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orzag, jonathan

oops ntbcw/ Peter (obama) OMB bro

https://en.wikipedia.org/wiki/Jonathan_Orszag

jonathan Marc Orszag is an American economist and former government official. He is a Senior Managing Director at Compass Lexecon, LLC, an economic consulting firm. Orszag was a co-founder of Compass Lexecon (or Competition Policy Associates), which was sold to FTI Consulting, Inc. (NYSE: FCN) in 2006. His work has been recognized in The International Who's Who of Competition Economists and Global Competition Review.[1] During the Bill Clinton administration, Orszag served within the National Economic Council (NEC) as an economic policy advisor.[2]

Early life and education

Orszag is the son of Reba Karp, owner of a research and development company,[3] and Steven Orszag, a prominent mathematician and professor at Yale University.[4] He has two brothers, Michael Orszag and Peter Orszag, the former Director of the Office of Management and Budget.[5] Orszag's paternal great-grandparents were Jewish immigrants from Hungary who immigrated to New York City in 1903.[6][7]

Orszag graduated from Phillips Exeter Academy in 1991 and received his bachelor's degree in economics from Princeton University in 1996. In 1997, Orszag graduated from the University of Oxford with an M.Sc. in Economic and Social History.[8]

Career

Government service and political activity

In 1994, Orszag was appointed to serve as the Special Assistant to the Chief Economist at the U.S. Department of Labor. He next moved to the White House in 1995 to serve as an Economic Policy Advisor on President Bill Clinton's National Economic Council. In 1999, the Corporation for Enterprise Development gave Orszag its leadership award for "forging innovative public policies to expand economic opportunity in America." From 1995 to 1996, Orszag was an economic consultant to James Carville while he wrote the book We're Right, They're Wrong: A Handbook for Spirited Progressives.[8]

Orszag served as the Assistant to the Secretary of Commerce and Director of the Office of Policy and Strategic Planning from 1999 to 2000. During the 2000 presidential election, Orszag worked on the Gore-Lieberman campaign as director of policy preparations for the vice presidential debate.[8] From 2000 to 2003, the Governor of California appointed Orszag to both the California Workforce Investment Board and the Governor's Technology Advisory Group.[9] In 2004, Orszag was a commentator for The Wall Street Journal, writing on economic issues of note in the 2004 presidential election.[8]

Private sector

When Orszag left government, he founded Sebago Associates, the predecessor firm toCompass Lexecon, with his brother Peter Orszag. Orszag is currently a senior managing director and member of the Executive Committee.[10] Orszag currently serves on the boards of JMP Securities, Inc. and the Academic and Regulatory Advisory Council for One River Asset Management.[11][12]

Orszag works on antitrust matters, including giving testimony before the European Court of First Instance in its 2007 case, Microsoft Corp v. Commission. Orszag has also worked on a number of large mergers, including Aetna/Humana, GE/Electrolux, Agrium/Potash Corporation of Saskatchewan, Orbitz/Expedia, OfficeMax/Office Depot, Staples/Office Depot, Omnicom/Publicis, Entercom/CBS Radio, AT&T/T-Mobile, Delta/Northwest, the Microsoft/Yahoo! search deal, Siemens/Dresser-Rand, and Global Crossing/Level 3.[13][14][15] He's also served as an expert witness in the California matter, Hewlet-Packard Co. v Oracle Corp.[16]

Personal life

Orszag is married to entertainment journalist Mary Kitchen. The couple has three children.[17] Orszag serves on boards of the Friends of the Global Fight Against AIDS, Tuberculosis, and Malaria, and the Tiger Woods Foundation.[18] Orszag serves as a Trustee of The First Tee[19] and was formerly a senior fellow at the Center for American Progress.[20] He is also a member of the Good+ Foundation's Fatherhood Leadership Council.[10]

