Like all CEOs, the head of the Bank reports to a board of directors — but at the World Bank, the board of directors meets twice a week. In a statement accompanying the announcement, Summers noted that “rapid adoption of technology and innovation” that was creating opportunities for companies like Lending Club. Until news came that Summers’ torch had been snuffed, I was going to write another column about Larry, the Typhoid Mary of Economics. While she is not nearly as well known as Larry Summers she still brings serious economics clout to the board. former Australian Securities and Investments Commission senior executive Michael Saadat. David Viniar. Building a company that’s wholly reimagining the way the world is measured from the ground up is even harder. The company said at its full-year results announcement  in August it had more than 6,500 merchants offering the instalment payments service in the United States and 2.1 million active customers there. Until late last year, Summers served as President Obama's chief economic advisor. With Larry on our team, we’re now one step closer. He’s been on the frontlines of countless critical events in our world’s economic history — and now has chosen to play an integral role in charting Premise’s future. Larry Summers Board of Directors @ Lending Club . Mr Summers, one of the world's best known economists and a former economic adviser to president Barack Obama, said Afterpay is "reinventing the way people shop and pay with alternatives to traditional credit that encourage responsible spending and control in how consumers pay". On Sunday afternoon, facing a revolt by his own party’s senators, Obama dumped Larry as likely replacement for Ben Bernanke as Chairman of the Federal Reserve Board. Square, the mobile payments start-up from Twitter co-founder Jack Dorsey, has added former Treasury Secretary Lawrence Summers to its board of directors. Climate Leadership Council Founding Member Lawrence Summers explains how carbon dividends work in addressing climate change. The heavy hitting new addition comes shortly after Lending Club exceeded $1 billion in total loans issued. He currently serves as President Emeritus and Charles W. Eliot Professor of Harvard University, where he’s made enormous academic contributions to the fields of macroeconomics, financial and labor economics since he first became a professor in 1983. For a number of reasons, this is a personally gratifying moment. Among the many highlights of his career: Director of the National Economic Council from 2009–2010; President of Harvard University from 2001–2006; Secretary of the Treasury from 1999 to 2001; and Chief Economist at the World Bank from 1991–1993. suggesting Afterpay's high-flying share price could halve in the next 12 months. He left […] As it gears up for an IPO, Lending Club beefs up its board After recently confirming its IPO plans, peer-to-peer lending platform Lending Club announced Thursday that it has added former U.S. Secretary of Treasury Larry Summers to its board of directors. #SpyGate ... She was the first female director to join the Twitter board of directors. Lawrence H. Summers is President Emeritus of Harvard University. Until news came that Summers’ torch had been snuffed, I was going to write another column about Larry, the Typhoid Mary of Economics. The Institute is a private, nonprofit institution for rigorous, intellectually open, and honest study and discussion of international economic policy. With continued dedication and our growing community of champions, which now includes Larry Summers, I believe we can seize it.-----Current board members: Andrew Balson (Board chair) - Managing Director, Bain Capital; Larry Summers (Board chair-elect) - Charles W. Eliot University Professor and President Emeritus, Harvard University Last month, the company declined to release an interim audit report into potential issues with anti-money laundering procedures after concerns were raised by financial intelligence agency AUSTRAC. Lawrence H. Summers on credit platform’s board of directors ... announced today that former Visa Inc. President Hans Morris has joined the company’s board of directors as a director and chair of the audit committee. He served as the 71st Secretary of the Treasury. Its strong performance on the Australian sharemarket is being driven by expectations of further US growth. It also follows prominent US professor Scott Galloway suggesting Afterpay's high-flying share price could halve in the next 12 months. Larry will be involved in everything from supervising and supporting the inception of new products to vetting their statistical capabilities and finally, helping to take these products to our global customers. Larry Summers. As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. In a year when major employers were forced to embrace more flexible working policies, the list reveals more of Australia's top 500 companies are embracing family-friendly and gender-neutral policies. AKA Lawrence Henry Summers. Summers was an MIT student at 16 and a tenured Harvard professor at 28. We have enormous ambitions to increase global economic transparency and measure the world in entirely new ways. For a number of reasons, this is a personally gratifying m o ment. Additionally, Larry was one of the first people to recognize the importance of strong connective tissue between Washington and Silicon Valley. Larry Summers’ chairmanship will be a strong voice for this important work.” Tim Geithner, former US Treasury secretary and a former member of CGD’s board, said: “Larry Summers is a terrific creative force on development issues. “I