Tim Geithner Going to BlackRock (BLK)?
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Overall Analyst Rating:
BUY (
Down)Dividend Yield: 2.7%
Revenue Growth %: +11.6%
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Former Treasury Secretary Tim Geithner may be headed to BlackRock (NYSE: BLK), according to reports from FOX Business Network's Charlie Gasparino.
"Geithner has recently held a series of meetings with Blackrock chief executive Laurence Fink, according to three people with direct knowledge of the matter," Gasparino reported. "Although no specific job at the big money management firm has been discussed, Fink and Geithner discussed possible future employment, these people say."
Commenting on whether Larry Fink thinks Timothy Geithner could be a valuable addition to BlackRock, it was reported that Geithner could be a valuable ambassador in dealing with the Obama Administration and the Federal Reserve.
"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," he said. "That said, Geithner could be a valuable addition at the world's largest money management firm. BlackRock has feasted off of government contracts, including managing the toxic assets assumed by the Federal Reserve following the banking crisis. Geithner could be a valuable ambassador in dealing with the Obama Administration and the Federal Reserve, given his experience as president of the New York Fed, the chief regulator of the U.S. financial system."
"Geithner has recently held a series of meetings with Blackrock chief executive Laurence Fink, according to three people with direct knowledge of the matter," Gasparino reported. "Although no specific job at the big money management firm has been discussed, Fink and Geithner discussed possible future employment, these people say."
Commenting on whether Larry Fink thinks Timothy Geithner could be a valuable addition to BlackRock, it was reported that Geithner could be a valuable ambassador in dealing with the Obama Administration and the Federal Reserve.
"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," he said. "That said, Geithner could be a valuable addition at the world's largest money management firm. BlackRock has feasted off of government contracts, including managing the toxic assets assumed by the Federal Reserve following the banking crisis. Geithner could be a valuable ambassador in dealing with the Obama Administration and the Federal Reserve, given his experience as president of the New York Fed, the chief regulator of the U.S. financial system."
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