William M. Daley
Template:Short description Template:Similar names Template:Multiple issues Template:Use mdy dates Template:Infobox officeholder William Michael Daley (born August 9, 1948) is an American politician who served as the 24th White House Chief of Staff from January 2011 to January 2012 under President Barack Obama.<ref name=":0">Template:Cite web</ref> Prior to this position, he served as the 32nd U.S. Secretary of Commerce from 1997 to 2000 under President Bill Clinton.<ref>Template:Cite web</ref> He was a candidate for Governor of Illinois in the 2014 gubernatorial election until leaving the race on September 16, 2013. He also ran in the 2019 Chicago mayoral election.<ref>Template:Cite web</ref> Daley is a former banker, having served on the executive committee of JPMorgan Chase & Co.<ref name=":0" /> He later worked as Vice Chairman of BNY Mellon from June through October 2019. From 2019 to 2023,<ref name="daleyappointed">Template:Cite web</ref><ref>Template:Cite news</ref> Daley served as the Vice Chairman of Public Affairs for Wells Fargo.<ref name="daleyappointed" /><ref name="officialsource" />
Early life and education
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Daley was born on August 9, 1948, in Chicago, the youngest of seven children born to Richard J. Daley, who served as the Mayor of Chicago from 1955 to 1976, and Eleanor "Sis" Daley.<ref name=luc.edu >Template:Cite journal</ref> He is the brother of former Illinois legislator John P. Daley and former Chicago mayor Richard M. Daley.<ref>Template:Cite web</ref>
He graduated from St. Ignatius College Prep<ref>Template:Cite web</ref> in 1966, with a B.A. degree from Loyola University Chicago and a J.D. degree from John Marshall Law School.<ref>Template:Cite news</ref>
Daley later accepted an honorary Doctor of Law degree from John Marshall Law School. He practiced law privately with the firm Daley and George, except for a three-year period between 1977 and 1980, during which he served on the Advisory Council of Economic Opportunity.<ref name=":0" />
Professional career
Daley became associated with the Amalgamated Bank of Chicago, where he was the first vice chairman from 1989 to 1990 and then president and chief operating officer from 1990 to 1993.<ref name=":2">Template:Cite web</ref> Daley returned to the practice of law as a partner with the firm Mayer, Brown & Platt<ref name=":1" /> from 1993 to 1997.
Daley was appointed to the board of Fannie Mae in 1993 by President Bill Clinton,<ref>Template:Cite web</ref><ref name="alter">Template:Cite web</ref> serving until 1997.
Daley was the U.S. Secretary of Commerce from 1997 to 2000. Running the 2000 census, he developed minority business development programs and oversaw a wide range of economic initiatives. Daley stepped down to run Al Gore's campaign for president in 2000.<ref>Template:Cite web</ref>
In December 2001, Daley was appointed to a newly created position as President of SBC Communications.<ref>New York Times, [1] Stephen Labaton, November 19, 2001</ref> In May 2004, Daley was appointed Midwest Chairman of JPMorgan Chase,<ref name=":0" /> following its acquisition of Bank One Corporation. In 2007, Daley was appointed as head of the Corporate Responsibility program, a position he held until 2010.<ref>Template:Cite web</ref> Daley formerly served on the Board of Directors of Boeing, Merck & Co., Boston Properties, and Loyola University Chicago. He is currently a trustee of Northwestern University and is a member of the Council on Foreign Relations. In 2010, he received the Chicago History Museum "Making History Award" for Distinction in Civic Leadership. In 2014, he joined Argentière Capital AG as a managing partner.<ref name=":1">Template:Cite web</ref>
On November 7, 2019, it was announced that Daley had been appointed to serve as head of Public Affairs at Wells Fargo, effective November 13, 2019, and would also serve as one of the company's Vice Chairmen.<ref>Template:Cite news</ref> His appointment went into effect as scheduled.<ref name=daleyappointed /><ref name=officialsource>Template:Cite web</ref>
Political career
Daley managed his brother Richard's campaign in the 1980 Cook County State's Attorney election, which Richard won.<ref>Template:Cite web</ref> This was the first election in which a family member of former mayor Richard J. Daley ran for Chicago or Cook County politics. William Daley continued to assist in his brother's political campaigns and governance during Richard's tenure as Mayor of Chicago.<ref>Template:Cite web</ref>
Clinton administration
In 1993, William M. Daley was appointed Special Counsel to President Bill Clinton. In this role, Daley took part in advocating for and securing the passage of the North American Free Trade Agreement (NAFTA).<ref>EXECUTIVE PROFILE: William M. Daley businessweek.com</ref><ref>Template:Cite web</ref> He coordinated efforts between the White House, members of Congress, and private industry to create bipartisan support for the agreement. His work on NAFTA included dealing with complex political landscapes, utilizing policy and negotiation.<ref>Template:Cite web</ref>