References

  1. ^ "Competition Economists". Who's Who Legal. April 1, 2016.
  2. ^ "NEC Staff". clintonwhitehouse2.archives.gov. Retrieved 2022-01-06.
  3. ^ New York Times: "Bianna Golodryga, Peter R. Orszag" September 24, 2010
  4. ^ Yale Bulletin: "In memoriam: Steven Alan Orszag"May 11, 2011
  5. ^ Connolly, Ceci (26 November 2008). "Orszag Will Be Director of OMB: Position Expected to Have Broader Role" (Washington Post). The Washington Post. p. A3. Retrieved 2008-11-27.
  6. ^ "Orszag biography". University of St Andrews, Scotland. Retrieved June 3, 2017.
  7. ^ US News and World Report: "10 Things You Didn’t Know About Peter Orszag" By Carol S. Hook November 25, 2008
  8. ^ :{Jump up to::(style="user-select:none;top:-99999px;clip:rect(1px, 1px, 1px, 1px);overflow:hidden;position:absolute !important;padding:0px !important;border:0px !important;height:1px !important;width:1px !important"):}:^a b(https://en.wikipedia.org/wiki/Jonathan_Orszag#cite_ref-:1_8-1) c(https://en.wikipedia.org/wiki/Jonathan_Orszag#cite_ref-:1_8-2) d(https://en.wikipedia.org/wiki/Jonathan_Orszag#cite_ref-:1_8-3) "Jonathan M. Orszag" (PDF). Compass Lexecon.
  9. ^ "One River Digital Asset Management welcomes Jay Clayton, Kevin Hassett and Jon Orszag to newly formed Academic and Regulatory Advisory Council". www.yahoo.com. Retrieved 2021-09-24.
  10. ^ :{Jump up to::(style="user-select:none;top:-99999px;clip:rect(1px, 1px, 1px, 1px);overflow:hidden;position:absolute !important;padding:0px !important;border:0px !important;height:1px !important;width:1px !important"):}:^a b(https://en.wikipedia.org/wiki/Jonathan_Orszag#cite_ref-:0_10-1) "Jonathan M. Orszag". Compass Lexecon. Retrieved 2021-09-24.
  11. ^ "Management & Board | JMP Group LLC".
  12. ^ "One River Asset Management".
  13. ^ "Economist Throws Weight Behind 37B Aetna Humana Deal". Law360. December 21, 2016. Retrieved January 5, 2017.
  14. ^ "DOJ's Relevant Market Fails, Orszag Says". Global Competition Review. December 19, 2016. Retrieved January 5, 2017.
  15. ^ ":{"Highlights":{":(style="padding-right:0.2em"):}::(style="padding-left:0.2em"):}:. Compass Lexecon. Retrieved June 17, 2014.
  16. ^ "Expert Perspectives on Biggest Court Cases".
  17. ^ Atlantic Business Magazine: "Top 5 with Entertainment Journalist, Mary Kitchen" by Karen Moores October 23, 2014
  18. ^ "Meet Our Board". Friends of The Global Fight. Retrieved 2021-09-24.
  19. ^ "Leadership". First Tee. Retrieved 2021-09-24.
  20. ^ "Jonathan Orszag". Friends of The Global Fight. Retrieved 2022-01-13.

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compass Lexecon is a global economic consulting firm with headquarters in Chicago, Illinois. It provides analysis of economic issues for use in legal and regulatory proceedings, strategic decisions, and public policy debates.[5][6] Compass Lexecon LLC was formed in January 2008 through the combination of Competition Policy Associates (COMPASS), founded in 2003, and Lexecon, founded in 1977, and operates as awholly owned subsidiary of FTI Consulting, a global business advisory firm.[7] Compass Lexecon has been ranked as one of the top competition economics firms worldwide.[8][9]

Daniel Fischel is the chairman and president.[10] Jonathan Orszag is senior managing director.[11] In May 2013, Compass Lexecon acquired Princeton Economics Group, which provides economic research, data analysis and testimony to law firms and corporations.[12] Compass Lexecon has 23 office locations in the Americas, Europe, Middle East, and Asia.

Mentions

In July 2014, in response to an inquiry from the Federal Communications Commission, the National Association of Broadcasters cited a report by Compass Lexecon on the economic benefits of exclusivity rules.[13] Compass Lexecon was also mentioned as one of the firms hired to evaluate the settlement accord offered by J.P. Morgan to investors of its mortgage-backed securities.[14] In February 2015, The New York Times covered a report written by Daniel Fischel, which examined the implications facing academic institutions that divest fossil fuel-related stocks.[15][16] The Wall Street Journal published an opinion piece by Fischel on the same topic.[17] In May 2015, Compass Lexecon was named Competition Economist Firm of the Year by Who's Who Legal. Additionally, Compass Lexecon's Janusz Ordover, a Senior Consultant, was named as the 2015 Competition Economist Individual Expert of the Year.[18] In the same month, a Compass Lexecon report "claim[ed] the Gulf airlines are not creating new demand, but siphoning off passengers from existing airlines."[19] In May 2019, Compass Lexecon was ranked first in GAR 100 Expert Witness Firms’ Power Index for the second consecutive year by Global Arbitration Review.[20]

