daughters, Susan and Caroline, and a son,
221:
191:
773:
1155:
436:
300:
258:
79:
831:"Stephen Friedman Named to Chair President's Foreign Intelligence Advisory Board"
1249:
1173:
981:
450:
295:
Friedman was born in New York City, to a Jewish family. He received his BA from
231:
107:
103:
312:
830:
1111:
311:
and a member of the Quill and Dagger society. At Columbia he was on the
853:"Directors of the Federal Reserve Bank of New York: 2008 Annual Report"
1135:
580:
Stephen Friedman is a former Cornell wrestling star and 1959 graduate.
1139:
547:
Mr. Friedman, a 1962 graduate of the law school, spent 28 years with
923:. The Federal Reserve Bank of New York. May 7, 2009. Archived from
403:
322:
774:"TEXT: CLINTON NAMES ARCOS & FRIEDMAN TO INTELLIGENCE BOARD"
1069:
Friedman is also a trustee of The Council on Foreign Relations.
1036:
1030:
858:. New York Federal Reserve. 2009. p. 83. Archived from
637:
Columbia University Law School, LL.B., 1962 (Law Review)
353:
From 1998 to 2002, he served as a senior principal of
1054:"The man behind Buffett's new man: Stephen Friedman"
394:
2009 stress tests for 19 U.S. financial institutions
283:. He was nominated on October 27, 2005, to replace
238:
227:
216:
208:
198:
175:
170:
154:
142:
132:
113:
97:
85:
71:
52:
32:
731:
515:. Federal Reserve Bank of New York. January 2008
493:. Federal Reserve Bank of New York. January 2008
676:"Stephen Friedman to Retire From Goldman Board"
885:"Friedman Resigns as Chairman of New York Fed"
592:"Cornell Alumni News" (LX (18)). 15 June 1958.
128:December 12, 2002 – January 10, 2005
67:December 20, 2005 – October 28, 2009
27:American businessman and politician (b. 1937)
8:
1144:
40:
29:
1310:Chief Executive Officers of Goldman Sachs
372:Chairman of New York Federal Reserve Bank
1300:American people of German-Jewish descent
1230:President's Intelligence Advisory Board
950:"Letter of Resignation to Ben Bernanke"
469:McGeehan, Patrick (December 13, 2002).
461:
359:President's Intelligence Advisory Board
277:President's Intelligence Advisory Board
55:President's Intelligence Advisory Board
761:Marsh & Mclennan stephen friedman.
606:
595:
1162:Chair and Chief Executive Officer of
730:Johnson, Loch K. (January 12, 2011).
705:"Executive Profile: Stephen Friedman"
7:
1081:Friedlander, Blaine (Jan 20, 2003).
1028:Mr. Friedman has maintaned [
563:Friedlander, Blaine (Jan 20, 2003).
1345:United States presidential advisors
1052:McDonald, Duff (October 28, 2010).
1034:] a strong commitment [
1016:"Keynote Speaker: Stephen Friedman"
986:"The Great American Bubble Machine"
829:Clemons, Steve (October 27, 2005).
738:. Oxford University Press. p.
625:"Keynote Speaker: Stephen Friedman"
535:"Keynote Speaker: Stephen Friedman"
807:. Federal Reserve Bank of New York
652:. Federal Reserve Bank of New York
25:
1290:American financial businesspeople
1285:American chief operating officers
955:. Personal Letter. Archived from
948:Friedman, Stephen (May 7, 2009).
779:Federation of American Scientists
376:Friedman was the Chairman of the
674:ALDEN, WILLIAM (April 4, 2013).