In 1997, Daley was appointed Secretary of Commerce by President Clinton, serving until the end of Clinton's second term in 2000. As Secretary of Commerce, Daley’s portfolio included U.S. exports, trade policy and public-private partnerships. In his position, he worked to create a competitive position in global markets through advocating for free trade policies and modernizing trade infrastructure.<ref>Template:Cite web</ref>
Presidential politics
Daley resigned as commerce secretary to become the general chairman of Vice President Al Gore's presidential campaign, replacing Tony Coelho.<ref>Template:Cite news</ref> He was portrayed in the HBO film Recount, about the Florida election recount of the 2000 presidential election, by actor Mitch Pileggi.<ref>Template:Cite AV media</ref>
During the 2008 Democratic presidential primaries, Daley supported Barack Obama. On November 5, 2008, Daley was named to the advisory board of the Obama-Biden Transition Project.<ref>Template:Cite news</ref>
Obama administration
On January 6, 2011, President Barack Obama named Daley as his next White House Chief of Staff, and he took office on January 13, 2011. Daley succeeded Rahm Emanuel, who served as chief of staff during the first two years of the president's term and left the position in October 2010 to run to succeed Daley's brother as Mayor of Chicago, and Pete Rouse, who was serving as the interim chief of staff.<ref>Template:Cite news</ref>
In March 2011, speaking for the Obama administration on Meet the Press, Daley said the administration would consider using the Strategic Petroleum Reserve if rising oil prices caused by Arab Spring threaten the U.S. economy. Daley said Obama "is very concerned; we're trying to look at all the possible options." He repeated the administration's stance that there is enough output capacity in the world to deal with any disruptions from Libya.<ref>Daley Says U.S. to Consider Using Oil Reserves as Prices Rise With Turmoil. Bloomberg.com. Retrieved on January 5, 2012.</ref>
Daley was photographed in the White House Situation Room photograph taken on May 1, 2011, by Pete Souza. Later in May 2011, he was part of the Presidential State Visit to the United Kingdom.<ref>Template:Cite web</ref>
In October 2011, Daley said that he planned to return home to Chicago after President Obama made it through his re-election. "I made a commitment to put the president through his re-election, which I'm confident he will do, and then my wife and I will be back in Chicago."<ref>Cohn, Alicia M. (October 11, 2011) "Daley plans to return to Chicago after election". The Hill. Retrieved on January 5, 2012.</ref>
On January 9, 2012, it was announced that Daley would resign as Obama's chief of staff.<ref>Template:Cite news</ref> Jack Lew was announced as his successor.
Post-Obama administration
Just after the 2012 presidential election, in the November 8, 2012, issue of the Chicago Tribune, Daley was reported as considering a run in the 2014 election for Governor of Illinois. Daley said "I've thought about it before and I don't take it off the table. I think right now, to be very frank with you, the last thing in the world anybody wants to hear about is a race that's two years down the road."<ref>Template:Cite news</ref>
Daley further was quoted as saying: "I'm not closing the door and, I know that sounds like a politician, but the fact of the matter is that these are tough days and I think there's a lot to be done by the Legislature. I don't think it helps right now for people to be out there saying they're going to run and they have a solution at this point. I think we've got to see what the Legislature does."<ref>Template:Cite web</ref>Template:Citation needed
2014 Illinois gubernatorial campaign
On June 10, 2013, Daley announced via YouTube that he would launch an exploratory committee to run for Governor of Illinois. On July 2, 2013, New York Mayor Michael Bloomberg endorsed Daley for governor. On July 30, 2013, Daley filed documents declaring himself an official candidate to challenge incumbent Governor Pat Quinn in the 2014 Democratic primary. On September 16, 2013, Daley made a surprise announcement that he was exiting the race due to the personal hardships inherent in running a campaign for elected office.<ref>Template:Cite news</ref>
After the election, Bill Daley served as co-chair of the transition team for the incoming Rauner Administration.<ref>Template:Cite web</ref>
In 2018, Daley served as the head of finances for the campaign of gubernatorial candidate Chris Kennedy.<ref>Template:Cite web</ref>
2019 Chicago mayoral campaign
Template:See also After two-term mayor Rahm Emanuel announced he would not seek reelection, it was reported on September 14, 2018, that Daley would run for mayor of Chicago.<ref>Mike Lowe. Bill Daley to run for Chicago mayor Template:Webarchive WGN-TV, September 14, 2018</ref>
Daley's candidacy made the 2019 election the fourteenth Chicago mayoral election in which a member of his family has been a candidate. His father won the 1955, 1959, 1963, 1967, 1971, and the 1975 elections. His brother won the 1989, 1991, 1995, 1999, 2003, and the 2007 elections, and was an unsuccessful candidate in the 1983 election. This means that a member of the Daley family participated in all but four of the eighteen Chicago mayoral elections held between 1955 and 2019 (with no member of the Daley family having run in the 1979, 1987, 2011, or the 2015 elections).
