Geithner Takes Top Post at Warburg in Shift to Buyouts From Bailouts

Paul Dykewicz

[Wall St. Sign]

Geithner Takes Top Post at Warburg in Shift to Buyouts From Bailouts (Bloomberg)

Former Treasury Secretary Timothy Geithner, 52, will be able to tap his vast professional network when he becomes president at the buyout firm Warburg Pincus LLC, starting March 1. He will help manage the company, invest its funds and communicate with investors, New York-based Warburg Pincus announced. Geithner is the latest one-time government official to transition into the private equity industry — following the lead of retired Army Gen. David Petraeus and former Treasury Secretary John Snow. Top executives in private equity typically receive higher pay than in government as their new employers seek to draw on their relationships and experience to find new business. Geithner’s post-Treasury options may have been limited by his role as the most senior economic official from the Obama administration team that grappled with the worst financial crisis since the Great Depression. His past roles at the Treasury Department and New York Federal Reserve linked him with the bailout of companies that include Citigroup (C) Inc., General Motors Co. and American International Group Inc. To avoid at least the potential appearance of a conflict of interest in certain industries, Geithner reportedly viewed the business of private equity, where managers invest client money rather than the company’s own assets, as different from the world of banking.

Exclusive  Be Afraid. Be Very Afraid. Biden’s #1 Threat to Your Wealth and Liberty
share on:

Like This Article?
Now Get a FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor