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Mark A. Weinberger
Born
(1961-07-28) July 28, 1961 (age 63)

Scranton, Pennsylvania, U.S.
NationalityAmerican
Alma materEmory University (1983)
Case Western Reserve University (1987)
Georgetown University Law Center (1991)
Occupation(s)Global Chairman and CEO of EY
PredecessorJim Turley
Children4

Mark A. Weinberger (born July 28, 1961) is an American businessman. He is the global Chairman and CEO of EY, formerly known as Ernst & Young.[1][2] Weinberger has also held several posts in the public sector in Washington, D.C., including time as Assistant Secretary of the Treasury for Tax Policy.

Early life and education

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Mark Weinberger was born in Scranton, Pennsylvania. He graduated from Wyoming Seminary, a Methodist college preparatory school Kingston, Pennsylvania, in 1979.[3][4] He received a Bachelor of Arts from Emory University in Atlanta, Georgia in 1983.[4][5] In 1987, he earned a Master of Business Administration and Juris Doctor from Case Western Reserve University in Cleveland, Ohio, followed by a Master of Law from Georgetown University Law Center in Washington, D.C. in 1991.[4][6][7]

Career

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Following his studies at Case Western Reserve University, Weinberger joined EY's tax department in 1987.[8][9] He later moved from the private sector to the public sector, becoming tax counsel for Sen. John C. Danforth, a Republican from Missouri. He maintained that post through the early 1990s before becoming chief of staff for the 1994 Entitlement and Tax Reform Committee, which had recommended raising the retirement age for Social Security recipients, increasing premiums for Medicare and restricting tax deductions for interest on home mortgages.[10][11][12]

Weinberger co-founded Washington Counsel, P.C., in 1996.[9] EY acquired the firm in May 2000, which was renamed Washington Council Ernst & Young.[13] From then until February 2001 Weinberger ran EY's national tax department.[9]

In late 2000 and early 2001, two U.S. presidents tapped Weinberger to return to the public sector. In 2000, President Bill Clinton appointed Weinberger to the Social Security Advisory Board.[9] Weinberger left EY's national tax department in February 2001 to serve as President George W. Bush's Assistant Secretary of the Treasury for Tax Policy.[9][10] Weinberger left the United States Treasury Department in April 2002[14] and joined EY again. Prior to being chosen as EY's global chairman and CEO, he served as EY's global vice chair—tax and Americas vice chair—tax.[15][16][17]

EY announced in January 2012 that Weinberger would succeed retiring CEO Jim Turley by taking on the role of global chairman and CEO in July 2013.[18] Under Weinberger's leadership, EY announced in October 2015 its fastest growth since 2008.[19] A year later, EY reported record revenues of $29.6 billion.[20]

AT&T chairman and CEO Randall Stephenson named Weinberger chairman of the Business Roundtable's tax and fiscal policy committee in December 2014.[15] He serves on the 2016-2017 executive committee.[21] As president-elect, Donald Trump invited Weinberger and 15 other chief executives to join the President's Strategic and Policy Forum in December 2016, tasked with helping Trump establish an agenda that benefits the business community.[22][23] Additionally, he is a member of the boards of directors for Catalyst, American Council for Capital Formation, The Tax Council and The Bullis School; and the boards of trustees for Emory University and Case Western Reserve University.[16][24]

Weinberger has advocated for tax reform[25] and women in the workplace.[26] He has advocated for increased paid family leave, including paternity leave, and EY has extended its policy from 12 to 16 weeks,[27] and finding the right balance between fatherhood and work.[28] He has spoken at the Milken Institute, World Economic Forum in Davos, Switzerland, and Aspen Ideas Festival.[29][30][31][32] He has appeared on news programs, including those on CNBC and Fox Business, offering commentary on business and the economy.[33][34] He has been interviewed by The Wall Street Journal[35][36][37] and his writing has appeared in Financial Times and The Huffington Post, among others.[38][39]

Honors and recognition

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The Anti-Defamation League presented Weinberger with its Achievement Award in December 2012.[40] In September 2015, Weinberger delivered the Robert S. Hatfield Fellow in Economic Education lecture at Cornell University.[41] In 2016, Weinberger was named among the best bosses in the UK, as voted for by their employees, with a 91-percent approval rating.[8] In 2016, Weinberger was ranked No. 14 on Glassdoor's Highest Rated CEOs list, with a 95-percent approval rating.[42]

Personal life

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Weinberger and his wife, Nancy, have four children.[17] He lives in Potomac, Maryland.[17]

