Wendy Lee Gramm


Wendy Lee Gramm

Wendy Lee Gramm (born 1945) is an American economist, currently the chairman of the Regulatory Studies Program at George Mason University's Mercatus Center, a free-market think tank based in Washington D.C. She is also the wife of former United States Senator Phil Gramm.

Wendy Lee Gramm was born in Hawaii and is of Korean and Hawaiian ancestry. She received a B.A. degree in economics from Wellesley College in 1966 and a Ph. D. in economics from Northwestern University in 1971. In her role at the Mercatus Center, Gramm generally calls for deregulation of the energy industry. Previously, Gramm held several positions in the Reagan Administration, including heading the Commodity Futures Trading Commission from 1988 to 1993. After a lobbying campaign from Enron, the CFTC exempted it from regulation in trading of energy derivatives. Subsequently, Gramm resigned from the CFTC and took a seat on the Enron Board of Directors and served on its Audit Committee. While on the board of directors she received donations from Enron to support the Mercatus Center.

After the Enron scandal, Gramm and the other directors of the energy company were named in several investor lawsuits, many of which have been settled. In particular, Gramm and other Enron directors agreed to an $168 million dollar settlement in a suit led by the University of California. As part of that settlement, the directors agreed to collectively pay $13 million to settle claims of insider trading. The remainder of the settlement was to be paid by insurance.

From 1985 to 1988, Gramm was head of the Office of Management and Budget's Office of Information and Regulatory Affairs (OIRA). In 2002, OIRA solicited public recommendations for regulatory reform. Mercatus made 44 recommendations.

Gramm also serves as chair of the Texas Public Policy Foundation and a director of the Independent Women's Forum, a conservative women's group. She has sat on the boards of Enron Corporation, Iowa Beef Processors, Invesco Funds, Longitude, the Chicago Mercantile Exchange, and State Farm Insurance Companies.

She has two sons: Jeff, who heads the indie-rock outfit Aden, and Marshall, a professor of economics at Rhodes College.

Ronald Reagan once said Gramm was "my favorite economist."

References

* [http://www.mercatus.org/people.php/35.html Wendy Gramm] , "Mercatus Center"
* [http://www.cleanairtrust.org/villain.0102.html Critical report] on Wendy Gramm from the Clean Air Trust, January 2002
* [http://www.universityofcalifornia.edu/news/2005/jan07.html UC press release on Enron settlement]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Lee - получить на Академике рабочий купон на скидку Летуаль или выгодно lee купить с бесплатной доставкой на распродаже в Летуаль

  • Gramm — may refer to:People*Gramm, aka Jan Jelinek, German musician, member of Farben, Gramm The Exposures *Lou Gramm (born 1950), musician with Foreigner band *Phil Gramm, American politician *Wendy Lee Gramm, think tank chairmanCompanies* Gramm,… …   Wikipedia

  • Phil Gramm — This article is about the American politician. For other persons of the same name, see Philip Graham (disambiguation). William Philip Gramm United States Senator from Texas In office January 3, 1985 …   Wikipedia

  • List of Korean Americans — The following is a list of Korean Americans who are famous, have made significant contributions to the American culture or society politically, artistically or scientifically, or have appeared in the news numerous times.ListArt and design* David… …   Wikipedia

  • Korean American — 한국계 미국인 韓國系美國人 Hangukgye Migukin …   Wikipedia

  • Independent Women's Forum — The Independent Women s Forum (IWF) is a conservative [ [http://www.oup.com/us/catalog/general/subject/CulturalStudies/WomensStudies/HistoryPoliticsSociety/?view=usa ci=9780195331813 Righting Feminism: Conservative Women and American Politics] by …   Wikipedia

  • Punahou School alumni — Shown below is a list of notable graduates, students who attended, and former faculty of Punahou School.: *indicates attended Punahou but did not graduate with senior class. Numerous athletic, educational, cultural, business, and government… …   Wikipedia

  • List of Northwestern alumni — The following is a list of notable alumni who attended Northwestern UniversityAcademia * Madeleine Wing Adler (B.A. 1962), President, West Chester University * Robert J. Alpern (B.A. 1972), Dean, Yale School of Medicine * Elijah Anderson (Ph.D.… …   Wikipedia

  • Punahou School — Location 1601 Punahou Street Honolulu, Hawaiʻi 96822 United States Information Type Private Preparatory Day (Primary …   Wikipedia

  • United States oil politics — About 40% of the energy consumed by the United States comes from oil [http://energy.cr.usgs.gov/energy/stats ctry/Stat1.html] . The United States, with about 5% of the world s population, is responsible for 25% of the world s oil consumption.… …   Wikipedia

  • BAFTA-Film-Award/Beste Hauptdarstellerin — Vivien Leigh – 1953 Beste britische Darstellerin für Endstation Sehnsucht BAFTA Film Award: Beste Hauptdarstellerin (Best Actress in a Leading Role) Gewinner und Nominierte in der Kategorie Beste Hauptdarstellerin (seit 1995 Best Actress in a… …   Deutsch Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.