281:Federal Reserve Bank of New York
1340:Politicians from New York City
449:. David is married to actress
305:Columbia University Law School
1:
891:. New York Times. May 7, 2009
408:Friedman Wrestling Center at
378:New York Federal Reserve Bank
307:in 1962. At Cornell he was a
1260:Intelligence Oversight Board
421:Council on Foreign Relations
1330:Federal Reserve Bank people
1295:American investment bankers
992:. p. 6. Archived from
1361:
1315:Columbia Law School alumni
1114:. Gawker. February 3, 2008
1325:Cornell Big Red wrestlers
1320:Cornell University alumni
1305:Chairmen of Goldman Sachs
1256:
1246:
1236:
1226:
1218:
1213:
1203:
1197:National Economic Council
1193:
1185:
1180:
1170:
1160:
1152:
1147:
707:. Bloomberg Business Week
366:National Economic Council
266:
166:
121:
116:National Economic Council
60:
48:
39:
291:Early life and education
279:and former chair of the
18:Stephen Friedman (PFIAB)
192:New York City, New York
605:Cite journal requires
419:, and a member of the
412:
339:
327:Friedman (right) with
1018:. Columbia Law School
627:. Columbia Law School
537:. Columbia Law School
435:. The couple live on
417:Brookings Institution
407:
326:
962:on November 26, 2010
930:on November 26, 2010
433:Hebrew Union College
355:Marsh & McLennan
114:5th Director of the
1214:Government offices
1148:Business positions
921:The Federal Reserve
254:Columbia University
1181:Political offices
1112:"Stephen Friedman"
865:on 16 January 2013
805:"Stephen Friedman"
650:"Stephen Friedman"
513:"Stephen Friedman"
491:"Stephen Friedman"
413:
410:Cornell University
340:
297:Cornell University
243:Cornell University
1268:
1267:
1247:Succeeded by
1237:Succeeded by
1204:Succeeded by
1171:Succeeded by
1087:Cornell Chronicle
984:(July 13, 2009).
833:. Washington Note
749:978-0-19-979243-6
569:Cornell Chronicle
287:in the position.
270:
269:
234:(daughter-in-law)
186:December 21, 1937
16:(Redirected from
1352:
1219:Preceded by
1195:Director of the
1186:Preceded by
1153:Preceded by
1145:
1124:
1123:
1121:
1119:
1108:
1102:
1101:
1095:
1093:
1078:
1072:
1071:
1066:
1064:
1049:
1043:
1042:
1025:
1023:
1012:
1006:
1005:
1003:
1001:
996:on April 6, 2010
978:
972:
971:
969:
967:
961:
954:
945:
939:
938:
936:
935:
929:
918:
910:
904:
903:
898:
896:
881:
875:
874:
872:
870:
864:
857:
849:
843:
842:
840:
838:
826:
820:
819:
814:
812:
801:
795:
794:
789:
787:
782:. March 24, 1999
770:
764:
763:
758:
756:
737:
727:
721:
720:
714:
712:
701:
695:
694:
689:
687:
682:. New York Times
671:
665:
664:
659:
657:
646:
640:
639:
634:
632:
621:
615:
614:
608:
603:
601:
593:
589:
583:
582:
577:
575:
560:
554:
553:
544:
542:
531:
525:
524:
522:
520:
509:
503:
502:
500:
498:
487:
481:
480:
466:
348:Insight Partners
299:in 1959 and his
273:Stephen Friedman
262:
251:
189:
185:
183:
171:Personal details
157:
145:
126:
100:
88:
65:
44:
34:Stephen Friedman
30:
21:
1360:
1359:
1355:
1354:
1353:
1351:
1350:
1349:
1270:
1269:
1263:
1252:
1242:
1233:
1224:
1209:
1200:
1191:
1176:
1167:
1158:
1132:
1127:
1117:
1115:
1110:
1109:
1105:
1091:
1089:
1080:
1079:
1075:
1062:
1060:
1051:
1050:
1046:
1021:
1019:
1014:
1013:
1009:
999:
997:
980:
979:
975:
965:
963:
959:
952:
947:
946:
942:
933:
931:
927:
916:
912:
911:
907:
894:
892:
883:
882:
878:
868:
866:
862:
855:
851:
850:
846:
836:
834:
828:
827:
823:
810:
808:
803:
802:
798:
785:
783:
772:
771:
767:
754:
752:
750:
729:
728:
724:
710:
708:
703:
702:
698:
685:
683:
673:
672:
668:
655:
653:
648:
647:
643:
630:
628:
623:
622:
618:
604:
594:
591:
590:
586:
573:
571:
562:
561:
557:
540:
538:
533:
532:
528:
518:
516:
511:
510:
506:
496:
494:
489:
488:
484:
468:
467:
463:
459:
446:Game of Thrones
429:
402:
374:
321:
293:
285:Brent Scowcroft
256:
252:
245:
212:Barbara Benioff
199:Political party
190:
187:
181:
179:
155:
143:
127:
122:
106:
98:
86:
78:
66:
61:
35:
28:
23:
22:
15:
12:
11:
5:
1358:
1356:
1348:
1347:
1342:
1337:
1332:
1327:
1322:
1317:
1312:
1307:
1302:
1297:
1292:
1287:
1282:
1272:
1271:
1266:
1265:
1254:
1253:
1248:
1244:
1243:
1238:
1235:
1225:
1220:
1216:
1215:
1211:
1210:
1205:
1202:
1192:
1187:
1183:
1182:
1178:
1177:
1172:
1169:
1159:
1154:
1150:
1149:
1143:
1142:
1131:
1130:External links
1128:
1126:
1125:
1103:
1073:
1044:
1007:
973:
940:
905:
876:
844:
821:
796:
765:
748:
722:
696:
666:
641:
616:
607:|journal=
584:
555:
526:
504:
482:
476:New York Times
460:
458:
455:
428:
425:
401:
400:Public service
398:
373:
370:
336:Alan Greenspan
332:George W. Bush
320:
317:
292:
289:
268:
267:
264:
263:
240:
236:
235:
229:
225:
224:
218:
214:
213:
210:
206:
205:
200:
196:
195:
177:
173:
172:
168:
167:
164:
163:
158:
152:
151:
146:
140:
139:
137:George W. Bush
134:
130:
129:
119:
118:
111:
110:
101:
95:
94:
89:
83:
82:
76:George W. Bush
73:
69:
68:
58:
57:
50:
49:
46:
45:
37:
36:
33:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1357:
1346:
1343:
1341:
1338:
1336:
1335:Living people
1333:
1331:
1328:
1326:
1323:
1321:
1318:
1316:
1313:
1311:
1308:
1306:
1303:
1301:
1298:
1296:
1293:
1291:
1288:
1286:
1283:
1281:
1278:
1277:
1275:
1262:
1261:
1258:Chair of the
1255:
1251:
1245:
1241:
1232:
1231:
1228:Chair of the
1223:
1217:
1212:
1208:
1199:
1198:
1190:
1189:Larry Lindsey
1184:
1179:
1175:
1166:
1165:
1164:Goldman Sachs
1157:
1151:
1146:
1141:
1137:
1134:
1133:
1129:
1118:September 10,
1113:
1107:
1104:
1100:
1088:
1084:
1077:
1074:
1070:
1059:
1055:
1048:
1045:
1041:
1039:
1038:
1033:
1032:
1017:
1011:
1008:
995:
991:
990:Rolling Stone
987:
983:
977:
974:
958:
951:
944:
941:
926:
922:
915:
909:
906:
902:
890:
886:
880:
877:
861:
854:
848:
845:
832:
825:
822:
818:
806:
800:
797:
793:
781:
780:
775:
769:
766:
762:
751:
745:
741:
736:
735:
726:
723:
719:
706:
700:
697:
693:
681:
677:
670:
667:
663:
651:
645:
642:
638:
626:
620:
617:
612:
599:
588:
585:
581:
570:
566:
559:
556:
552:
550:
549:Goldman Sachs
536:
530:
527:
514:
508:
505:
492:
486:
483:
478:
477:
472:
465:
462:
456:
454:
452:
448:
447:
442:
441:David Benioff
438:
434:
427:Personal life
426:
424:
422:
418:
411:
406:
399:
397:
395:
391:
385:
381:
379:
371:
369:
367:
362:
360:
