Former Xerox CEO Likely to Replace Summers
The Wall Street Journal reports:
Mr. Summers will be the third top economic official to leave the administration, following the president's first budget chief and his first Council of Economic Advisers chairman.
Two people familiar with the matter said the president is considering a senior corporate executive as a successor to lead the National Economic Council, answering criticism that the Obama administration lacks private-sector experience and is aloof from corporate America.
Former Xerox Corp. chief executive Anne Mulcahy quickly emerged as a leading candidate to replace Mr. Summers, though White House officials caution that no decisions have been made yet. A senior administration official confirmed that Ms. Mulcahy had dinner in Washington Friday evening with senior presidential adviser Valerie Jarrett. She is highly thought of within the administration, the official said, where she serves on the President's Economic Advisory Board.
A spokeswoman for Save the Children, where Ms. Mulcahy is chairman of the board of trustees, referred calls to Ms. Mulcahy's assistant. Calls to the assistant weren't returned.
Other candidates include Deputy National Economic Council Director Diana Farrell, who came to the White House from McKinsey & Company, and Laura Tyson, an economist at the University of California, Berkeley, who served in the Clinton administration as chair of the Council of Economic Advisers.
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