Penny Pritzker

Penny Sue Pritzker (born May 2, 1959) is an American billionaire businesswoman, entrepreneur, and civic leader.[1] President Barack Obama nominated Pritzker as United States Secretary of Commerce. After being confirmed by a Senate vote of 97–1, she became the 38th person to hold that position.

Pritzker spent her early career in business. She worked her way up through the Pritzker family business, eventually being appointed as one of three successors to her uncle, Jay Pritzker. She is the founder of PSP Capital Partners and Pritzker Realty Group. She is also co-founder of Artemis Real Estate Partners. As of October 2015, Forbes estimated her net worth at $2.4 billion.[2] In 2009, Forbes named Pritzker one of the 100 most powerful women in the world.

Before entering government service, Pritzker had been involved in many Chicago organizations, including the Chicago Board of Education, Museum of Contemporary Art, Chicago, and her own foundation, the Pritzker Traubert Family Foundation. Pritzker was an early supporter of Obama's presidential candidacy, having been a friend of the Obama family since their time in Chicago.

Penny Pritzker
Penny Pritzker official portrait
38th United States Secretary of Commerce
In office
June 26, 2013 – January 20, 2017
PresidentBarack Obama
DeputyPatrick D. Gallagher (acting)
Bruce H. Andrews
Preceded byJohn Bryson
Succeeded byWilbur Ross
Personal details
Born
Penny Sue Pritzker

May 2, 1959 (age 60)
Chicago, Illinois, U.S.
Political partyDemocratic
Spouse(s)Bryan Traubert
Children2
RelativesDonald Pritzker (father)
J. B. Pritzker (brother)
Anthony Pritzker (brother)
EducationHarvard University (BA)
Stanford University (JD, MBA)

Early life and education

Penny Pritzker was born in Chicago in 1959, the daughter of Sue (née Sandel)[3] and Donald Pritzker. She is a member of the Pritzker family of Chicago, a wealthy and influential business family.[4] Donald Pritzker was one of the co-founders of Hyatt Hotels. He moved the family to Atherton, California, where business for the Hyatt Hotels began to grow. [5] Penny has two younger brothers, Tony (b. 1961) and J. B. Pritzker (b. 1965).[1]

Young Penny would accompany her father to the hotels and check the cleanliness of the ladies restrooms. In 1972, Don died suddenly of a heart attack when Penny was 13 years old. Following Don's death, Sue began battling depression, requiring Penny to at times care for her mother and her younger brothers.[1] At age 16, Penny wrote a letter to her grandfather, and head of the family business empire, A. N. Pritzker, in which she asked why he talked business with the men in the family and not with her.[6] Finally realizing Penny's interest in business, A. N. provided her with a summer course in accounting.[6]

Penny attended Castilleja School until 1977.[7][8] She graduated with a Bachelor of Arts in economics from Harvard College in 1981.[9] The following year, Penny's mother died after falling out of the passenger side of a tow truck. Penny returned to school, earning both a Juris Doctor and a Masters of Business Administration from Stanford University in 1985.[1]

Pritzker family businesses

Early ventures

After she earned her degrees, Pritzker joined the Pritzker organization encouraged by her cousin Nick Pritzker.[1][10] In 1987, she founded Classic Residence by Hyatt, later renamed Vi, upscale housing for seniors as an alternative to nursing homes.[1][11] The project struggled at first, losing $40 million in the first 18 months, but turned around after changes in marketing and management.[1] In 1991, Jay Pritzker, Penny's uncle and head of the Pritzker family businesses, named Penny as the director of the Pritzkers' non-hotel landholdings. With that appointment, Penny created the Pritzker Realty Group, which developed apartment buildings, shopping centers, and the Baldwin Park neighborhood in Orlando, Florida.[12]

