Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall Street banks and General Motors Corp.
Timothy Geithner, the former U.S. Treasury secretary who supervised government bailouts of some of the largest companies after the 2008 financial crisis, agreed to join private-equity firm Warburg Pincus LLC after more than 25 years in public service.
Former Conservative Prime Minister John Major called for a one-time tax on energy company profits if the U.K. government has to spend more on cold-weather payments to pensioners and other benefit recipients this winter.
Former U.K. Prime Minister John Major, whose time in office was dominated by intra-party squabbles over Europe, told today’s Conservative lawmakers to lay off the issue and avoid undermining his successor David Cameron.
Former U.K. Prime Minister John Major said News Corp. chairman Rupert Murdoch told him in 1997 that his papers wouldn’t support him in the coming election if he didn’t adopt a more hostile pose toward the European Union.