Larry Summers Being Considered For World Bank Chief

01/18/2012 • Jillian Berman, Huffington post

President Barack Obama is considering naming Larry Summers, his former top economic advisor, as head of the World Bank, Bloomberg reports, citing "two people familiar with the matter." Summers, a former U.S. Treasury Secretary, Harvard President and World Bank chief economist, has expressed interest in the job, according to Bloomberg. He has the backing of current Treasury Secretary Timothy Geithner and Obama's current top economic advisor Gene Sperling. Still, the administration is considering other candidates, including Secretary of State Hilary Clinton, to head the World Bank when the term of the current chief, Robert Zoellick, expires later this year, according to Bloomberg. Summers has held a variety of positions both at elite levels of government and in other institutions, and at every move has seemed to engender controversy. Summers resigned as president of Harvard in 2006 after he battled with some faculty members was derided for comments he made in 2005, saying that wo

3 Comments in Response to Larry Summers Being Considered For World Bank Chief

Comment by Hugo Tellez

Entered on: 1/19/2012 9:30:14 AM

I tried to put of the picture of good ol Larry sleeping, but it wouln't let me upload..

Comment by PureTrust

Entered on: 1/19/2012 8:05:42 AM

I guess I just don't follow world news and world operations enough. Does Barak Obama retain the authority to name someone to be economic adviser of the World Bank? Isn't the WB an international organization that should have its economic adviser named from within, or else by a group of nations, rather than a U.S. President?

Comment by Powell Gammill

Entered on: 1/19/2012 5:52:28 AM

I thought the smartest man in Britain--Tony Blair--was up for that job, not the smartest man in America?! :-D all the usual suspects

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