Expert-to-Expert Interview: Richard Schmalensee & John Reed

Richard L. Schmalensee of the Massachusetts Institute of Technology speaks with John S. Reed, the former Chairman of the New York Stock Exchange and the former CEO and Chairman of Citigroup, about the causes of the financial crisis, how some of it could have been averted, and what he believes are key elements to regulatory reform.

John was the Chairman and CEO of Citicorp, Citibank, and post-merger Citigroup from 1984 to 2000. He also served as the CEO of the New York Stock Exchange, where he set up new governance rules as the NYSE became a public corporation. He is currently a member of the MIT Corporation, the Institute's governing body, and is on the board of directors at Altria Group.

Dick served as Dean of MIT’s Sloan School of Management from 1998 to 2007.Previously, he was a member of the U.S. President’s Council of Economic Advisers from 1989 to 1991, where he had primary responsibility for domestic and regulatory policy. In addition, Dick has served as a consultant to private firms and government agencies, including the Bureau of Economics of the U.S. Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice on the 1992 Merger Guidelines. He currently serves as a member of the President’s Council on Energy and is on the boards of International Data Group (IDG) and the International Stock Exchange.

Click to listen to the podcast of Dick & John

 

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Posted : Friday 20 March 2009 | FinReg21 Editor

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