Former Treasury chief nixed BlackRock offer
Sorry, Larry Fink.
Former Tš§øreasury Secretary Tim Geithner passšed up a chance to work at mega-fund manager BlackRock, according to sources.
Geithner, who has landed a plum privatš·e-equity gig with Warburg Pincus, opted against joining CEO Finkās BlackRock ā with $4 trillion in assets under management ā because he wanted to have a more involved role with any company he ended up joining.
āI donāt think [Geithnš»er] wanted to be someoneās arm candy,ā said one sourceį©į©į©į©į©į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©š±į©į©į© familiar with the situation.
Sources said Geithner appreciated the fact that Warburgās top offiź§ cials consisted of ātalented guys with no bigš° egos.ā
Geithner is set to join Warburg in March, where he will be president and maš¦naging dirš °ector.
One industry pląµ²ayer says the former Obama appointee, who helped engineer the marketās response to the 2008 financial crisis, thinks he has room to grow at Warburgš§.
āWarburg Pincus has an excellent record of pšerformance, a very compelling global strategy and an ethical reputatioš³n of the highest regard,ā Geithner has commented publicly.