Practice areas

Compass Lexecon advertises expertise in the following practice areas:[21]

Affiliates

See also

References

  1. ^ "About Us". Compass Lexecon. Compass Lexecon. Retrieved 23 May 2020.
  2. ^ "About Us". Compass Lexecon. Compass Lexecon. Retrieved 23 May 2020.
  3. ^ "About Us". Compass Lexecon. Compass Lexecon. Retrieved 23 May 2020.
  4. ^ "Compass Lexecon LLC". www.bloomberg.com. Bloomberg. Retrieved 23 May 2020.
  5. ^ Bloomberg Businessweek, Company Overview of Compass Lexecon LLC. Retrieved on April 4, 2014.[1]
  6. ^ The Wall Street Journal, "FTI Consulting Wins Four 2014 Global Competition Review Awards". April 9, 2014.[2]
  7. ^ Compass Lexecon, About Us
  8. ^ "Winners – Consulting Experts & Firms". whoswholegal. Who's Who Legal. Retrieved 23 May 2020.
  9. ^ "Compass Lexecon Named Competition Economics Firm of the Year 2018". Compass Lexecon. Compass Lexecon. 4 June 2018. Retrieved 23 May 2020.
  10. ^ Compass Lexecon Bio, Daniel Fischel
  11. ^ Compass Lexecon Bio, Jonathan Orszag & [3]
  12. ^ The New York Times, News About FTI Consulting Inc
  13. ^ Broadcasting and Cable, "NAB: Exclusivity Rules Are Crucial". July 24, 2014. Retrieved on October 10, 2014.[4]
  14. ^ Bloomberg, "JPMorgan Seen Facing Bigger Fight With Mortgage Investors". July 24, 2014.[5]
  15. ^ The New York Times, “Study Claims Oil Divestiture May Hurt College Endowments”. February 9, 2015.[[6]](https://www.nytimes.com/2015/02/10/business/energy-environment/study-claims-oil-divestiture-may-hurt-college-endowments.html?ref=education&_r=1)
  16. ^ Daniel Fischel, “Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy”.[7]
  17. ^ The Wall Street Journal, “The Feel-Good Folly of Fossil-Fuel Divestment”. February 9, 2015.[8]
  18. ^ CNN Money, "FTI Consulting and Compass Lexecon Honored as Arbitration Expert Firm and Competition Economist Firm of the Year at the 2015 Who's Who Legal Awards". May 4, 2015. [9] Archived 2015-05-18 at the Wayback Machine
  19. ^ THOMASELLI, RICH (May 15, 2015). "Open Skies Combatants Continue to Take Shots". TravelPulse.
  20. ^ Nasdaq, "Compass Lexecon and FTI Consulting Lead Global Arbitration Review’s Expert Witness Firms’ Power Index". May 28, 2019. [10]
  21. ^ "Practice Areas". Compass Lexecon. Retrieved 2021-09-24.
  22. ^ The Washington Post, "Economists wield big influence in merger reviews". June 1, 2014.[11]
  23. ^ "Renowned Quantitative Marketing Expert Professor Jean-Pierre Dubé Affiliates with Compass Lexecon". Compass Lexecon. 2022-02-21. Retrieved 2022-03-01.
  24. ^ "Jonathan F. Foster, Leading M&A Process Expert, Affiliates with Compass Lexecon". Compass Lexecon. 2022-02-17. Retrieved 2022-03-01.
  25. ^ "Renowned Economist, Dr. David K.A. Mordecai, Reaffiliates with Compass Lexecon". Compass Lexecon. 2022-01-03. Retrieved 2022-03-01.
  26. ^ "FCC Chief Economist Glenn Woroch Rejoins Compass Lexecon". Compass Lexecon. 2021-11-03. Retrieved 2022-03-01.
  27. ^ :{Jump up to::(style="user-select:none;top:-99999px;clip:rect(1px, 1px, 1px, 1px);overflow:hidden;position:absolute !important;padding:0px !important;border:0px !important;height:1px !important;width:1px !important"):}:^a b(https://en.wikipedia.org/wiki/Compass_Lexecon#cite_ref-:0_27-1) c(https://en.wikipedia.org/wiki/Compass_Lexecon#cite_ref-:0_27-2) "Leading Academic Economists in Europe Affiliate with Compass Lexecon". Compass Lexecon. 2021-07-26. Retrieved 2022-03-01.