look forward to working with the leadership team to make the most of the opportunity before them,” he said in a statement. Tech::Larry Summers To Sit On Square Board Of Directors NEW YORK -- Former Treasury Secretary and former Director of the White House National Economic Council Lawrence Summers will be taking a position on the board of Square , a San Francisco-based company that offers individuals and businesses a way to accept payments on their mobile phones. Help using this website - Accessibility statement, had more than 6,500 merchants offering the instalment payments service in the United States and 2.1 million active customers, and is sitting on a pile of shares and options worth more than $100 million. R.I.P. I’m proud to announce that Larry Summers is joining our Board of Directors. Summers has also worked in international economics, economic demography, economic history and development economics. The other members of the new US advisory board are former Reebok CEO Uli Becker and Matthew Kaness, former CEO of ModCloth, a US women's fashion retailer. Dr. Summers’ Darren Walker. The announcement comes a day after the resignation of Afterpay director David Hancock - who will remain a consultant to the company and is sitting on a pile of shares and options worth more than $100 million. Larry’s decision to join the Board is a sign that what we’re doing is starting to work. Mr Summers has experience governing fintech disrupters; he's on the board of directors of Square, headed by Jack Dorsey, which helps small businesses accept credit card payments. London is about to move into the highest tier of restrictions again after a massive surge of infections just in time for Christmas. Sum… He comes from a Jewish family, his parents Robert Summers and Anita Summers were both Economics professors at the University of Pennsylvania. It is facing competition in the US market from other instalment services including Klarna, Affirm, Sezzle, Uplift and QuadPay. Women are getting more speaking roles in the High Court, but some 'worrying trends' are emerging – particularly for junior females – that could stall the push towards gender equality. By E.B. Born: 30-Nov-1954 Birthplace: New Haven, CT Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Economist Party Affiliation: Democratic Nationality: United States Executive summary: US Treasury Secretary, 1999-2001 Father: Robert Summers (economics professor) Mother: Anita A. Summers (public policy professor) During the past two decades he has served in a series of senior policy positions, including Vice President of Development Economics and Chief Economist of the World Bank, Undersecretary of the Treasury for International Affairs, Director of the National Economic Council for the Obama Administration from… Larry is one of the most decorated economists of our generation. It also. Afterpay said it hoped the move will help it to "identify key business opportunities and partnerships at a time when American consumers are increasingly turning to alternative payment methods to avoid revolving and extended debt". He serves as a special adviser at Andreessen Horowitz (an investor in Premise), on the Board of Lending Club, and has advisory roles at several other tech companies. The only way to be an effective World Bank president is to be an effective diplomat. Larry is someone whose fierce intellectual prowess I’ve admired since the spring and summer of 1998 when I was a fledgling quant analyst manning the desks during the Russian debt crisis and the subsequent Long Term Capital Management implosion. Mark Ames via AlternetIs Larry Summers taking kickbacks from the banks he’s bailing out? Follow updates here. Lawrence Henry Summers, America’s leading economist, was born on November 30, 1954, in New Haven, Connecticut. Is Larry Summers taking kickbacks from the banks he’s bailing out? Last month, a little-known company where Summers served on the board of directors received a $42 million investment from a group of investors, including three banks that Summers, Obama’s effective “economy czar,” has been doling out billions in bailout money to: Goldman Sachs, Citigroup, and Morgan Stanley. 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Summers served as Treasury secretary from 1999 to 2001 and as president of Harvard from 2001 to 2006, and director of President Obama’s National Economic Council until November, 2010. Last week, I conducted a public interview with Lawrence Summers. FORMER CFO, GOLDMAN SACHS David Viniar served as Executive Vice President and CFO of Goldman Sachs, and is currently a member of its Board of Directors. Lawrence H. Summers. He received the John Bates Clark Medal in 1993 from the American Economic Association. Building a company is hard. R.I.P. Afterpay, a rare example of an Australian-born technology player seeking to conquer the world's biggest market, has also worked with other high profile Americans to help it scale there: the Kardashian family. Lawrence H. Summers sits on the board of directors at The Peterson Institute for International Economics. Former US Treasury Secretary Larry Summers has joined Afterpay's new advisory board in the United States, where the fast-growing retailing platform has 40 per cent of its customers. Larry Summers On Sunday afternoon, facing a revolt by his own party’s senators, Obama dumped Larry as likely replacement for Ben Bernanke as Chairman of the Federal Reserve Board. Not only is it humbling that Larry is joining the Board, it’s also validating. Nick Molnar, Afterpay's co-founder and US chief executive, said the advisory board will help the company "continue