Reply #3: Eeek..he looks like John Edwards, a little bit [View All]

[SoCalDem]

http://wordpress.com/tag/charles-millard/

Charles Millard gave the following as his credentials:

“I have had the chance to serve as a VISTA Volunteer in Crown Heights, Brooklyn, and as a Board member of the New York Urban League. In 1985, I worked in Chile for the Vicariate of Solidarity, a Santiago-based human rights organization. I have served as a New York City Councilman and was then appointed by Mayor Rudolph Giuliani to be the President of the New York City Economic Development Corporation (EDC) and Chairman of the New York City Industrial Development Agency. I also worked as a Legislative Assistant in the early 1980s for Congresswoman Millicent Fenwick of New Jersey.

“My work in New York as head of EDC is worth noting,” he explained, “because, like PBGC, EDC was created as a corporation to manage governmental programs that are principally business-like in nature, produce self-sustaining revenue, involve numerous negotiated transactions, and require greater budget and other flexibility than a traditional government agency.”

He continues to speak of his qualifications as a “Wall Street attorney representing large financial institutions” which, I suppose by default makes him qualified to handle the finances of one of the last economically stable retirement plans. Mr. Millard’s statement to the senators included his job as “Managing Director involved in investment banking, public finance and investment management with firms such as Lehman Brothers and Prudential Securities”.

His appointment was all but unnoticed until last February when he hatched a plan to retool the agency’s investments to get a better return. When the fiscal year ended for the agency in September, the results of that move was revealed.