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quartz no lnx grfx

https://qz.com/2025377/inside-compass-lexecon-one-of-the-top-antitrust-consulting-firms/

...

The history of Compass Lexecon

1977: Consulting firm “Lexecon” is founded by University of Chicago law professor Richard Posner and two colleagues. Posner is one of the leading figures in the “Chicago School” of legal thought, which pushed American courts to consider antitrust cases narrowly, on the basis of the impact to consumer prices. “Lexecon” is a mashup of lex, the Latin word for law, and “econ.”

1978: Lexecon gets its first big break: AT&T hires Posner to consult on its defense in a federal antitrust lawsuit that ends in the court-ordered breakup of AT&T.

1981: US president Ronald Reagan appoints William Baxter, a prominent “Chicago School” law professor, as attorney general. He helps usher in a new era of antitrust enforcement. Business begins to boom for economic consultants who build models (for the prosecution or defense) that quantify the impact dominant companies have on consumer prices.

1998: Nextera Enterprises, a company owned by “junk bond king” Michael Milken, acquires Lexecon for $60 million.

2003: FTI Consulting acquires Lexecon for $130 million.

2006: FTI Consulting acquires another antitrust consultant firm, Competition Policy Associates, and merges it with Lexecon to form Compass Lexecon.

An army of antitrust consultants

FTI keeps growing the number of economic consultants in its eponymous division, which is dominated by Compass Lexecon.

Even so, US merger enforcement has remained relatively flat over the past decade: New presidential administrations tend to take it easy in year one, and ramp up by the end of each term.

How much it costs to hire Compass Lexecon

$599 million: Revenue generated by FTI’s economic consulting division in 2020

175: PhD-credentialed consultants employed by Compass Lexecon

2: Nobel prize winners working for Compass Lexecon (University of Chicago economist James Heckman and New York University economist Robert Engle)

$494: Average hourly fee for a Compass Lexecon consultant (though top experts charge as much as $1,350 per hour)

84: Fortune 100 companies that have hired Compass Lexecon

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23: Compass Lexecon offices, in 14 countries

The small world of antitrust consultants

The industry of antitrust consultants is itself highly concentrated: About half a dozen firms control the lion’s share of the market for expert witnesses and economic reports in antitrust cases and merger reviews.

Charles River Associates: Often listed alongside Compass Lexecon as the world’s top antitrust consulting firm, CRA has a similar reach, operating 22 offices in 10 countries.

National Economic Research Associates: Founded in 1961, NERA is the oldest consulting firm that specializes in using economic models to support antitrust litigation.

Bates White: With one office in Washington DC, Bates White focuses primarily on US antitrust cases, but has an international network of consultants spread across the globe.

Analysis Group: This Boston-based firm has offices in North America, Europe, and Asia, and in the past year has represented firms like Qualcomm and GSK in antitrust cases.

Cornerstone Research: Based in San Francisco, Cornerstone most memorably consulted on the mega-merger between Sprint and T-Mobile.

Berkeley Research Group: The youngest entrant on the list, BRG was founded in 2010 but has quickly ballooned to 45 offices in 17 countries.

What it takes to be an economic consultant

“It’s a pretty rare skill set to be able to have both very good qualifications substantively in economics…and also to have the skills to sit in the stand and testify and explain it in plain English. Not everybody can do that. And the people that can do it can charge pretty good fees.” —Janelle Wrigley, former FTC prosecutor

It takes a particular person to become a $1,000-an-hour economic consultant. And it helps if you look and act the part of a pointy-headed, tweed-bound professor.

ProPublica describes Dennis Carlton, a University of Chicago economist and leading Compass Lexecon consultant—who has raked in about $100 million in fees over the course of his career—as being self-effacing, with small, bespectacled eyes, a habit of speaking in a slow, nasal voice, and an overall demeanor that’s about “as intimidating as a high school guidance counselor.” And yet, “his calm, unassuming demeanor, even under intense cross-examination, makes him the perfect champion for his corporate clients.”