Finance Minister Janet Yellen speaks on January 8, 2024 with Sara Eisen from CNBC (not shown) in the US finance department.
CNBC
Former finance minister Janet Yellen will join an advisory board for the Bond Giant Pimco, CNBC found out.
Yellen, who also worked as the chair of the Federal Reserve, under the report of the CNBC leslie Pickers on the board, which meets several times a year.
According to the PIMCO website, the mission of the advisory board members is “their insights into the company through global economic, political and strategic developments and their relevance for the financial markets”.
Current members include Gordon Brown, the former British Prime Minister; former chief of staff Joshua Bolten; Michèle Flournoy, former defense policy consultant among two US presidents; and Raghuram Rajan, an economist and former governor of the Reserve Bank of India.
In addition, the former chairman of the Federal Reserve, Ben Bernanke, was Senior Advisor at Pimco, and Richard Clarida, who worked as the deputy chairman of the central bank, is the managing director of the company's New York office.
Yellen served as the Ministry of Finance for every four years of the bidet administration, and before this was fed from 2014 to 18 to 18.08. She was the first woman to hold the respective contributions. Before she took over the treasury post, she was a task as a respected scholarship holder at the Brookings Institution think tank.
PIMCO based in Newport Beach, California, manages about 2 trillion dollars for customers and once led the world's largest Bond Fund. Yellen has a past with the company and once reported that in 2019 she collected a speech fee of $ 180,000.
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