Weber May Teach at University of Chicago Starting in June

Axel Weber said he plans to teach at the University of Chicago after stepping down as president of Germany’s Bundesbank next month.

“It looks like as if I will teach at the University of Chicago” starting in June, Weber said at a press conference in Frankfurt today after presenting the Bundesbank’s annual report. “For a monetarist, that’s the prime address to go to.”

The University of Chicago was founded in 1890 by John D. Rockefeller. It has earned at least 10 Nobel Memorial Prizes in Economic Sciences over the past four decades, more than Columbia University, Harvard University, Princeton University and the University of California, Berkeley.

Alumni of Chicago’s graduate business school include Jon Corzine, the former chief executive officer of Goldman, Sachs & Co., and Peter Peterson, the co-founded Blackstone Group LP. (BX) U.S. President Barack Obama taught constitutional law at the university for 12 years, stepping down when he was elected to the U.S. Senate in 2004.

Weber said he’s currently negotiating his leave of absence from the University of Cologne, where he has remained a faculty member since joining the Bundesbank as president in 2004. He declined to comment on whether he’ll take up a post at a large, international commercial bank.

To contact the reporters on this story: Jeffrey Black in Frankfurt at jblack25@bloomberg.net; Jana Randow in Zurich at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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