Superior Bank

From 1991–1994, Penny Pritzker was chairperson of the Hinsdale, Illinois-based Superior Bank of Chicago, in which Jay Pritzker had purchased a 50% stake from the Federal Deposit Insurance Corporation, who had taken over the bank when it failed. In 1993 the bank "embarked on a business strategy of significant growth into subprime home mortgages", according to a report by the United States Treasury Department.[13] In 2000 it became clear the bank was faltering. In the months leading up to 2001, the Pritzkers tried to work out a recapitalization plan.[13] In July 2001, the FDIC seized the bank after the recapitalization could not be resolved.[14][15][16] Subsequently, the Pritzker family reached an agreement with regulators to pay $460 million.[13][17][18][19]

According to the FDIC, by 2011 the uninsured depositors of Superior had each received 81% of their uninsured monies, in addition to the $100,000 each previously received of their insured amount.[20] Industry experts have criticized the Pritzkers in regard to Superior.[21] Consumer advocates and government investigators asserted Superior "engaged in unsound financial activities and predatory lending practices".[13] Responding to the Wall Street Journal, Pritzker noted she had no ownership in the bank, either direct or indirect, and that the bank's reasons for failure "were complex, including changes in accounting practices, auditing failures, reversals in regulatory positions and general economic conditions".[13] She said the bank complied with "fair lending laws" and ethical business practices.[13] A 2001 Business Week article described the bank's other owner, Alvin Dworman, as the more dominant partner in its operation as a result of agreements made by Jay Pritzker.[14] Quoted in the New York Times, a Pritzker family friend observed Pritzker was trapped in a deal of her uncle's making: "Penny got sucked into this…this was really the legacy of Jay."[15]

Leadership and dissolution

In 1995, Penny was named as one of three successors to the retiring Jay Pritzker besides his son Tom and his cousin Nick.[22] Tom was named the official head of the businesses, Nick and Penny each named vice-chairman.[11] Together, the three were to oversee the Pritzker family assets.[22][11] Jay intended to keep the family business together, devising a system of trusts that would allow individual family members to receive money from the trusts to meet their needs; however, the family's wealth was to be primarily maintained in the trusts to grow the businesses and fund philanthropic endeavors. The Pritzker business empire contained over 200 businesses and was valued at $15 billion.[11]

After Jay Pritzker's death in 1999, other Pritzker family members challenged Tom, Nick, and Penny's control of the businesses in multiple lawsuits.[1][23] Penny's brothers joined in one of the lawsuits. In 2001 Tom, Nick, and Penny decided to sell family assets to allow eleven cousins to receive a share, dissolving the family's business ties. Disentangling the family's business interests took nearly a decade.[1] The family sold its controlling stake in the Marmon Group to Berkshire Hathaway for $4.5 billion in 2008.[2] The Pritzker Realty Group sold Parking Spot, an airport parking management business Penny co-founded in 1998,[24] to Green Courte Partners LLC for $360 million in 2011.[22]

Starting in 2005, she served as non-executive chairman of TransUnion.[25] In 2009, she co-founded Artemis Real Estate Partners LLC, a real estate investment management company, with Deborah Harmon.[26] In 2011, she founded an investment office, PSP Capital Partners.[12][27] Altogether, Pritzker started five companies before joining the federal government.[6]

Government and political involvement

Pritzker's friendship with Barack Obama and his family dates back to the 1990s when he was a professor at the University of Chicago.[1] Pritzker met Obama at a Chicago YMCA where her son participated in a basketball program coached by Obama's brother-in-law Craig Robinson.[6][28] Obama and his family were frequent guests at Pritzker's Lake Michigan vacation home.[1][29]

Pritzker was an early supporter of Obama's political career, helping to finance his 2004 Senate campaign. Early in the Democratic presidential primary, Pritzker's financing helped Obama's candidacy survive when Obama was trailing Hillary Clinton in the polls.[29] Pritzker remained a major fundraiser for Obama during the 2008 Democratic primary and raised millions overall for his White House bid.[1] She served as the national finance chair of Obama's 2008 presidential campaign.[30] Under her direction, the campaign reached out to small donors. Pritzker also hosted more lavish fundraisers as part of her effort to raise money.[31]

