Government officials often avoid conflicts between professional obligations and personal finances by divesting company stocks from their portfolios. So it comes as a surprise that, along with the standard mutual funds, Treasury Secretary Timothy Geithner owns a small amount of stock in yoga clothing retailer Lululemon...Turns out, he purchased less than $1,000 worth of shares a few years ago to teach his two children about the stock market, press aide Steve Adamske says. Geithner picked the company partly because of his now college-age daughter's interest in yoga—and as a hedge against her frequent Lululemon purchases, Adamske says. Additionally, Geithner owns $1,000 to $15,000 worth of IBM (IBM) stock, which he inherited. [BusinessWeek]
Let's Help Tim Geithner Name His Book
As you may have heard, Obama is apparently close to nominating Jack Lew for Treasury Secretary, giving Tim Geithner his late Christmas wish: a one-way ticket outta there. And while he's previously said to have no interest in writing about his time in Washington (and at the NY Fed before that), friends o' TG claim that his plan for the next year or so involve "a round of 'detox' and writing a book." Obviously we're still very far off from anything concrete but publishers will undoubtedly be banging down his door in no time and when they do, it might be nice to at least have a title to wet their palates. While Geithner packs his bags, let's do him a solid and come up with some options. The year spent sunning himself off the coast of Ko Samui (or puttering around Larchmont, or taking a job with the least amount of responsibility possible, whatever the detox entails) will presumably do wonders to take the edge of the last 48 months but if he's still in an angsty phase by the time he sits down to bang out his story, perhaps one of the following would work?