Good morning.
wealth Today, senior editor Shawn Tully fills in for Sheryl today. You may forgive your request when Donald Trump announced yesterday that he nominated Stephen Miran to fill a vacant position on the Fed’s board of directors, WHO?
This 41-year-old millennial (who served as chairman of the Economic Advisory Board under Trump 2.0), even if you run in the economic world, is hardly a household name. But as I introduced it in detail at the beginning of summer wealth For a In-depth configuration filesMiran has become Trump’s highest affinity thinker.
As of this time last year, I wrote, “Miran was a virtual unknown in both political and economic circles. He’d worked in a variety of investment firms and never been an academic. He got on Trump’s radar by authoring a series of papers that matched the mindset of the ascendant, pro-tariff contingent in the Republic presidential campaign, including a now famous 41-page treatment Miran himself nicknamed ‘the Mar-a-Lago Accord’ that discussed a number of possible solutions to the U.S. yawning trade gap.”
This made him nod his head as the CEA chair, usually by Ben Bernanke, Jason Furman, Austan Goolsbee or longtime Washington Agent (Jared Bernstein) or both. As I mentioned, “The dozen or so economists I interviewed for this story have met Miran before or heard of him before he escalated.
As my source told me, Miran is a rare man, a trained economist who knows all the jargon, absorbs peer research, brings the weight of intellectuals, and makes logical cases for Trump’s amazing counter-trend game plan. “It’s a relatively small PhD economist to say the least, who are economic nationalists. It’s a blind reality. But Steve is one,” someone outside the government knew him.
You can read the whole story and hear it from Miran himself The story is here. But given that Miran will share the table with Trump hatred and Fed Jerome Powell if confirmed, it will certainly be: CEO, CFO, and anyone who watches the economy will hear Stephen Miran’s name this year.
Shawn Tully
Ranking list
There are some notable moves this week:
Kevin D. Cook Appointed as Chief Financial Officer Bumble Inc. (NASDAQ: BMBL), starting from August 12. Cook replaced Ronald J. Cook to bring more than 30 years of financial management experience to Bumble.
Costin Corneanu Named EVP and CFO AmtrakOn August 4, who has been serving as Corneanu since January, he joined the company in 2020. He inherited Tracie Winbigler, who will retire from Amtrak on January 1, 2026. Until then, Winbigler will continue to serve as Chief Transformation Officer EVP position. Before joining Amtrak, Corneanu spent eight years at Spirit Airlines and four years at American Airlines.
Eric Christel Appointed as EVP and CFO Bloomin’Brands, Inc. (NASDAQ: BLMN), a brand company including Outback Steakhouse. Christel joined the company’s transition period on August 4 and will take on the role of Chief Financial Officer on September 8. Current CFO Michael Heaily will assume new roles in EVP, strategy and transformation. Christel brings nearly two decades of experience, including his role as Senior Vice President and CFO of the snack division of Campbell, and several leadership roles at Pepsico.
Michael Graham Appointed as Chief Financial Officer Zoominfo (NASDAQ:GTM) is an enterprise-to-enterprise database and smart platform that has been a temporary CFO since September 2024.
Jennifer Fall Jung Appointed as Chief Financial Officer and Secretary Athlete Warehouse Holding Company (NASDAQ: SPWH), effective August 18. Fall Jung has over 25 years of experience and has previously served as Duckhorn Portfolio, Inc. EVP and CFO, as well as a publicly traded consumer goods company Funko, Inc. CFO.
event
An analysis of S&P Global Market Intelligence found that U.S. corporate bankruptcy reached its highest monthly since 2020 in July. According to the report. Data includes public companies with at least $2 million in debt or assets and private companies with at least $10 million in assets or liabilities at the time of filing.
More in-depth
These are four wealth Weekend reading:
“This is a one-page memo from Warren Buffett, sent to his manager every two years for more than 25 years.” Jessica Coacci
Heard
“I was very particular about making sure the recycling bin was actually in the trash. Even at our house, we had two girls 22 and 20, and it was great for that.”
– Jim Fish, CEO of Fortune 500 company Wm (waste management), said in an interview wealthLead the next podcast.
