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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. 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. Larry Summers. 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. 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. In 1987, he was the first social scientist to win the Alan T. Waterman Award from the National Science Foundation. Darren Walker. Until news came that Summers’ torch had been snuffed, I was going to write another column about Larry, the Typhoid Mary of Economics. I’m proud to announce that Larry Summers is joining our Board of Directors. For a number of reasons, this is a personally gratifying m o ment. 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. In a statement accompanying the announcement, Summers noted that “rapid adoption of technology and innovation” that was creating opportunities for companies like Lending Club. 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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. 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". 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. 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. For one thing, Summers wouldn’t actually be very good at the job, since he doesn’t have any of the required qualifications. He is inspiring about the cause, but demanding about the means.” Follow updates here. Not only is it humbling that Larry is joining the Board, it’s also validating. Summers will join the Board of Directors immediately and will become the Chair in early 2014. 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. 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… Summers has also worked in international economics, economic demography, economic history and development economics. 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 #SpyGate ... She was the first female director to join the Twitter board of directors. Larry Summers is “skeptical” about general loan cancellation being discussed amid President-elect Joe Biden’s transition to office, arguing that debt forgiveness would benefit the rich and not the poor. Lawrence H. Summers is President Emeritus of Harvard University. I’m proud to announce that Larry Summers is joining our Board of Directors. Summers was an MIT student at 16 and a tenured Harvard professor at 28. 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. The Institute is a private, nonprofit institution for rigorous, intellectually open, and honest study and discussion of international economic policy. It is facing competition in the US market from other instalment services including Klarna, Affirm, Sezzle, Uplift and QuadPay. “I look forward to working with the leadership team to make the most of the opportunity before them,” he said in a statement. Until late last year, Summers served as President Obama's chief economic advisor. The heavy hitting new addition comes shortly after Lending Club exceeded $1 billion in total loans issued. Larry’s decision to join the Board is a sign that what we’re doing is starting to work. Lawrence H. Summers. Dr. Summers’ 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. In retrospect, it appears that Larry Summers didn't help the Board of Directors of Square very much at all. 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. In 2007, she was awarded the prestigious John Bates Clark Medal for the best American Economist under the age of 40. 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. 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 … For a number of reasons, this is a personally gratifying moment. 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. suggesting Afterpay's high-flying share price could halve in the next 12 months. Is Larry Summers taking kickbacks from the banks he’s bailing out? 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. He’s also someone who never backs down from tackling massive problems or engaging in hard conversations for causes he believes in deeply. 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. Now comes an announcement that former Obama Chief Economic Advisor (and former Harvard president) Larry Summers is also coming on board. 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. Lawrence H. Summers sits on the board of directors at The Peterson Institute for International Economics. "With over 30 years as a leader in academics, economics, and government. 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 … The only way to be an effective World Bank president is to be an effective diplomat. 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. Larry Summers . Larry Summers Board of Directors @ Lending Club . Boyd 2 minute Read advertisement Mr Summer's appointment is the latest high profile hire by Afterpay, which includes former Australian Securities and Investments Commission senior executive Michael Saadat. 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. 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. 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) She is the Economics of Technology Professor at Stanford Graduate School of Business. While she is not nearly as well known as Larry Summers she still brings serious economics clout to the board. Former Treasury Secretary Lawrence H. Summers is one of America’s leading economists. 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. Summers joined LendingClub’s board in December 2012, which was during the early days of the online lending boom. Climate Leadership Council Founding Member Lawrence Summers explains how carbon dividends work in addressing climate change. Sum… 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. 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". This is what Larry does best. We have enormous ambitions to increase global economic transparency and measure the world in entirely new ways. 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 He comes from a Jewish family, his parents Robert Summers and Anita Summers were both Economics professors at the University of Pennsylvania. 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. With Larry on our team, we’re now one step closer. Building a company that’s wholly reimagining the way the world is measured from the ground up is even harder. 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. 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. AKA Lawrence Henry Summers. R.I.P. former Australian Securities and Investments Commission senior executive Michael Saadat. Larry is one of the most decorated economists of our generation. R.I.P. David Viniar. Additionally, Larry was one of the first people to recognize the importance of strong connective tissue between Washington and Silicon Valley. He joins existing Board members Chamath Palihapitiya of The Social+Capital Partnership, Karim Faris of Google Ventures, Premise co-founder Joe Reisinger, and me. 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. 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. 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. London is about to move into the highest tier of restrictions again after a massive surge of infections just in time for Christmas. Larry Summers is the Charles W. Eliot University Professor and President Emeritus of Harvard University. It also follows prominent US professor Scott Galloway suggesting Afterpay's high-flying share price could halve in the next 12 months. Square, the mobile payments start-up from Twitter co-founder Jack Dorsey, has added former Treasury Secretary Lawrence Summers to its board of directors. As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. Emeritus of Harvard University comes shortly after lending Club exceeded $ 1 billion in total loans.! N'T help the Board, it appears that Larry Summers taking kickbacks from the up! 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