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33-400: Ország or Orszag is a Hungarian surname. Notable people with the surname include: Jonathan Orszag (born 1973), American economist Lili Ország (1926–1978), Hungarian painter Peter R. Orszag (born 1968), American economist Steven Orszag (1943–2011), American mathematician [REDACTED] Surname list This page lists people with

66-770: A Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup . Prior to that, he was the 37th Director of the Office of Management and Budget (OMB) under President Barack Obama and had also been the Director of the Congressional Budget Office (CBO). Orszag is a member of the National Academy of Medicine of the National Academies of Sciences. He

99-747: Is currently a Senior Consultant at Compass Lexecon. Orszag currently serves on the Academic and Regulatory Advisory Council for Coinbase One River Asset Management. 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 ,

132-806: Is on the Boards of Directors of the Peterson Institute for International Economics , the Mount Sinai Hospital , and New Visions for Public Schools in New York. He has also been on the board of the Russell Sage Foundation . Orszag grew up in Lexington, Massachusetts , the son of Reba ( née Karp) and Steven Orszag . His paternal great-grandparents were Jewish immigrants from Hungary who immigrated to New York City in 1903. His father, Steven Orszag ,

165-565: Is the son of Reba Karp, owner of a research and development company, and Steven Orszag , a prominent mathematician and professor at Yale University . He has two brothers, Michael Orszag and Peter Orszag , the former Director of the Office of Management and Budget . Orszag's paternal great-grandparents were Jewish immigrants from Hungary who immigrated to New York City in 1903. 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

198-588: The Bilderberg Group conferences in 2010, 2011 and 2012. He was also a Distinguished Visiting Fellow at the Council on Foreign Relations and a contributing columnist for the New York Times op-ed page. In July 2010 Orszag said that "The problem now is weak growth and high unemployment rather than outright economic collapse". Still, the deficit would be equivalent to 10 percent of the gross domestic product ,

231-607: The Council of Economic Advisers (1995–1996) during the Clinton administration . After leaving the Clinton White House, he formed a consulting group called Sebago Associates, which merged into Competition Policy Associates and was bought by FTI Consulting Inc. for a reported $ 70 million in 2005. He has been a columnist at Bloomberg Opinion. Orszag was director of the Congressional Budget Office from January 2007 to November 2008. During his tenure, he repeatedly drew attention to

264-523: The Federal Reserve : Empirical and Theoretical Perspectives." He then received a M.Sc. (1992) and a Ph.D. (1997) in economics from the London School of Economics . His doctoral thesis was titled "Dynamic analysis of regime shifts under uncertainty: Applications to hyperinflation and privatization". He was a Marshall Scholar 1991–1992, and is a member of Phi Beta Kappa . Orszag became a lecturer at

297-624: The Microsoft / Yahoo! search deal, Siemens / Dresser-Rand , and Global Crossing / Level 3 . He's also served as an expert witness in the California matter, Hewlet-Packard Co. v Oracle Corp . Orszag is married to entertainment journalist Mary Kitchen. The couple has three children. Orszag serves on boards of the Friends of the Global Fight Against AIDS, Tuberculosis, and Malaria, and

330-660: The Tiger Woods Foundation . Orszag serves as a Trustee of The First Tee and was formerly a senior fellow at the Center for American Progress . He is also a member of the Good+ Foundation's Fatherhood Leadership Council. Peter R. Orszag Peter Richard Orszag (born December 16, 1968) is an American business executive and former government official. He is the chief executive officer (CEO) of Lazard . Announced as Lazard’s incoming CEO on May 26, 2023, he assumed

363-717: The University of California, Berkeley , and taught macroeconomics in 1999 and 2000. He then became a senior fellow and Deputy Director of Economic Studies at the Brookings Institution . In 2006 he co-founded and directed The Hamilton Project and was its first director. He was also director of the Pew Charitable Trust 's Retirement Security Project. He was Special Assistant to the President for Economic Policy (1997–1998), and as Senior Economist and Senior Adviser on

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396-811: The University of Oxford with an M.Sc. in economic and social history. 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

