Davis Manafort
Lobbying firm Davis Manafort was the top search term on Muckety last week. Davis Manafort was in the news after the New York Times reported that it received $15,000 a month from Freddie Mac, until this month’s government takeover of the failing mortgage giant.
Rick Davis, who is John McCain’s campaign manager, is a managing director of Davis Manafort. Davis has taken a leave of absence from the firm while working on the McCain campaign, but continues as is an equity partner.
Byron Trott
Internet users were searching for information about Byron Trott after the “Sage of Omaha,” Warren Buffett, said he would invest $5 billion in Goldman Sachs.
A report in the Wall Street Journal noted that Trott, who runs Goldman Sachs’ Chicago office, is a friend of Buffett’s. Earlier this year, Trott brought Buffett into Mars Inc.’s acquisition of Wm. Wrigley Jr. & Co. Both Berkshire Hathaway and Goldman Sachs were investors in that deal.
Eric Callan
Former Lehman Brothers CFO Erin Callan returned to the news after she was interviewed by Fortune Magazine following the bankruptcy of Lehman Brothers. It was her first interview since losing her job as CFO.
Callan told Fortune she felt “lucky to get out, but I was so sad. It wasn’t a relief at the time. I never thought I would leave that firm.”
Callan, one of Wall Street’s golden girls, is now the head of the global hedge fund business at Credit Suisse.
Penny Pritzker
The name of Barack Obama’s national finance chair, Penny Pritzker, was kicking around the blogosphere last week after dirt diggers rediscovered that she had helped run Superior Bank, which had been seized and closed by bank regulators in 2001.
The Wall Street Journal reported the story in July, well before the financial crisis took on grand proportions.
“Pritzker helped run Hinsdale, Ill.-based Superior, overseeing her family’s 50-percent ownership stake,” according to the paper. “She now serves as Barack Obama’s national campaign-finance chairwoman, which means her banking past could prove to be an embarrassment to her -and perhaps to the campaign.”
Edward Liddy
Former Allstate Insurance Chairman Edward M. Liddy was in the news recently after being tapped by Treasury Secretary Henry Paulson to run insurance giant American International Group after the government’s $85-billion takeover.
Five years ago, when Paulson ran investment house Goldman Sachs Group Inc., he had picked Liddy to join that board.
Top five stories for the week
Obama and McCain both have ties to Fannie Mae and Freddie Mac
In the wake of the federal government’s bailout of Fannie Mae and Freddie Mac, the two presidential candidates are calling for reform. Yet both men have close connections to the mortgage giants.
Former Allstate Chairman Edward Liddy tapped (again) by Paulson
When U.S. Treasury Secretary Henry Paulson chose former Allstate Chairman Edward M. Liddy to head American International Group Inc. after the government’s bailout of the insurance giant, he was turning to an old buddy he knew he could trust.
Former McCain adviser Phil Gramm tied to financial turmoil
As the former head of the Senate Banking Committee, Phil Gramm led the charge in 1999 to repeal a Depression-era banking regulation law that some economists say contributed to the subprime mortgage crisis.
Lynn Forester de Rothschild stands by her woman
No woman in the Hillary Clinton camp, other than maybe the candidate herself, is tougher than Lynn Forester de Rothschild.
AIG’s ex-CEO Willumstad to forego $22 million severance
American International Group’s ex-CEO Robert Willumstad has rejected a $22-million severance package from his former employer.
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