Among the positions Daley took was support of the city exploring the potential implementation of a commuter tax.<ref>Template:Cite web</ref> He also proposed reducing the size of the Chicago City Council from 50 members to 15.<ref>Template:Cite web</ref>
Daley was one of four mayoral candidates (alongside Gery Chico, Susana Mendoza, and Toni Preckwinkle) who had ties to Alderman Edward M. Burke, whose corruption scandal upended the race for mayor.<ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref name=thirddaley>Template:Cite web</ref> Some coverage described Daley’s ties as less extensive than those of the other three candidates and suggested that his campaign was less affected by the scandal.<ref name=thirddaley/>
Daley received support from some of the city's business community.<ref>Template:Cite web</ref>
Daley's campaign received endorsements from the editorial boards of the Chicago Tribune, Crain's Chicago Business, and The Chicago Crusader.<ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref>Template:Cite web</ref> He received the endorsement of Plumbers Local Union 130.<ref>Template:Cite web</ref> He also received endorsements from politicians Al Gore, Emil Jones, Joseph P. Kennedy II, and Bobby Rush.<ref>Template:Cite web</ref><ref>Template:Cite webTemplate:CbignoreTemplate:Dead YouTube link</ref><ref name="daley_kennedy_fundraising">Template:Cite web</ref><ref>Template:Cite web</ref>
Daley's campaign emphasized fundraising.<ref name=depaulia1>Template:Cite web</ref> Daley raised more money than his opponents. A financial contributor to Daley's campaign was Illinois billionaire Kenneth C. Griffin.<ref>Template:Cite web</ref> Griffin's financial support drew criticism because he had also been a major financial backer of the unsuccessful 2018 reelection campaign of Republican former Illinois governor Bruce Rauner.<ref name=depaulia1/>
Daley's strong fundraising enabled him to run highly visible advertising.<ref name=depaulia1/>
Daley ran a weaker field operation than some other candidates did.<ref name=urbanlegend>Template:Cite web</ref>
In the last several weeks of the campaign, Daley began to rise in the polls.<ref name=urbanlegend/> However, he also began to be the subject of attack ads run by the union-affiliated Fight Back for a Better Tomorrow Super PAC.<ref name=urbanlegend/> At the end of the election campaign, polls showed Daley having strong prospects of finishing near the top of the field.<ref name=thirddaley/>
Daley placed third in the election, failing to advance to the runoff. He won 82,294 votes, 14.78% the overall votes cast in the first round. The margin between him and second-place finisher Toni Preckwinkle was 7,049 votes.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>
Personal life
In 2010, Daley married Bernadette Keller.<ref name=":3">Template:Cite web</ref> Keller is an organ donor. She is a founding member and director of the Chicago Transplant Ethics Consortium.<ref>Template:Cite web</ref>
In 2006, Keller bought a 2,052-square-foot apartment in the Park Tower on North Michigan Avenue for $1.48 million. The couple sold the unit in 2015 for $1.4 million. They currently live in a four-bedroom condo on North Lake Shore Drive.<ref name=":3" />
He has four children, as of 2019, his three adult children and three granddaughters all live in Chicago.<ref name="daleyformayor.com">Template:Cite web</ref>
References
External links
- Daley for Mayor Template:Webarchive official campaign site
- Template:C-SPAN
- Profile at Forbes
- William Daley collected news and commentary at the Chicago Tribune
- Brother Bill: A Look at William Daley at Chicago Magazine, February 2005
- Obama Taps William Daley for Chief of Staff – video report by Democracy Now!
- Wall Street Journal – Why Obama Chose Bill Daley
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