Biden’s Wall Street Pals Think They Have His Ear Despite Snubs

Executives from Morgan Stanley to Evercore have stayed close
Top finance figures already imagine having administration jobs

A Wall Street sign is displayed in front of New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Feb. 26, 2020. U.S. equities swung between gains and losses as investors digested fresh evidence of the widening coronavirus outbreak.Photographer: Michael Nagle/Bloomberg

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By Max Abelson

May 18, 2020 at 8:00 AM UTC

This article is for subscribers only.

Wall Street veteran Charles Myers got a surprise Wednesday in his Park Avenue home office. The longtime Democratic donor and former vice chairman at investment bank Evercore was sitting near photos of Barack Obama, Bill Clinton, and Margaret Thatcher when he read the names on Joe Biden’s new economic policy task force.

None of his financial industry friends were there. Myers saw one congresswoman, two labor leaders and five economists from academia or think tanks.