you know Seagrams had issued some 100 year bonds several years ago, as have a few other companies.
I don't think that Ferguson would succeed AG, I'm not sure who would, very possibly William McDonough,
who is the NY FOMC vice chair.
here is some background on each of them:
-----------William McDonough, President, Federal Reserve Bank of New York
Dissents at FOMC Meetings: None.
Official Federal Reserve Bio
Mr. McDonough took office July 19, 1993, as the eighth chief executive of the Second District Federal Reserve Bank, at New York. Mr. McDonough is currently serving a full term that began March 1, 1996.
Mr. McDonough was born April 21, 1934, in Chicago, Illinois. He earned a master's degree in economics from Georgetown University in Washington, D.C., in 1962, and a bachelor's degree, also in economics, from Holy Cross College in Worcester, Massachusetts, in 1956.
Prior to his present appointment, Mr. McDonough was executive vice president and head of the financial markets group of the Federal Reserve Bank of New York, which includes domestic open market and foreign exchange operations and U.S. government securities market surveillance. He joined the bank in January 1992.
In conjunction with that post, he was the manager of open market operations for the Federal Open Market Committee.
Mr. McDonough retired from First Chicago Corp. and its bank, First National Bank of Chicago, in 1989 after a 22-year career there. After leaving First Chicago, Mr. McDonough served in a variety of executive roles, including as an advisor to the World Bank and International Finance Corporation on the selection of outside auditors, special advisor to the president of the Inter-American Development Bank, and chairman of the Illinois Commission on the Future of Public Service.
At First Chicago, he was vice chairman of the board and a director of the bank holding company from 1986 until his retirement. Between 1980 and 1986, he was executive vice president and chief financial officer of the bank, and, before that, was executive vice president and head of worldwide banking, from 1973 to 1980. Prior to his career with First Chicago, Mr. McDonough was with the U.S. State Department from 1961 to 1967 and with the U.S. Navy from 1956 to 1961.
Mr. McDonough is a member of the board of directors of both the Bank for International Settlements and the New York Philharmonic Orchestra. He also is a member of the board of directors of the Council on Foreign Relations and the board of trustees of The Economic Club of New York. ------
-------Roger W. Ferguson, Jr., Governor
Term Expires: January 31, 2000
Dissents at FOMC Meetings: None.
Official Federal Reserve Bio
Roger W. Ferguson, Jr., took office on November 5, l997, as a member of the Board of Governors of the Federal Reserve System to fill an unexpired term ending January 3l, 2000.
Dr. Ferguson was born October 28, l95l, in Washington, D.C. He received a B.A. in economics (magna cum laude) in l973, a J.D. (cum laude) l979, and a Ph.D. in economics in l98l, all from Harvard University. From l973 to 1974, Dr. Ferguson was Frank Knox Fellow at Pembroke College, Cambridge University.
Before becoming a member of the Board, Dr. Ferguson was a Partner at McKinsey & Company, Inc., an international management consulting firm. He was based in New York City and he managed a variety of studies for financial institutions from l984 to l997. Dr. Ferguson also served as Director of Research and Information Systems, overseeing a staff of 400 research professionals and managing the firm's investments in knowledge management technologies.
From l98l to 1984, Dr. Ferguson was an attorney at the New York City office of Davis Polk & Wardwell, where he worked with commercial banks, investment banks, and Fortune 500 corporations on syndicated loans, public offerings, mergers and acquisitions, and new product development.
He is an elected member of the Board of Directors of the Harvard Alumni Association and formerly was Treasurer of the Friends of Education, a Trustees' Committee of The Museum of Modern Art, New York City.
Dr. Ferguson is married to Annette L. Nazareth and they have two children. ------ |