Following Obama's victory in the 2008 presidential election, CNN reported that Pritzker was president-elect Obama's top choice for Commerce Secretary.[32] However, Pritzker took herself out of the running.[33][34][35] According to the Chicago Tribune, she withdrew her name from consideration "due to obligations to her family, for whom she was still overseeing billions in assets, and the financial crisis, which was putting some of those assets at risk".[36] As a result of her public support for President Obama, Pritzker found herself the target of labor groups for Hyatt Hotels' practices. The president of Unite Here cited her connection to Obama as a reason why the group expected her to use better labor practices as the group staged demonstrations against Pritzker.[29]

Pritzker was a member of the President's Council on Jobs and Competitiveness. She also served on the President's Economic Recovery Advisory Board. Although she was less active in the 2012 Obama campaign than she had been four years prior,[29] she served as national co-chair of Obama for America 2012.[30] She was also on the board of directors of the Council on Foreign Relations,[37][38] a nonpartisan think tank focused on world affairs and U.S. foreign policy.

Secretary of Commerce

P050213CK-0051 (9097384658)
Pritzker with President Barack Obama and Mike Froman in the Oval Office, May 2, 2013
Secretary Pritzker Addresses International Media in Tokyo - Flickr - East Asia and Pacific Media Hub (2)
Secretary Pritzker addresses international media in Tokyo, October 21, 2014

Pritzker was nominated as United States Secretary of Commerce by President Barack Obama on May 2, 2013.[39][40] To avoid conflicts of interest, Pritzker agreed to sell her interest in at least 221 companies and resign from 158 entities, including the Hyatt Board of Directors and the Chicago Board of Education.[a][43][44][45] Later that month, on May 23, the Senate held its confirmation hearing, which covered a variety of topics. Although Pritzker's family business dealings had been a target of Republican criticism when Obama announced her nomination, only three questions at the hearing related to her family.[46] Pritzker was confirmed by the full Senate on June 25, by a vote of 97 to 1.[b][47] Pritzker was sworn in as Secretary on June 26, 2013.[48]

Among Pritzker's priorities was the Trans-Pacific Partnership (TPP), a proposed trade agreement that would have been the "largest regional trade agreement in history".[49] Pritzker supported the TPP as a way to provide market access to U.S. businesses and as a way for the U.S. to set the standards for trade.[49] Leading up the 2016 presidential election, in which both major party candidates openly opposed the TPP, Pritzker and other Obama officials continued to push for the TPP's passage in Congress.[50] Ultimately, Congress failed to pass the TPP bill.[51]

Pritzker named a Digital Economy Board of Advisors, which included tech industry CEOs and academics, to advise on policy. Pritzker also expanded the IP attache program, which helps the tech industry protect their intellectual property abroad.[52] As secretary, Pritzker also created the Commerce Data Advisory Council to identify priorities for the Department of Commerce, a prolific publisher of data intended to allow businesses to plan and innovate.[53] Pritzker served as the lead negotiator for the United States in the E.U.–U.S. Privacy Shield, an agreement governing how companies transfer digital data from Europe to the United States.[54]

Following President Obama's announcement that the United States would move towards normalizing relations with Cuba, Pritzker traveled to Cuba.[55] Although Obama's change in policy did not end the U.S. trade embargo, since ending the embargo required an act of Congress, Pritzker met with Cuban trade ministers and other officials to discuss the changing relationship between the two countries and to lay the groundwork for more economic involvement.[55][56]

Following her tenure as Secretary, Pritzker returned to PSP and the private sector.[51]

Civic and philanthropic activities

Pritzker is involved in public education. She was a member of the Chicago Board of Education and is past chair of the Chicago Public Education Fund.[57] Pritzker was elected to a six-year term on the Harvard Board of Overseers in 2002.[9] In 2018, she was elected a Fellow of the Harvard Corporation, which oversees Harvard College.[58] Pritzker was Advisory Board Chair of Skills for America's Future (SAF), a policy initiative of the Aspen Institute.[59] Pritzker is a former chair of the Museum of Contemporary Art, Chicago.[60]

Pritzker and her husband, Bryan Traubert, have their own foundation called the Pritzker Traubert Family Foundation. The foundation focuses on physical activity for young people.[61] Among their initiatives were a $5 million donation to converting grass soccer fields to easier-to-maintain turf and a $1 million donation to repair tennis courts around Chicago.[62] The Pritzkers also established ChicagoRun, a program that prepares Chicago-area children to run their first 5k race.[61]

