Good morning
Assets Senior Editor-AT-Large Shawn Tully is now filling up for Sheryl. When Donald Trump announced yesterday that he nominated Stephen Miran to fill a job in the Fed Governor Council, they could be awarded that they could be asked. WHO?
The 41-year-old Millennial, who headed the city council for business consultants as part of Trump 2.0, is hardly a well-known name, even if they run in business circles. But as I did in more detail at the beginning of summer Assets for on Incoming profileMiran has become Trump’s top project ideologist.
Up to this time last year I wrote: “Miran was a virtual unknown in both political and economic circles. He had worked in a variety of investment companies and never an academic. Campaign, in which Miran-Miriff-Miriff campaign was discussed with a lot of Miran-Ac.
This brought him the nod as chairman of the CEA, a position that was typically held by prestigious names that were picked by top universities (Ben Bernanke, Jason Furman, Austan Goolsbee) or long -standing employees in Washington (Jared Bernstein) or both. As I already mentioned: “None of the dozen known economists that I had interviewed for this story had ever hit Miran before he climbed to lead CEA. In some cases, they fumbled his last name as ‘Murr-Ann’, how often TV and podcast experts (right pronunciation: ‘My-Run’.
As my sources told me, Miran is a rarity, a highly qualified economist who knows the entire Jargon, absorbing peer studies, brings intellectual weight and makes a logically sounding case for Trump’s breathtakingly contrasted game plan. “To say the least, it is a relatively small pool of doctoral students who are economic nationalists. This is a dazzling reality. But Steve is one,” says someone outside the administration who knows him.
You can read the whole story and hear from Miran yourself in the History here. In view of the fact that Miran, if this is confirmed, will share the table with Trump Nemesis and the Fed Chairman Jerome Powell, one thing is certain: CEOs, CFOS and everyone who observes the economy will hear the name Stephen Miran a little this year.
Shawn Tully
Ranking
Some remarkable movements this week:
Kevin D. Cook was appointed CFO by Bumble Inc. (Nasdaq: BMBL), effective on August 12th. Cook succeeds Ronald J. Fior, who will return from his role as between CFO and will serve in an advisory role until the end of August. Cook brings more than 30 years of experience in financial management in Bumble after recently serving as CFO at Cloudera, Inc. He was also a SVP for financial, corporate development and investor relationships at Cloudera and as a VP for strategic financial, corporate and business development at Barracuda Networks, Inc.
Costin Corneanu was called EPP and CFO from AmtrakWith effect from August 4, Corneanu, who came to the company in 2020, has been representative of CFO since January. He succeeds Tracie Winbigler, who will retire on January 1, 2026 from Amtrak. Until then, Winbigler will remain in her EPP role as Chief Transformation Officer. Before he came to Amtrak, Corneanu spent eight years at Spirit Airlines and four years at US Airways.
Eric Christel was appointed EVP and CFO by Bloomin ‘Brands, Inc. (Nasdaq: Blmn), parent company of brands like Outback Steakhouse. Christel joined the company for a transition period on August 4 and took over the CFO role on September 8th. The current CFO Michael Healy will take on the newly created role of EPP, strategy and transformation. Christel has almost two decades of experience, including his role as SVP and CFO of the Snacks of the Campbell’s Company and several leadership roles in Pepsico.
Michael Graham was appointed CFO by Zoominfo (Nasdaq: GTM), a platform for companies and business-to-business database and intelligence, which is effective on August 1st. O’Brien has worked as an intermediate CFO since September 2024. Before that, he had been in the company since December 2017, most recently as VP from FP & A.
Jennifer Fall Jung was appointed CFO and secretary by Athlete’s Warehouse Holdings, Inc. (Nasdaq: SPWH), effective on August 18. Autumn Jung has over 25 years of experience and previously served as EVP and CFO des Duckhorn portfolio, Inc. and CFO from Funko, Inc., a listed consumer goods company.
Big deal
An analysis of the S&P Global Market Intelligence showed that the US corporate investments reached their highest monthly total in July since 2020. In July, large public and private companies rose bankruptcy applications to 71 p.m., from revised 66 in June and marked the highest individual month since July 2020. According to the report. The data includes public companies with debts or assets of at least 2 million US dollars as well as private companies with at least 10 million US dollars in assets or liabilities at the time of submission.
Go deeper
Here are four Assets Weekend reads:
“Thanks to the domination of the US restaurant delivery, 100 billion US dollars is worth a much greater chance.” From Jason below
“A ray of hope for Tesla shareholders: Under Elon Musk’s new 27 -billion dollar -comp package, her fate is now intertwined with him.” From Shawn Tully
“Thanks to the rising stocks, Palantirs CTO was a billionaire over the night, the fifth insider of the AI company of $ 411 billion was to join the ultra-rich club.” From Preston before
“Here is the one -sided memo that Warren Buffett has sent to his managers every two years in over 25 years.” By Jessica Coacci
Oversighted
“I am pretty much that what goes in the recycle container is actually in the trash can. Even in our house we have two girls, 22 and 20, and they are pretty good too.”
– Jim Fish, CEO of the Fortune 500 Company World Cup (waste management), said in an interview in an episode of AssetsThe Next Podcast leadership.
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