Treasury Secretary Is No Job For A CEO
From Slate Articles
November 28, 2012 - 11:18am
Neil Irwin has a good piece arguing that Jamie Dimon would be a terrible Treasury Secretary because generally CEOs have a poor record in the position.
That's quite right and is one of the reasons I'm confident the political instinct to reach for CEO X won't control Obama and he'll pick Jack Lew instead. I do have to say, though, that I find it frustrating that we even have to have these conversations. As I've written before, nobody ever suggests replacing the CEO of a large company with a successful mayor. People go back and forth between the business and political worlds all the time, which is sometimes great and sometimes a pernicious revolving door, but the key test for likely success in a high-level political job is success in a closely related job. Maybe something sub-cabinet at Treasury. Maybe one of the other economic policy gigs elsewhere in the government (Lew ran OMB). Maybe y...
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