356:
351:
349:
344:
337:
333:
330:
325:
318:
316:
314:
310:
306:
302:
298:
290:
288:
286:
282:
278:
274:
265:
260:
255:
249:
244:
241:
237:
233:
230:
226:
223:
220:3, including
219:
215:
211:
207:
204:
201:
197:
193:
188:(age 86)
178:
174:
169:
165:
162:
159:
153:
150:
149:Larry Lindsey
147:
141:
138:
135:
131:
125:
120:
117:
112:
109:
105:
102:
96:
93:
90:
84:
81:
77:
74:
70:
64:
59:
56:
53:Chair of the
51:
47:
43:
38:
31:
19:
1257:
1227:
1194:
1161:
1156:Robert Rubin
1116:. Retrieved
1106:
1097:
1092:10 September
1090:. Retrieved
1086:
1076:
1068:
1063:10 September
1061:. Retrieved
1057:
1047:
1035:
1029:
1027:
1022:10 September
1020:. Retrieved
1010:
998:. Retrieved
994:the original
989:
976:
966:10 September
964:. Retrieved
957:the original
943:
932:. Retrieved
925:the original
920:
908:
900:
895:10 September
893:. Retrieved
888:
879:
869:10 September
867:. Retrieved
860:the original
847:
837:10 September
835:. Retrieved
824:
816:
811:10 September
809:. Retrieved
799:
791:
786:10 September
784:. Retrieved
777:
768:
760:
755:10 September
753:. Retrieved
733:
725:
716:
711:10 September
709:. Retrieved
699:
691:
686:10 September
684:. Retrieved
679:
669:
661:
656:10 September
654:. Retrieved
644:
636:
631:10 September
629:. Retrieved
619:
598:cite journal
587:
579:
574:10 September
572:. Retrieved
568:
558:
546:
541:10 September
539:. Retrieved
529:
519:10 September
517:. Retrieved
507:
497:10 September
495:. Retrieved
485:
474:
464:
444:
437:Fifth Avenue
430:
414:
389:
386:
382:
375:
363:
352:
345:
341:
303:degree from
301:Juris Doctor
294:
272:
271:
156:Succeeded by
123:
99:Succeeded by
80:Barack Obama
62:
1280:1937 births
1250:Chuck Hagel
1240:David Boren
1222:Jim Langdon
1174:Jon Corzine
1136:Appearances
982:Matt Taibbi
451:Amanda Peet
232:Amanda Peet
144:Preceded by
108:David Boren
104:Chuck Hagel
92:Jim Langdon
87:Preceded by
1274:Categories
1264:2005–2009
1234:2005–2009
1207:Al Hubbard
1201:2002–2005
1168:1992–1994
934:2009-05-07
457:References
390:additional
343:22, 2013.
313:Law Review
203:Republican
182:1937-12-21
161:Al Hubbard
1099:Friedman.
329:President
239:Education
228:Relatives
133:President
124:In office
72:President
63:In office
309:wrestler
217:Children
1058:Fortune
889:DealB%k
680:DealB%k
338:in 2004
1140:C-SPAN
1000:Sep 9,
746:
319:Career
209:Spouse
194:, U.S.
960:(PDF)
953:(PDF)
928:(PDF)
917:(PDF)
863:(PDF)
856:(PDF)
718:1998.
222:David
1120:2014
1094:2014
1065:2014
1024:2014
1002:2012
968:2014
897:2014
871:2014
839:2014
813:2014
788:2014
757:2014
744:ISBN
713:2014
688:2014
658:2014
633:2014
611:help
576:2014
543:2014
521:2014
499:2014
334:and
176:Born
1138:on
1037:sic
1031:sic
1276::
1096:.
1085:.
1067:.
1056:.
1026:.
988:.
919:.
899:.
887:.
815:.
790:.
776:.
759:.
742:.
740:40
715:.
690:.
678:.
660:.
635:.
602::
600:}}
596:{{
578:.
567:.
545:.
473:.
453:.
396:.
361:.
350:.
315:.
259:JD
248:BA
184:)
1122:.
1004:.
970:.
937:.
873:.
841:.
613:)
609:(
523:.
501:.
479:.
261:)
257:(
250:)
246:(
180:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
