Age, Biography and Wiki
Stephen Friedman (PFIAB) was born on 21 December, 1937 in New York City, U.S.. Discover Stephen Friedman (PFIAB)'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 86 years old?
| Popular As | N/A |
| Occupation | N/A |
| Age | 86 years old |
| Zodiac Sign | Sagittarius |
| Born | 21 December, 1937 |
| Birthday | 21 December |
| Birthplace | New York City, U.S. |
| Nationality | New York |
We recommend you to check the complete list of Famous People born on 21 December. He is a member of famous with the age 86 years old group.
Stephen Friedman (PFIAB) Height, Weight & Measurements
At 86 years old, Stephen Friedman (PFIAB) height not available right now. We will update Stephen Friedman (PFIAB)'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status | |
|---|---|
| Height | Not Available |
| Weight | Not Available |
| Body Measurements | Not Available |
| Eye Color | Not Available |
| Hair Color | Not Available |
Who Is Stephen Friedman (PFIAB)'s Wife?
His wife is Barbara Benioff
| Family | |
|---|---|
| Parents | Not Available |
| Wife | Barbara Benioff |
| Sibling | Not Available |
| Children | 3, including David |
Stephen Friedman (PFIAB) Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Stephen Friedman (PFIAB) worth at the age of 86 years old? Stephen Friedman (PFIAB)’s income source is mostly from being a successful . He is from New York. We have estimated Stephen Friedman (PFIAB)'s net worth , money, salary, income, and assets.
| Net Worth in 2023 | $1 Million - $5 Million |
| Salary in 2023 | Under Review |
| Net Worth in 2022 | Pending |
| Salary in 2022 | Under Review |
| House | Not Available |
| Cars | Not Available |
| Source of Income |
Stephen Friedman (PFIAB) Social Network
| Wikipedia | |
| Imdb |
Timeline
In 1966 Friedman joined Goldman Sachs and became a partner in 1973. From 1987 until November 1990 he was the co-chief operating officer and either co-chairman or chairman between 1990 and 1994. Friedman re-joined the board of Goldman in April 2005, and stepped down from serving on the board on May 22, 2013.
Friedman was the Chairman of the New York Federal Reserve Bank, a body which implements the Wall Street policies of the Federal Reserve, during a period of immense financial market upheaval, from January 2008 until May 7, 2009. When Goldman Sachs was converted to a bank holding company in September 2008 the bank then came under the regulatory authority of the New York Fed, which made Friedman’s position as a member of Goldman Sachs’ board a violation of Federal Reserve policy. At the time of the conversion Friedman requested a waiver from this violation, which was granted about 10 weeks later.
On May 7, 2009, Friedman resigned as Chairman of the Federal Reserve Bank of New York. In his letter of resignation Friedman explains why: ‘Last Fall, after Goldman Sachs Group, Inc. became a bank holding company, I agreed to remain on the Board, pursuant to the waiver authority of the Board of Governors of the Federal Reserve System, to provide continuity during a time of financial market instability. Today, although I have been in compliance with the rules, my public service motivated continuation on the Reserve Bank Board is being mis-characterized as improper. The Federal Reserve System has important work to do and does not need this distraction.’
Friedman was criticized for seemingly benefiting from his role as Chair of the New York Fed branch due to the federal government's aid to Goldman Sachs in recent months. He had "remain[ed] on the board of Goldman even as he was supposedly regulating [Goldman]; in order to rectify the problem, he applied for, and got, a conflict of interest waiver from the government. Friedman was also supposed to divest himself of his Goldman stock after Goldman became a bankholding company, but thanks to the waiver, he was allowed to go out and buy 52,000 additional shares in his old bank, leaving him $3 million richer," as one report put it. Friedman's resignation announcement came within an hour of the government's release of the 2009 stress tests for 19 U.S. financial institutions.
From December 2002 to December 2004 Friedman was United States Assistant to President George W. Bush for Economic Policy as well as the director of the National Economic Council. On October 27, 2005 Friedman was asked to replace Brent Scowcroft as the Chairman of the President’s Foreign Intelligence Advisory Board.
In 1998 Friedman joined Stone Point Capital LLC. He also served as Senior Advisor at Crestview Partners, LP and a Special Limited Partner and Member of the Executive Advisory Board of Insight Partners.
From 1998 to 2002, he served as a senior principal of Marsh & McLennan Capital Corp. In March 1999 President Clinton announced his intention to appoint Friedman and Crescencio S. Arcos to serve as Members of the President's Intelligence Advisory Board.
Friedman was born in New York City, to a Jewish family. He received his BA from Cornell University in 1959 and his law degree from Columbia University Law School in 1962. At Cornell he was a wrestler and a member of the Quill and Dagger society. At Columbia he was on the Law Review.
Stephen Friedman (born December 21, 1937) is the former chairman of the US President's Intelligence Advisory Board. He was nominated on October 27, 2005, to replace Brent Scowcroft in the position.
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