William Daley to Join Third Way

Former Commerce Secretary, Gore 2000 Chair & Obama-Biden Transition Advisor joins Board of Trustees

July 16, 2010

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(Washington, DC) – Third Way announced today that William Daley—former US Secretary of Commerce, Chairman of the Gore 2000 campaign, advisor to the Obama-Biden transition, and Midwest Chairman of JPMorgan Chase—has joined Third Way’s Board of Trustees.

Daley joins a Board that includes Chairman Emeritus Bernard Schwartz (former Chairman and CEO of Loral Space & Communications), Chairman John Vogelstein (former president of Warburg Pincus and current Chairman of the NYC Ballet), Reynold Levy (president of the Lincoln Center), Joe Flom (co-founder of Skadden Aarps, featured in Malcolm Gladwell’s Outliers), Daniel Loeb (CEO of Third Point), Lieutenant General Claudia Kennedy (USA ret.), Thurgood Marshall, Jr. (former Secretary of the Cabinet for President Clinton) and Susan McCue (former Chief of Staff to Senate Majority Leader Harry Reid).

Secretary Daley said: “I believe in Third Way’s unique mission—advancing moderate ideas, challenging orthodoxies, and building a big tent political movement that can attract an enduring majority. Their views are right for both campaigning and governing: pro-market, strong on security, and seeking common ground on culture issues. Third Way is doing exactly the work that we must do—with the White House, Congress and statehouses—if we’re going to own the center of American politics and create the kind of pragmatic change the country wants.”

Mr. Daley continued: “We’ve really got to listen carefully to the public. Voters are not re-embracing conservative ideology. But we must acknowledge that the left’s agenda has not won the support of a majority of Americans—and, based on that recognition, we must steer a more moderate course. Third Way is playing a central role in helping us navigate that course.”

Jonathan Cowan, President of Third Way, said: “We are thrilled to have Secretary Daley become a Trustee and take on a leadership role with Third Way. There are few Americans with richer policy experience or a sharper political mind than Bill Daley. By joining Third Way, he is strengthening the voice of moderates and deepening our ability to advance a new generation of moderate ideas. We are honored that he has chosen to invest his time and intellectual energy into Third Way, and we’re excited about the impact his leadership will have.”

Third Way Board Chairman John Vogelstein added: “Bill will play a significant role in helping Third Way create and promote an economic growth agenda—reducing deficits, reforming entitlements, increasing exports, and driving investments in infrastructure and innovation. No one has better experience to bring to this task—as Commerce Secretary he oversaw a period of extraordinary economic prosperity, expanded trade and fiscal discipline.”

Mr. Daley currently serves as Midwest Chairman of JPMorgan Chase & Co. He sits on the board of Boeing Corporation, Abbott Laboratories, Northwestern University and is a member of the Council on Foreign Relations and the Chicago Council on Global Affairs.

In an opinion piece published in The Washington Post in late 2009, he warned of a rising popular dissatisfaction with the far left and noted that his party could “recover its political footing” by beginning “to steer a more moderate course on the key issues of the day, from health care to the economy to the environment to Afghanistan.”

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