429-543: The surname Ország . If an internal link intending to refer to a specific person led you to this page, you may wish to change that link by adding the person's given name (s) to the link. Retrieved from " https://en.wikipedia.org/w/index.php?title=Ország&oldid=1247213507 " Categories : Surnames Hungarian-language surnames Hidden categories: Articles with short description Short description with empty Wikidata description All set index articles Jonathan Orszag Orszag

462-512: The CBO, he added 20 full-time health analysts (bringing the total number to 50), thereby strengthening the CBO's analytical capabilities and preparing Congress for health-care reform. He was widely praised for his time at CBO for preparing the agency for the debates to come. When he stepped down, National Journal noted that "Orszag, who will turn 40 on Dec. 16, has been praised by lawmakers from both parties as an objective analyst with deep knowledge of

495-482: The Financial Strategy and Solutions Group. According to New York Magazine in 2011, "for an ambitious economist like Peter Orszag, going to work for Citigroup represented a choice. As a young staffer working in the Clinton White House , he saw laid before him two different paths: Stiglitzism and Rubinism . There were both intellectual and career-arc components to these. While both are liberal Democrats, Rubin

528-544: The Lazard board in January 2024, when he also oversaw the board appointment of former  Ernst & Young  chairman Stephen R. Howe Jr. In mid 2024,  Bloomberg  reported that Orszag was eyeing the acquisition of firms particularly in the fields of private credit,  infrastructure, and real estate.   Orszag's first wife was Cameron Rachel Hamill. They had two children before divorcing. In 2009, he fathered

561-589: The White House made health reform its top legislative priority after enacting the $ 814 billion stimulus from the American Recovery and Reinvestment Act of 2009 . When Orszag resigned, the Progressive Policy Institute summed up his time in office: "For an administration numbers-cruncher, he was unusually visible, which was a good thing. With a reputation for impartiality and brilliance, Orszag gave

594-599: The administration at its best: a rigorous, pragmatic empiricist." After leaving the Obama administration, Orszag took a job with Citigroup in 2011. A 2011 article in New York Magazine suggested Citi's hiring of Orszag "signaled that Citi would be invested in the intellectual marketplace," and that "just about anyone will take the call of a former White House budget director." Orszag held two jobs at Citigroup : Vice Chairman of Corporate and Investment Banking and Chairman of

627-454: The administration's agenda analytical ballast. There will no doubt be efforts on the right to brush Orszag with the red ink that the administration finds itself swimming in, but that's politics as usual. Inheriting the worst economy since the 1930s, Orszag presided over the Herculean task of preventing a complete meltdown and setting the foundation for a recovery. In many ways, he's a reflection of

660-417: The arm of the White House responsible for crafting the federal budget and overseeing the effectiveness of federal programs. Orszag, in a November 2009 speech in New York, said that the national deficits, which were expected to add $ 9 trillion to the existing national debt of $ 12 trillion over the next decade, were "serious and ultimately unsustainable." He said that deficit spending was necessary to help boost

693-414: The economy when unemployment is hovering around 10 percent. But he said that red ink must be stopped as the economy recovers. During a recovery, private investment will again pick up and compete with the federal government for capital. In 2011, he was described by New York Magazine as a "deficit hawk and clashed with Larry Summers, who wasn’t as focused on the long-term debt crisis." He was invited to attend

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726-1045: The highest level since World War II . The Office of Management and Budget's mid-session review, forecast a smaller deficit and stronger economic growth than the administration's initial budget release. The deficit forecast in 2011 increased to $ 1.42 trillion, up from the $ 1.27 estimate in February. For 2012, the deficit estimate rose to $ 922 billion, up from $ 828 billion in the previous report. The annual budget shortfall would bottom out in 2017 at $ 721 billion, or 3.4 percent of GDP, and begin rising again in following years. A review of Orszag's daily schedules showed focus on healthcare reform as soon as he joined Obama's Cabinet . The daily schedules for Orszag, who left his position as OMB director in July 2010, reveal that he and key White House aides regularly met to discuss healthcare starting in January 2009, within days of Obama entering office. Orszag also had meetings with insurance executives and health experts as

