Larry Summers Net Worth is$20 Million
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Profession: Politician, Scientist, Economist, Professor

Date of Birth: Nov 30, 1954

Nicknames: Lawrence Henry Summers, Larry Summers, Lawrence H. Summers

Country: United States of America

Lawrence Summers is the Director of the Economic Council for the White House, with a net worth of $20 million. Lawrence Summers accumulated his net worth through his years in government positions and as the President of Harvard University, as well as Chief Economist for the World Bank. He was born in New Haven, Connecticut U.S.
Lawrence Henry Summers (born November 30, 1954) is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010. Summers is the Charles W. Eliot University Professor at Harvard University's Kennedy School of Government. He is the 1993 recipient of the John Bates Clark Medal for his work in several fields of economics.
Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.
Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings. In 2009, he was tapped by President Obama to be the director of the White House National Economic Council.
Summers was born in New Haven, Connecticut, on November 30, 1954, into a Jewish family, the son of two economists, Robert Summers and Anita Summers of (Romanian-Jewish ancestry), who are both professors at the University of Pennsylvania, as well as the nephew of two Nobel laureates in economics: Paul Samuelson (sibling of Robert Summers, who, following an older brother's example, changed the family name from Samuelson to Summers) and Kenneth Arrow (Anita Summers's brother). He spent most of his childhood in Penn Valley, Pennsylvania, a suburb of Philadelphia, where he attended Harriton High School.
At age 16, he entered the Massachusetts Institute of Technology (MIT),

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Larry Summers Latest News

Trump Forced to Dissolve Advisory Committees As Left Targets Businesses

Whatever Trump does, the agenda is to stop all reform at all costs. Former Finance Minister Larry Summers, the father of negative interest rates and the man that helped to repeal Glass-Steagall, said on CNBC and Bloomberg, that Trump had supported the ...
Posted: August 19, 2017, 9:50 am

Larry Summers: CEOs who stay on Trump councils are on the wrong side of history

Larry Summers says any CEO who stays on any of the White House business advisory councils will face backlash. The former Clinton Treasury secretary and ex-Obama aide says he's surprised no officials of Trump's administration have resigned. Summers spoke ...
Posted: August 17, 2017, 5:38 am

Larry Summers asks why all CEOs aren’t quitting Trump’s councils

“I sometimes wonder how they face their children,” says former Treasury Secretary Larry Summers of the CEOs who’ve remained on President Donald Trump’s advisory councils. Clinton-era Treasury Secretary Larry Summers has a question for the chief ...
Posted: August 15, 2017, 8:48 am

Will Goldman Sachs Alum Gary Cohn Take Over the Fed Next Year?

The Fed “has done well in recent years,” concedes former treasury secretary and Fed critic Larry Summers. “We have not enjoyed so favorable a combination of employment and inflation for decades.” Cohn, “aggressive … blunt … fierce ...
Posted: August 19, 2017, 7:20 am

Summers on CEO's quitting: 'They made the right decision'

Lawrence Summers, economic expert and Fmr. Treasury Sec. under Clinton, discusses the mass exodus of CEO's from Trump's advisories and why he thinks they made the 'right decision.' ... more Duration: {{video.duration.momentjs}}
Posted: August 17, 2017, 6:43 pm
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