In 2012 Chicago magazine named her one of the 100 most powerful Chicagoans.[63] On March 26, 2014, Elle honored Pritzker, with others, at the Italian Embassy in the United States during its annual "Women in Washington Power List".[64]

In February 2018, Pritzker was elected to succeed Harvey V. Fineberg as chairperson of the Carnegie Endowment for International Peace, taking effect May 2018.[65]

Personal life

In the 1980s, Pritzker completed her first Ironman Triathlon in Hawaii. Pritzker trained for six months and ultimately finished the race in 12 hours. In addition to competing in triathlons, Pritzker has also run marathons. Pritzker is married to ophthalmologist Bryan Traubert, with whom she has two children.[1] Although her relationship with her brothers became strained following the family business restructuring, they eventually reconciled, and Penny expressed support for the idea of younger brother J. B. running for office in 2017.[1][66]

See also

Notes

  1. ^ In November 2017, the International Consortium of Investigative Journalism released the "Paradise Papers," documents related to offshore services and tax havens, and alleged that Pritzker transferred her shares of two of her holdings to her children rather than selling them, as she had indicated on ethics forms.[41][42] Pritzker responded with a statement saying that she had complied with the rules and regulations of the Office of Government Ethics regarding her holdings and divestitures.[42]
  2. ^ Senator Bernie Sanders, an Independent caucusing with the Democrats, was the lone vote against Pritzker's confirmation.[47]

References

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External links

Political offices
Preceded by
Rebecca Blank
United States Secretary of Commerce
2013–2017
Succeeded by
Wilbur Ross
Cameron Kerry

Cameron Forbes Kerry (born September 6, 1950) is an American politician who served as general counsel of the U.S. Department of Commerce. He is the younger brother and political confidant of John Kerry, former Massachusetts Senator, 2004 presidential nominee, and former U.S. Secretary of State.Kerry was appointed Acting United States Secretary of Commerce on June 1, 2013, and resumed his position as general counsel on June 26, 2013, when Penny Pritzker was sworn in as the 38th Secretary of Commerce. As the General Counsel of the Department of Commerce, Kerry was the principal legal advisor to the Secretary of Commerce and third-ranking secretarial officer. He resigned his position on September 4, 2013.

Carnegie Endowment for International Peace

The Carnegie Endowment for International Peace (CEIP) is a foreign-policy think tank with centers in Washington D.C., Moscow, Beirut, Beijing, Brussels, and New Delhi. The organization describes itself as being dedicated to advancing cooperation between nations and promoting active international engagement by the United States. Founded in 1910 by Andrew Carnegie, its work is not formally associated with any political party of the United States.

In the University of Pennsylvania's 2015 Global Go To Think Tanks Report, Carnegie is ranked the third most influential think tank in the world, after the Brookings Institution and Chatham House.Its headquarters building, prominently located on the Embassy Row section of Massachusetts Avenue, was completed in 1989 on a design by architecture firm Smith, Hinchman & Grylls. It also hosts the embassy of Papua New Guinea in the U.S.

The Chairperson of Carnegie's Board of Trustees is former U.S. Secretary of Commerce Penny Pritzker, and the organization's President is former U.S. Deputy Secretary of State William J. Burns.

Denis McDonough

Denis Richard McDonough (born December 2, 1969) was the 26th White House Chief of Staff, succeeding Jack Lew at the start of U.S. President Barack Obama's second term.

Donald Pritzker

Donald N. Pritzker (October 31, 1932 – May 6, 1972) was an American entrepreneur, businessman, and member of the wealthy Pritzker family.

Eduardo C. Leite

Eduardo C. Leite is Chairman Emeritus of Baker & McKenzie, one of the world’s largest law firms. He has been a Baker & McKenzie partner since 1986 and is an M&A lawyer with a background in energy and infrastructure projects. Prior to being elected Chairman in 2010, Eduardo was the managing partner of the Firm's four offices in Brazil and led the Global Energy, Mining & Infrastructure Industry Group.