References

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  1. ^ Rapoport, Michael (January 17, 2012). "Ernst Names Chairman and CEO". The Wall Street Journal. Retrieved June 25, 2013.
  2. ^ "Mark Weinberger – Ernst & Young Global Executive biography". Ernst & Young. Retrieved June 25, 2013.
  3. ^ Schillinger, Charles (19 July 2015). "People on the move, July 19, 2015". Scranton Times-Tribune. Retrieved 22 March 2017.
  4. ^ a b c Falchek, David (18 January 2012). "Company with 154,000 employees in 144 countries to be headed by Scranton man". The Citizens' Voice. Retrieved 22 March 2017.
  5. ^ "Famous alumni". Emory University. Retrieved 22 March 2017.
  6. ^ Dena Cipriano (8 May 2014). "Global chairman & CEO of EY to speak at commencement". Case Western Reserve University. Retrieved 22 March 2017.
  7. ^ "Alumni in the news". Georgetown University Law Center. Retrieved 22 March 2017.
  8. ^ a b "The best bosses in the UK 2016, voted for by their employees". The Daily Telegraph. 8 June 2016. Retrieved 22 March 2017.
  9. ^ a b c d e Freedberg, Sydney (17 March 2002). "Now he's the one making the tax rules". St. Petersburg Times. Retrieved 23 March 2017.
  10. ^ a b Adelman, Ken (1 April 2006). "Ernst & Young's Mark Weinberger talks taxes". Washingtonian. Retrieved 23 March 2017.
  11. ^ Rubin, Alissa J. (25 November 1997). "National perspective". Los Angeles Times. Retrieved 23 March 2017.
  12. ^ Pianin, Eric (6 December 1994). "Major cuts in tax breaks, benefits urged by entitlements panel staff". The Washington Post. Retrieved 23 March 2017.
  13. ^ Bredemeier, Kenneth (9 May 2000). "Ernst & Young buys D.C. lobbying firm". The Washington Post. Retrieved 23 March 2017.
  14. ^ Retter, Daphne (15 April 2002). "People on the move". Congressional Quarterly Daily Monitor. Retrieved 23 March 2017.
  15. ^ a b "Weinberger to drive Business Roundtable's tax work". International Tax Review. 2 December 2014. Retrieved 23 March 2017.
  16. ^ a b "Executive profile: Mark A. Weinberger". Bloomberg L.P. Retrieved 23 March 2017.
  17. ^ a b c "New at the top: Mark Weinberger". The Washington Post. 5 February 2012. Retrieved 22 March 2017.
  18. ^ Aubin, Dena (17 January 2012). "Ernst & Young names ex-U.S. Treasury official as CEO". Reuters. Retrieved 23 March 2017.
  19. ^ Agnew, Harriet (15 September 2015). "EY posts fastest global growth since 2008". Financial Times. Retrieved 23 March 2017.
  20. ^ Agnew, Harriet (6 October 2016). "EY reports record global revenues". Financial Times. Retrieved 23 March 2017.
  21. ^ "Executive committee". Business Roundtable. Retrieved 23 March 2017.
  22. ^ "Ernst & Young's CEO is 'optimistic' about a Trump presidency". Fortune. 5 December 2016. Retrieved 23 March 2017.
  23. ^ Krouse, Sarah (2 February 2017). "President Trump is turning to these 8 CEOSs on key business issues". The Wall Street Journal. Retrieved 27 March 2017.
  24. ^ "Current members". The Wall Street Journal. Retrieved 23 March 2017.
  25. ^ Giampia, Nick (3 February 2017). "EY CEO: We need tax reform this year". Fox Business. Retrieved 23 March 2017.
  26. ^ Luke Visconti (17 April 2014). "EY Global CEO Mark Weinberger: 'High-performance teams have to be diverse and inclusive'". diversityinc.com. Retrieved 23 March 2017.
  27. ^ Paquette, Danielle (19 June 2016). "Why men fear paternity leave". The Washington Post. Retrieved 23 March 2017.
  28. ^ Stampler, Laura (15 September 2014). "CEO dads open up about balancing fatherhood and work". Time. Retrieved 23 March 2017.
  29. ^ "Milken conference: elite's optimism fails to convince". Financial Times. 9 May 2016. Retrieved 23 March 2017.
  30. ^ Gilchrist, Karen (16 January 2017). "Educating Trump: EY CEO outlines advisory panel to aid president-elect across all industries". CNBC. Retrieved 23 March 2017.
  31. ^ "Weinberger: Banks in better shape than years ago". CNBC. Retrieved 23 March 2017.
  32. ^ Schaffler, Rhonda (8 July 2015). "Reducing income inequality is a pro-business idea, says EY CEO". TheStreet.com. Retrieved 23 March 2017.
  33. ^ "Weinberger: Tax reform was emphasized". CNBC. 3 February 2017. Retrieved 23 March 2017.
  34. ^ "EY CEO Weinberger: Trump's team wants to create more competitive tax system". Fox Business. 3 February 2017. Retrieved 23 March 2017.
  35. ^ Feintzeig, Rachel (12 March 2014). "Accounting CEO looks beyond China roadblock". The Wall Street Journal. Retrieved 29 March 2017.
  36. ^ Farrell, Maureen (28 April 2015). "Why Ernst & Young's CEO expects more M&A". The Wall Street Journal. Retrieved 29 March 2017.
  37. ^ Weber, Lauren; Feintzeig, Rachel (28 June 2016). "Big employers are urging calm after U.K. vote". The Wall Street Journal. Retrieved 29 March 2017.
  38. ^ Weinberger, Mark (7 June 2016). "Why entrepreneurs are essential to the global economy — EY". Financial Times. Retrieved 23 March 2017.
  39. ^ Weinberger, Mark (26 October 2016). "Protecting your seat at the family dinner table". The Huffington Post. Retrieved 23 March 2017.
  40. ^ Oryszczuk, Stephen (2 July 2013). "Weinberger becomes new Ernst & Young chief". Jewish News. Retrieved 22 March 2017.
  41. ^ "Mark Weinberger to give Hatfield lecture Sept. 17". Cornell Chronicle. 9 September 2015. Retrieved 22 March 2017.
  42. ^ "Highest rated CEOs". Glassdoor. 2016. Retrieved 22 March 2017.
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