Jonathan Orszag Explained

Jonathan Marc Orszag is an American economist and former government official. He is a Senior Consultant at and Co-Founder of Compass Lexecon, LLC, an economic consulting firm. Until November 2023, he served as a Senior Managing Director at Compass Lexecon.[1] Orszag sold Compass (or Competition Policy Associates) 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.[2] During the Bill Clinton administration, Orszag served within the National Economic Council (NEC) as an economic policy advisor.[3]

Early life and education

Orszag is the son of Reba Karp, owner of a research and development company,[4] and Steven Orszag, a prominent mathematician and professor at Yale University.[5] He has two brothers, Michael Orszag and Peter Orszag, the former Director of the Office of Management and Budget.[6] Orszag's paternal great-grandparents were Jewish immigrants from Hungary who immigrated to New York City in 1903.[7] [8]

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.[9]

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.[10]

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.[11] From 2000 to 2003, the Governor of California appointed Orszag to both the California Workforce Investment Board and the Governor's Technology Advisory Group.[12] In 2004, Orszag was a commentator for The Wall Street Journal, writing on economic issues of note in the 2004 presidential election.[13]

Private sector

When Orszag left government, he founded Sebago Associates, the predecessor firm to Compass Lexecon, with his brother Peter Orszag. Orszag is currently a Senior Consultant at Compass Lexecon.[14] Orszag currently serves on the Academic and Regulatory Advisory Council for Coinbase One River Asset Management.[15]

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.[16] [17] [18] He's also served as an expert witness in the California matter, Hewlet-Packard Co. v Oracle Corp.[19]

Personal life

Orszag is married to entertainment journalist Mary Kitchen. The couple has three children.[20] Orszag serves on boards of the Friends of the Global Fight Against AIDS, Tuberculosis, and Malaria, and the Tiger Woods Foundation.[21] Orszag serves as a Trustee of The First Tee[22] and was formerly a senior fellow at the Center for American Progress.[23] He is also a member of the Good+ Foundation's Fatherhood Leadership Council.

Notes and References

  1. https://www.ft.com/content/4031e5ea-b8fa-416b-9c08-5ac1dc614e22
  2. Web site: Competition Economists . Who's Who Legal . April 1, 2016.
  3. Web site: NEC Staff. 2022-01-06. clintonwhitehouse2.archives.gov.
  4. https://www.nytimes.com/2010/09/26/fashion/weddings/26GOLODRYGA.html New York Times: "Bianna Golodryga, Peter R. Orszag"
  5. http://news.yale.edu/2011/05/02/memoriam-steven-alan-orszag Yale Bulletin: "In memoriam: Steven Alan Orszag"
  6. News: Connolly. Ceci. . 26 November 2008. Orszag Will Be Director of OMB: Position Expected to Have Broader Role. A3. The Washington Post. Washington Post. 2008-11-27.
  7. News: Orszag biography. University of St Andrews, Scotland. June 3, 2017.
  8. https://www.usnews.com/news/articles/2008/11/25/10-things-you-didnt-know-about-peter-orszag U.S. News & World Report: "10 Things You Didn’t Know About Peter Orszag" By Carol S. Hook
  9. Web site: Jonathan M. Orszag. Compass Lexecon.
  10. Web site: Jonathan M. Orszag. Compass Lexecon.
  11. Web site: Jonathan M. Orszag. Compass Lexecon.
  12. Web site: One River Digital Asset Management welcomes Jay Clayton, Kevin Hassett and Jon Orszag to newly formed Academic and Regulatory Advisory Council. 2021-09-24. www.yahoo.com. en-US.
  13. Web site: Jonathan M. Orszag. Compass Lexecon.
  14. Web site: Jonathan M. Orszag. 2021-09-24. Compass Lexecon. en-US.
  15. Web site: One River Asset Management.
  16. News: Economist Throws Weight Behind 37B Aetna Humana Deal. January 5, 2017. Law360. December 21, 2016.
  17. News: DOJ's Relevant Market Fails, Orszag Says. January 5, 2017. Global Competition Review. December 19, 2016.
  18. Web site: "Highlights" . Compass Lexecon . June 17, 2014.
  19. Web site: Expert Perspectives on Biggest Court Cases.
  20. http://www.atlanticbusinessmagazine.net/top-5-with-entertainment-journalist-mary-kitchen/ Atlantic Business Magazine: "Top 5 with Entertainment Journalist, Mary Kitchen" by Karen Moores
  21. Web site: Meet Our Board. 2021-09-24. Friends of The Global Fight. en-US.
  22. Web site: Leadership. 2021-09-24. First Tee. en-US.
  23. Web site: Jonathan Orszag. 2022-01-13. Friends of The Global Fight. en-US.