Leite was born in Uruguay and educated at University of São Paulo, where he studied Law, and joined Baker & McKenzie in 1979.The World Economic Forum invited Eduardo to serve as Co-Chair of the 2015 Latin America event to be held in Riviera Maya, Mexico from May 6 to May 8. His appointment marks the first time the leader of a global law firm has served as a Co-Chair of a Forum meeting. Similarly, Leite became the first member of a law firm to be appointed to the US-Brazil CEO Forum in 2013 and in September 2015 U.S. Secretary of Commerce Penny Pritzker announced him as the new chair of the US section of this forum, leading efforts in strengthening commercial ties between the two countries.

Give Them 20

Give Them 20 is a social media campaign encouraging Americans to thank veterans for their service and was launched in May 2015 by American Corporate Partners, a 501(c)(3) non-profit organization that works with United States veterans in their transition from the military to the civilian world.

The campaign encourages Americans to “Thank them, Salute Them, Give Them 20” by posting videos on social media of themselves dedicating 20 push-ups, sit-ups, jumping jacks etc. to veterans using #givethem20. Participants also nominate their friends to join in and Give Them 20. Videos contributed to the campaign are featured on a website, GiveThem20.org.

Harvey V. Fineberg

Harvey Vernon Fineberg (born September 15, 1945) is an American physician. He is the president of the Gordon and Betty Moore Foundation and was formerly president of the Institute of Medicine (now National Academy of Medicine) from 2002 to 2014. He served as Provost of Harvard University from 1997 to 2001, following thirteen years as Dean of the Harvard School of Public Health (now Harvard Chan School of Public Health). He has devoted most of his academic career to the fields of health policy and medical decision making. His past research has focused on the process of policy development and implementation, assessment of medical technology, evaluation and use of vaccines, and dissemination of medical innovations.

Dr. Fineberg helped found and served as president of the Society for Medical Decision Making and also served as consultant to the World Health Organization.

At the National Academies of Sciences, Engineering and Medicine, he has chaired and served on a number of panels dealing with health and science policy issues, including AIDS, vaccine safety, and reproducibility and replicability in scientific research. He has served as a member of the Public Health Council of Massachusetts (1976–1979), as chairman of the Health Care Technology Study Section of the National Center for Health Services Research (1982–1985), and as president of the Association of Schools of Public Health (1995–1996).

Dr. Fineberg is co-author of the books Clinical Decision Analysis, Innovators in Physician Education, and The Epidemic that Never Was, also published under the title The Swine Flu Affair, an analysis of the controversial federal immunization program against swine flu in 1976. He has co-edited several books on such diverse topics as AIDS prevention, vaccine safety, and understanding risk in society. He has also authored numerous articles published in professional journals. In 1988, he received the Joseph W. Mountin Prize from the Centers for Disease Control and the Wade Hampton Frost Prize from the Epidemiology Section of the American Public Health Association. Dr. Fineberg earned an A.B. in 1967 from Harvard College, an M.D. in 1971 from Harvard Medical School, a Master of Public Policy from the Kennedy School of Government in 1972, and a Ph.D. in Government from Harvard's Graduate School of Arts and Sciences in 1980.

Fineberg served his medical residency at Beth Israel Hospital, Boston, and was a fellow in Harvard's Society of Fellows. He worked as a practicing physician at two Boston-area health centers from 1974 to 1984. He taught at the Kennedy School of Government from 1973 to 1981, and served on the faculty at the Harvard School of Public Health from 1973 to 1984, when he became the school's dean.

He has served on the boards of a number of philanthropic organizations, including the William and Flora Hewlett Foundation, the Josiah Macy, Jr. Foundation, the François-Xavier Bagnoud Foundation (USA), and the China Medical Board.

On October 18, 2011 Columbia University's Mailman School of Public Health, awarded Dr. Fineberg the highest prize in public health—The Frank A. Calderon Prize in Public Health. He received another award from Academyhealth on June 8, 2014.