to build on our business momentum and forge strong partnerships" with US retailers seeking to encourage "responsible spending, control and convenience". Summers joined LendingClub’s board in December 2012, which was during the early days of the online lending boom. Today is a big day for us, one that’s been a long time coming and yet one I never could’ve imagined when we launched Premise almost two years ago. And though the thought of Larry Summers working alongside Alyssa Milano et al sounds odd, he already serves on the board of alternative payments company Revolution Money and is a … Founder of CROWDSTRIKE, George Kurtz & Larry Summers are on the board of a Spanish Bank with a history of money laundering & heavy influence over the Vatican Bank (IOR). In retrospect, it appears that Larry Summers didn't help the Board of Directors of Square very much at all. For one thing, Summers wouldn’t actually be very good at the job, since he doesn’t have any of the required qualifications. And this is what he’ll be holding Premise — and me — accountable for. Clothing, cafes and department stores have lagged behind the retailing rebound and not all will make it through in a sector where collapses are lower than a year ago. Now comes an announcement that former Obama Chief Economic Advisor (and former Harvard president) Larry Summers is also coming on board. Mr Summer's appointment is the latest high profile hire by Afterpay, which includes former Australian Securities and Investments Commission senior executive Michael Saadat. She is the Economics of Technology Professor at Stanford Graduate School of Business. Summers will join the Board of Directors immediately and will become the Chair in early 2014. 3 Useful Projects to learn Python Classes, Aging, Output Per Capita and Secular Stagnation, Pfizer/BioNTech COVID-19 Vaccine Receives FDA’s Emergency Use Authorization, 5 things I learned when I cut my body fat in half in 6 months, Quotes from My Law Professor That I Use on Trump Supporters, We’re About to Witness the Greatest Wealth Transfer In History, I Exercised Twice a Day for 75 Days — Here’s What Happened. In 2007, she was awarded the prestigious John Bates Clark Medal for the best American Economist under the age of 40. “On behalf of the board, I am excited to welcome Larry as the new Chair of the Board and work closely with him to deepen and expand Citizen Schools’ already considerable impact on education,” said Balson. Former Treasury Secretary Lawrence H. Summers is one of America’s leading economists. In August, Afterpay announced a strategic partnership with Visa to help it acquire new merchants in the US by smoothing integration processes and reducing costs. As if the board of directors of Lending Club was not star-studded enough, the peer-to-peer lender recently announced that former Treasury Secretary Lawrence “Larry” Summers would be joining the team. "With over 30 years as a leader in academics, economics, and government. I’m proud to announce that Larry Summers is joining our Board of Directors. He is inspiring about the cause, but demanding about the means.” From the Asian financial crisis to the Great Recession, Larry has been at the center of the world’s biggest fiscal policy debates for the past 30 years. Summers' insight will be invaluable as we continue to grow the States Title solution," said Max Simkoff, CEO of States Title. He’s also someone who never backs down from tackling massive problems or engaging in hard conversations for causes he believes in deeply. Mobile payments startup Square has added some economic muscle to its board of directors with Larry Summers, the former U.S. Treasury secretary and former president of Harvard.. Summers … Former US Treasury Secretary Larry Summers has joined Afterpay's new advisory board in the United States, where the fast-growing retailing platform has 40 per cent of its customers. With continued dedication and our growing community of champions, which now includes Larry Summers, I believe we can seize it.-----Current board members: Andrew Balson (Board chair) - Managing Director, Bain Capital; Larry Summers (Board chair-elect) - Charles W. Eliot University Professor and President Emeritus, Harvard University Last year, it lured Akash Garg from Uber, where he had been director of engineering, as its US chief technology officer. declined to release an interim audit report into potential issues with anti-money laundering procedures. States Title announced the appointment of economist Lawrence H. Summers to its board of directors. He joins existing Board members Chamath Palihapitiya of The Social+Capital Partnership, Karim Faris of Google Ventures, Premise co-founder Joe Reisinger, and me. This is what Larry does best. 2. Larry Summers . His tenure included the firm’s initial public offering in December 2014 and the high-profile ouster of CEO Renaud Laplanche in May 2016.. Years ago, Henry Kissinger suggested that Larry be given a post at the White House so that he could bat down, challenge and fix terrible ideas. In 1993, he was awarded the John Bates Clark Medal, given to the most outstanding economist under 40 in the United States. Boyd 2 minute Read advertisement In 1987, he was the first social scientist to win the Alan T. Waterman Award from the National Science Foundation. In addition to serving as 71st Secretary of the Treasury in the Clinton Administration, Dr. Summers served as Director of the White House National Economic Council in the Obama Administration, as President of Harvard University, and as the Chief Economist of the World Bank. 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