MutualFundWire.com: Will BlackRock Be Geithner's Next Employer?

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Tuesday, July 9, 2013

Will BlackRock Be Geithner's Next Employer?

Former Treasury Secretary Timothy Geithner, has had a series of meetings with BlackRock's [profile] CEO Larry Fink, Fox Business' Charlie Gasparino reported after interviewing people familiar with the matter. Geitner would be valuable as a sort of government liaison for BlackRock as it is affiliated with many government contracts, Gasparino wrote.

Rumors once swirled around Geithner becoming the next Fed Chairman, but a new book deal and his plans to stay as a distinguished fellow on Foreign Relations for the next year may have put those murmurs to rest. Now the attention is focused on Citigroup or BlackRock as potential employers.

Details around the meetings with BlackRock range from hazy at best to promising:

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…Larry has made no secret how much he thinks of Tim," said one person who knows both men, who described the talks as "wide-ranging discussions" about Geithner's future in a possible private sector job, including at BlackRock.