Fineberg is married to Dr. Mary E. Wilson, a noted expert in infectious diseases, travel medicine and global health and adjunct professor at Harvard School of Public Health and visiting professor at University of California, San Francisco. He is a member of the American Academy of Arts and Sciences and the American Philosophical Society.

From 2013 until 2018, Fineberg served as chairperson of the Carnegie Endowment for International Peace. He was succeeded by former U.S. secretary of commerce Penny Pritzker in May 2018.Fineberg has been awarded honorary degrees by a number of universities. On May 24, 2018, he was awarded the Doctor of Laws degree by Harvard University, his fifth Harvard degree.

John Bryson

John Edgar Bryson (born July 24, 1943) is the former United States Secretary of Commerce, the 37th person to hold the post since its establishment in 1913. Prior to this, he served as the Chairman, Chief Executive Officer and President of Edison International, the parent company of Southern California Edison and as director of The Boeing Company.

The Senate confirmed Bryson as Secretary of Commerce by a 74–26 vote on October 20, 2011. He was sworn in on October 21, 2011. Bryson took a leave of absence in June 2012 for medical tests due to seizures that were related to a hit and run. On June 21, 2012 Bryson resigned because, "the work that [Commerce employees] do to help America’s entrepreneurs and businesses build our economy and create jobs is more important now than ever and I have come to the conclusion that I need to step down to prevent distractions from this critical mission."

List of richest American politicians

This list of richest American politicians includes current and former office-holders and political appointees, and is not necessarily adjusted for inflation. Estimated wealth is at least $100 million in 2012 dollars, for all the people listed here. The amounts listed here do not necessarily pertain to the politicians' time in office (i.e. some of them may have gotten much richer later on, or lost their money before they ran for office).

Michael Froman

Michael Braverman Goodman Froman (born August 20, 1962) is an American lawyer who served as the U.S. Trade Representative from 2013 to 2017. He was Assistant to the President of the United States and Deputy National Security Advisor for International Economic Affairs, a position held jointly at the National Security Council and the National Economic Council. In that position he served as the United States sherpa to the G7, G8, and G20 summits of economic powers. On May 2, 2013 President Barack Obama nominated him to succeed Ambassador Ron Kirk as the U.S. Trade Representative. He was confirmed on June 19, 2013.

Michelle K. Lee

Michelle Kwok Lee (born 1965 in Santa Clara, California) is the former Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO).

Penny (given name)

Penny is the given name of:

Penny Cook (born 1957-2018), Australian actress, writer and presenter

Penny Coomes (born 1989), English ice dancer

Penny Fuller (born 1940), American actress

Penny Hamilton (born 1948), American pilot

Penny Hammel (born 1962), American golfer

Penny Johnson Jerald (born 1961), American actress

Penny Lancaster (born 1971), English model and photographer, wife of Rod Stewart

Penny LaRocque (born c. 1943), Canadian retired curler

Penny Marshall (1943–2018), American actress/director

Penny McCoy (born 1949), American alpine skier

Penny Priddy (born 1944), Canadian politician

Penny Pritzker (born 1959), American businesswoman, civic leader and philanthropist

Penny Pulz (born 1953), Australian golfer

Penny Tai (born 1978), Malaysian-Chinese singer

Penny Vincenzi (1939-2018), British novelist

Penny Wolin (born 1953), American portrait photographer and visual anthropologist

Penny Woolcock (born 1950), British filmmaker, opera director and screenwriter

Pritzker family

The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America, being near the top of Forbes magazine's "America's Richest Families" list since the magazine began listings in 1982.

The family owns the Hyatt hotel chain, and owned the Marmon Group, a conglomerate of manufacturing and industrial service companies that has since been sold to Berkshire Hathaway. Other holdings have included the Superior Bank of Chicago, which collapsed in 2001, the TransUnion credit bureau, Braniff airlines, McCall's magazine, and the Royal Caribbean cruise line. The company of the family Pritzker Group was the second largest contributor to the Clinton Campaign in 2016.The Pritzker family is of Jewish descent and based in Chicago, Illinois.

