Geithner's New Gig: Why He's Joining Warburg Pincus

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Nov. 18 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports on former U.S. Treasury Secretary Timothy Geithner’s new role at private equity firm Warburg Pincus. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”

Painter would do ultimately.

The one thing that we have heard is that he would never go to a wall street bank, especially one that he used to regulate.

It is not a huge surprise that he is headed to an investment firm.

He is headed to wall street.

There were questions about whether he would ever had to wall street.

He was trying to create distance.

This is a firm that is a private equity firm.

As treasury secretary, he and the administration went after the tax code.

Particularly the carried interest -- they were never successful at changing that.

Now, he will be a beneficiary.

He has an interesting academic act ground.

Very different.

What would you describe as the leadership formula?

Is he a follower and a leader?

What is the formula?

The one thing you can take away for sure is that he has been faced with a lot of crazies.

There is an idea of responding in force to a crisis.

Both at the treasury department, they've dealt with the situation in mexico and he took lessons from that -- and that the fed, and the structure -- and as treasury secretary.

He takes decisive access -- action and throws everything out a problem.

This will be a very different job with different resources.

This is someone who believes in decisive action.

Whether or not there is pain down the road.

We all believe in decisive action.

Any idea what he will be doing?

The sense that we have is that he will not be a figurehead.

A lot of people leave washington and had to wall street to do schmoozing with customers.

There will be some of that for the 75th treasury secretary.

He has actually been doing some work.

He is giving direct advice.

The tim geithner i know -- that is what he would want.

He went what to get his hands dirty.

Thank you for that report.

A start to a great week here.

Our guest host this morning is marshall.

He is the chairman of sondheim partners.

A great time to talk to him.

This text has been automatically generated. It may not be 100% accurate.


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