This is what it’s about, people. Mending fences, not just between the White House and the business community but two former bros, neither of which want to be the one to make the first step towards rekindling what they had.

Former Commerce Secretary William Daley has been chosen by President Obama to become his chief of staff, according to media reports Thursday. Daley, who currently serves as Midwest chairman at J.P. Morgan Chase, will succeed Rahm Emanuel, who left in October to pursue the mayoral office in Chicago.

[via MarketWatch

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (12)

  1. Posted by the observer | January 6, 2011 at 6:29 PM

    If they don’t fill his role I will be only 36 levels away from JD.

    Optimistic back office douche

  2. Posted by B2B MD | January 6, 2011 at 6:35 PM

    The same WIlliam Daley who, as CEO of Ameritech, hired Rahm Emanuel as his investment banker on its sale to SBC? The trade netted Rahm a cool $12MM+ in only his second year in IB.

    Being a two time former WH insider is the O&NKI

  3. Posted by B2B MD | January 6, 2011 at 6:35 PM

    The same WIlliam Daley who, as CEO of Ameritech, hired Rahm Emanuel as his investment banker on its sale to SBC? The trade netted Rahm a cool $12MM+ in only his second year in IB.

    Being a two time former WH insider is the O&NKI

  4. Posted by Hillary | January 6, 2011 at 6:46 PM

    Don’t dare question my trading skills. I know the cattle market like I know carpet cleaning

  5. Posted by the realist | January 6, 2011 at 8:42 PM

    I bet you’re actually 9 levels away from the D.

    Realistic back office douche

  6. Posted by the realist | January 6, 2011 at 8:42 PM

    I bet you’re actually 9 levels away from the D.

    Realistic back office douche

  7. Posted by Guest | January 6, 2011 at 9:12 PM

    Job trade!

  8. Posted by Guest | January 6, 2011 at 11:30 PM

    you rang?

    -bill d

  9. Posted by Guest | January 6, 2011 at 11:30 PM

    I’m not sure what you’re getting at but I don’t think I like it.

    -WD

  10. Posted by Chris | January 7, 2011 at 10:03 PM

    Did all the Obama supporters realize he was such a criminal? Obama is all about the money. Where ever the money goes so goes Obama. I can’t believe people thought he was going to be for the little guy and tough on Wall Street.

  11. Posted by Bristol Airport Hotels | April 19, 2012 at 5:12 AM

    fIgvT1 Thanks again for the article post. Will read on…

  12. Posted by 640-554 iins | April 20, 2012 at 4:43 PM

    Major thanks for the article.Really thank you! Awesome.

Leave a comment

You can log in with your account or comment as a guest below.