Prior to co-founding the technology investment firm, Genachowski spent time as chief counsel to ex-FCC chairman Reed Hundt and was also the chief of business operations at Internet company IAC/Interactive.
Earlier in his career Genachowski worked as a clerk to U.S. Supreme Court Justices David Souter and William J. Brennan, and was also on the staff of the Congressional committee investigating the Iran-Contra affair. The executive has a long-standing friendship with Obama dating back to their time together at Harvard Law School.
It has been rumored, however, that Genachowski is holding out for the FCC chairmanship.
Obama's transition team refused to discuss the timing of the president elect's CTO appointment or the possible candidates when contacted by TheStreet.com today.In the current climate, it is almost impossible to predict when the appointment will be made, as the CTO's appointment is taking a back seat to more pressing concerns. With the U.S. unemployment rate at a 16-year high, ongoing turmoil on Wall Street., and heightened tensions in the Middle East, it is no surprise that Obama has focused attention on his economic team, the SEC, and the State Department. "Putting together the economic team and giving them firm marching orders has to take priority these days," explained Braunstein. "It would be nice to have a CTO involved in some of that, but I don't think that it rises to the level of importance of some of the economic stuff."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV