Word: kroszner
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Dates: during 2000-2009
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...have a much more holistic discussion about a business and why we have it," says vice president and treasurer Helen Shan. "It becomes strategic, instead of simply, Do we get insurance to cover a potential loss?" In a speech at an industry conference in October, Federal Reserve governor Randall Kroszner urged financial firms to take a similar tack. Weighing risks, as well as potential returns, he said, "should be part of the calculus for all decision-making," and "assessing potential returns without fully assessing the corresponding risks to the organization is incomplete, and potentially hazardous, strategic analysis...
...chairman of Harvard’s economics department, Ropes Professor of Political Economy Alberto F. Alesina, offered praise last night for Bernanke and Kroszner, both of whom he knows professionally. And Alesina said that he was not shocked to see so many Harvard alumni joining the Federal Reserve Board...
...Warsh and Kroszner are both confirmed by the Senate, Harvard alumni would comprise more than half of the board. The current vice chairman of the Fed, Roger W. Ferguson Jr. ’73 of Dunster House, holds four degrees from Harvard—an A.B., a J.D., an M.A., and a Ph.D. He is also a member of the Board of Overseers, Harvard’s advisory group...
...Tuesday, President Bush nominated Randall S. Kroszner, who received his Ph.D. in economics from Harvard in 1990, and Kevin M. Warsh, a 1995 Harvard Law School alumnus, to fill two vacancies on the board...
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