759-431: The most pressing fiscal issues of the day, including health care policy, Social Security, pensions, and global climate change. He is the unusual economist who blends an understanding of politics, policy and communications in ways that wrap zesty quotes around complex ideas." On November 25, 2008, President-elect Barack Obama announced that Orszag would be his nominee for director of the Office of Management and Budget ,

792-448: The role on October 1, 2023, also joining the board. Prior to becoming Lazard CEO, Orszag was CEO of Lazard's Financial Advisory from April 2019 to September 2023. He was previously Head of North American Mergers & Acquisitions and Global Co-Head of Healthcare from July 2018 to June 2019. Orszag joined Lazard as Vice Chairman of Investment Banking in May 2016. Prior to Lazard, Orszag was

825-457: The role rising health care expenditures were likely to play in the government's long-term fiscal problems—and, by extension, the nation's long-term economic problems. "I have not viewed CBO's job as just to passively evaluate what Congress proposes, but rather to be an analytical resource. And part of that is to highlight things that are true and that people may not want to hear, including that we need to address health-care costs." During his time at

858-570: The role, he expanded  data analytics  and  AI  for the firm's banking and asset management businesses. After he was announced as the future CEO of Lazard in early 2023, in September 2023, Orszag said his aim as CEO would include doubling Lazard’s revenue by 2030. Orszag assumed the position of Lazard CEO on October 1, 2023. He announced plans in late 2023 to expand Lazard's managing directors by ten per year.  He recruited former  PayPal  CEO  Dan Schulman  to

891-522: The table with Charlie Rose ." While remaining Citigroup's Vice Chair of Corporate and Investment Banking as well as Chairman of Citigroup's Financial Strategy and Solutions Group, in 2015, he rejoined the Brookings Institution as a non-resident senior fellow of the Economic Studies program. In May 2016, Orszag joined Lazard as Vice Chairman of Investment Banking and Managing Director. He

924-603: The vice presidential debate. From 2000 to 2003, the Governor of California appointed Orszag to both the California Workforce Investment Board and the Governor's Technology Advisory Group. In 2004, Orszag was a commentator for The Wall Street Journal , writing on economic issues of note in the 2004 presidential election . When Orszag left government, he founded Sebago Associates, the predecessor firm to Compass Lexecon, with his brother Peter Orszag . Orszag

957-531: Was a math professor at Yale University and his mother was the president and owner of a research and development company. His brother is Jonathan Orszag , the Senior Managing Director of Compass Lexecon , LLC. After graduating from Phillips Exeter Academy with high honors (1987), Orszag earned an A.B. summa cum laude in economics from Princeton University in 1991 after completing an 80-page long senior thesis titled "Congressional Oversight of

990-616: Was an economic consultant to James Carville while he wrote the book We're Right, They're Wrong: A Handbook for Spirited Progressives. 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

1023-501: Was named Global Co-Head of Healthcare in July 2018, and subsequently Head of North American M&A. Before June 2019, he was the firm's Head of North American M&A and Global Co-Head of Healthcare. Orszag took over as CEO of Lazard's Financial Advisory in April 2019, overseeing the firm's advisory work for corporations and governments. He created Lazard Geopolitical Advisory in 2022 while CEO of Lazard's Financial Advisory. Also while in

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1056-507: Was the celebrated Yale math professor Steven Orszag . But Orszag possessed an ambition that would take him beyond the ivory tower. He ultimately chose Rubinism. It makes perfect sense that Orszag would have been drawn toward Rubin. It must have been incredibly seductive seeing this world, watching the Rubin wing of the Democratic Party move so easily from government to Wall Street boardrooms to

1089-513: Was the consummate insider, whose philosophy was that the free markets, balanced budgets, and limited regulation would create a rising tide that would lift all boats (or at least make Wall Street not complain too much about Clinton's social programs). Stiglitz, the public intellectual, is as concerned with the boats as with the tide. Orszag certainly had a lot in common with Stiglitz's academic mien, having grown up in an intensely intellectual family in Lexington, Massachusetts , outside Boston. His father

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