Larry Summers wife-American economist, Lawrence Henry Summers was born on November 30, 1954, in New Haven, Connecticut in the United States of America.
Who is Larry Summers’ wife?
Larry Summers has been married twice in his life. He was previously married to Victoria Perry in 1984. They had three children together. He is currently married to Elisa New. They have been married since 2005. They reside in Brookline, Massachusetts.
Who is Elisa New?
Elisa New is the current wife of Larry Summers. She was born in 1958 and works as a an American academic who is the Powell M. Cabot Professor of American Literature at Harvard University.
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Larry Summers and Elisa New
Allen and Company Sun Valley Conference, Day 2, Idaho, USA – 06 Jul 2022
Larry Summers career
Summers held the positions of director of the National Economic Council from 2009 to 2010 and 71st United States Secretary of the Treasury from 1999 to 2001.
In addition, he directed the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School and held the position of Charles W. Eliot University professor at Harvard University from 2001 to 2006. Summers is a director on the board of OpenAI, an artificial intelligence firm.
In 1983, Summers was hired by Harvard University as an economics professor. After graduating from Harvard in 1991, he spent the next two years serving as the World Bank’s chief economist.
Summers joined President Bill Clinton’s cabinet in 1993 as the Under Secretary for International Affairs in the US Department of the Treasury.
He was elevated to the position of Deputy Secretary of the Treasury in 1995, working under Robert Rubin, his longtime political mentor. He took over as Treasury Secretary in 1999 after Rubin.
Summers was a key player in the US reaction to the Asian financial crisis in 1997, the Russian financial crisis, and the Mexican economic crisis in 1994 while she was employed by the Clinton administration.
He had a significant impact on the deregulation of the US financial system, which included the repeal of the Glass-Steagall Act, the Harvard Institute for International Development, and the American-advised privatization of the economy of the post-Soviet republics.
Summers presided over Harvard University as its 27th president from 2001 to 2006 after Clinton’s term came to an end. Following a vote of no confidence by Harvard faculty, Summers resigned as president of the university.
The vote was sparked in part by Summers’s disagreement with Cornel West, questions about a financial conflict of interest involving his relationship with Andrei Shleifer, and a speech he gave in 2005 in which he proposed three explanations for why women are underrepresented in science and engineering, including the possibility that there is a “different availability of aptitude at the high end” in addition to socialization and discrimination patterns.
Summers was employed as a managing partner with the hedge fund D. E. Shaw & Co. upon his retirement from Harvard.
Summers returned to public service during the Obama administration, working for President Barack Obama as the Director of the White House United States National Economic Council from January 2009 to November 2010. In this role, he played a significant role in the administration’s economic response to the Great Recession.
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