The Parking Spot

The Parking Spot is an off airport parking company based in Chicago, Illinois. Founded in 1998 by Martin Nesbitt with initial backing by Penny Pritzker, The Parking Spot was sold in 2011 for $360 Million to Lake Forest-based private equity group Green Courte Partners LLC. According to The Parking Spot's website, as of May, 2016, the company has 38 locations at 21 airports.

USS Cincinnati (LCS-20)

USS Cincinnati (LCS-20) is an Independence-class littoral combat ship of the United States Navy. She is the fifth ship to be named for Cincinnati, Ohio.Cincinnati is currently being built in Mobile, Alabama by Austal USA. She was christened on May 7, 2018 by former Secretary of Commerce Penny Pritzker.She has been assigned to Littoral Combat Ship Squadron One.

United States Secretary of Commerce

The United States Secretary of Commerce (SecCom) is the head of the United States Department of Commerce. The Secretary is appointed by the President of the United States with the advice and consent of the United States Senate and serves in the President's Cabinet. The Secretary is concerned with promoting American businesses and industries; the Department states its mission to be "to foster, promote, and develop the foreign and domestic commerce".Until 1913 there was one Secretary of Commerce and Labor, uniting this department with the Department of Labor, which is now headed by a separate Secretary of Labor.The current Commerce Secretary is Wilbur Ross, who was nominated by President Donald Trump and approved by the Senate on February 28, 2017.

Vi Senior Living, Classic Residence

Vi (formerly known as Classic Residence by Hyatt) is a national developer, owner and manager of high-end retirement communities across the United States. It is a privately held corporation founded in 1987 by its former Chairman, Penny Pritzker. As of September 2012, the company houses over 4,000 residents and employed 2,621 workers. Senior Housing Properties Trust purchased Vi's rental portfolio in December 2011.After serving for 25 years, Pritzker left Vi in early January, 2012, to focus on her new investment firm. Pritzker family business interests continue to own the company.Vi is a distinct business entity from Hyatt hotels and Global Hyatt Corporation.

Worldview (radio show)

Worldview is WBEZ's daily global issues talk radio show, hosted by Jerome McDonnell. The show features long-form interviews about how race, ethnicity, gender, identity, the environment, religion, politics, and economics drive and shape the news. It also brings in experts to discuss international news from a local perspective, and draws local connections. The show heavily features arts, activism, and social movements in Chicago.

The show has several regular series, including the Thursday "Global Activism" segment in which Midwesterners involved in international advocacy are interviewed. On Fridays, the show usually features suggestions for global-themed events in Chicago, and film reviews from Milos Stehlik, director and founder of Facets Multi-Media.

Notable guests have included President Jimmy Carter, the 14th Dalai Lama, UN Secretary-General Kofi Annan, United States Secretary of State Condoleezza Rice, Nobel Prize Winner Muhammad Yunus, Canadian Foreign Minister and journalist Chrystia Freeland, Activists Oscar López Rivera, Dallas Goldtooth, United States Secretary of Commerce Penny Pritzker, Academics M. Cherif Bassiouni, Rashid Khalidi, Arnold Gundersen, Reza Aslan, Juan Cole, Stephen Walt, Timothy Garton Ash, Timothy Snyder, Journalists Anne Applebaum, Masha Gessen, Franklin Foer, Steve Clemons, Yasmin Nair, Glenn Greenwald, Jeremy Scahill, Actor Kevin Spacey, Musician Issa Boulos, Joseph Cirincione, Imam Abdul Malik Mujahid and more.

Worldview has several recurring local partnerships, including with the Chicago Council on Global Affairs, the Chicago Community Trust, Chicago Cultural Alliance, Chicago Fair Trade, Facets Multi-Media, the Morton Arboretum, the Pozen Family Center for Human Rights at the University of Chicago, Chicago Sister Cities International, and more.

Worldview airs at noon, CT (UTC-6), Monday through Friday.

Young Presidents' Organization

YPO (formerly Young Presidents' Organization) is a global network of young chief executives with approximately 27,000 members in more than 130 countries, according to the organization's 2016 YPO International Fact Sheet.

Secretaries of Commerce and Labor
Secretaries of Commerce
Cabinet of President Barack Obama (2009–2017)

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