William M. Daley
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William M. Daley
For other people with a similar name, see William Daley (disambiguation)

William M. Daley
William M. Daley official portrait.jpg
Official portrait, 2011
24th White House Chief of Staff

January 13, 2011 - January 27, 2012
PresidentBarack Obama
Rahm Emanuel
Jack Lew
32nd United States Secretary of Commerce

January 30, 1997 - July 19, 2000
PresidentBill Clinton
Mickey Kantor
Norman Mineta
Personal details
William Michael Daley

(1948-08-09) August 9, 1948 (age 72)
Chicago, Illinois, U.S.
Political partyDemocratic
Spouse(s)Bernadette Keller
RelativesDaley family
EducationLoyola University Chicago (BA)
John Marshall Law School (JD)

William Michael Daley (born August 9, 1948) is an American lawyer, politician and former banker.[1] He served as White House Chief of Staff to President Barack Obama, from January 2011 to January 2012.[2] He also served as U.S. Secretary of Commerce, from 1997 to 2000, under President Bill Clinton.[3] He has also served on the executive committee of JPMorgan Chase & Co.[2] Daley was a candidate for Governor of Illinois in the 2014 gubernatorial election, until dropping out of the race on September 16, 2013. He ran in the 2019 Chicago mayoral election[4] but came in third in the first-round voting, and did not advance to the runoff. He served as the Vice Chairman of BNY Mellon from June through October 2019. Since November 13, 2019,[5][6] Daley has served as the Vice Chairman of Public Affairs for Wells Fargo.[5][7]

Early life and education

He was born in Chicago, Illinois, the seventh and youngest child of the late Chicago Mayor Richard J. Daley and Eleanor "Sis" Daley. He is the brother of former Illinois legislator John P. Daley and former Chicago mayor Richard M. Daley.[8]

He graduated from St. Ignatius College Prep in 1966, with a B.A. degree from Loyola University Chicago, and a J.D. degree from John Marshall Law School.[9] Daley later accepted an honorary Doctor of Law degree from John Marshall Law School.[10] Except for a period from 1977 to 1980, during which time he sat on the Advisory Council of Economic Opportunity, he practiced law privately with the firm Daley and George.[2]

Professional career

He became associated with Amalgamated Bank of Chicago, where he was first vice chairman (1989-1990) and then president and chief operating officer (1990-1993).[10] Daley returned to the practice of law, as a partner with the firm Mayer, Brown & Platt[11] from 1993 to 1997.

Daley was appointed to the board of Fannie Mae in 1993 by President Bill Clinton,[12][13] serving until 1997.

Bill Daley was U.S. Secretary of Commerce from 1997-2000. Among other things, Secretary Daley helped usher in the age of E-commerce, ran the 2000 census, expanded minority business development programs, and oversaw a wide range of economic initiatives during one of the strongest economic periods in American history, adding an estimated 23 million jobs. Daley stepped down to run Al Gore's campaign for President in 2000.[14]

In December 2001, following his service as U.S. Secretary of Commerce under President Clinton, he was appointed to a newly created position as President of SBC Communications to help reform the company's image.[15] In May 2004, Daley was appointed Midwest Chairman of JPMorgan Chase,[2] 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.[16] 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 Argentiere Capital as a managing partner.[11]

Bill is married to Bernadette Keller. He has four children. Today,[when?] his three adult children and three grand-daughters all live in Chicago. Bill Daley has worked in law, telecommunications, finance and government.[14][dead link]

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 will also serve as one of the company's Vice Chairman.[17] His appointment went into effect as scheduled.[5][7]

Political career

Daley managed his brother Richard's successful campaign in the 1980 Cook County State's Attorney election.[18]

Clinton administration

In 1993, he served as Special Counsel to the President on issues relating to the passage of the North American Free Trade Agreement (NAFTA).[19]

Presidential politics

Daley resigned as commerce secretary to become general chairman of Vice President Al Gore's presidential campaign, replacing Tony Coelho.[20] He was portrayed in the HBO film Recount, about the Florida election recount of the 2000 presidential election, by actor Mitch Pileggi.

During the 2008 Democratic presidential primaries, Daley was a prominent supporter of Barack Obama. On November 5, 2008, Daley was named to the advisory board of the Obama-Biden Transition Project.[21]

Obama administration

President Obama welcomes Daley (left) as the new Chief of Staff in January 2011.

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.

In March 2011, speaking for the Obama administration on Meet the Press, Daley said the administration will 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.[22]

Daley, upper center-right, standing with the U.S. national security team gathered in the Situation Room to monitor the progress of Operation Neptune Spear.

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.[23]

In October 2011, Daley said 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."[24]

On January 9, 2012, it was announced that Daley would resign as Obama's Chief of Staff.[25]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." 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."[]

2014 Illinois gubernatorial campaign

Logo from Daley's gubernatorial campaign effort

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.[26]

After the election, Bill Daley served as co-chair of the transition team for the incoming Rauner Administration.[27]

In 2018, Daley served as the head of finances for the campaign of gubernatorial candidate Chris Kennedy.[28]

2019 Chicago mayoral campaign

Mayoral campaign logo

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.[29]

Daley's candidacy made the 2019 election the fourteenth Chicago mayoral election in which a member of his family has been a candidate. William's father won the 1955, 1959, 1963, 1967, 1971, and 1975 elections. His brother won the 1989, 1991, 1995, 1999, 2003, 2007, 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 2015 elections).

Among the positions Daley took was support of the city exploring the potential implementation of a commuter tax.[30] He also proposed reducing the size of the Chicago City Council from 50 members to 15.[31]

Daley was one of four mayoral candidates (alongside Gery Chico, Susana Mendoza, and Toni Preckwinkle) that had ties to Alderman Edward M. Burke, whose corruption scandal upended the race for mayor.[32][33][34][35] However, Daley's ties were weaker than the other three, and thus, he was perceived to have suffered the least amount of damage from the scandal of the four.[35]

Daley carried support from the city's business community.[36]

Daley's campaign placed an emphasis on fundraising.[37] Daley vastly out-fundraised his opponents. A significant financial contributor to Daley's campaign was Illinois billionaire Kenneth C. Griffin.[38] Griffin's financial support of Daley's campaign proved controversial for Daley, largely because Griffin had also been a major financial backer of the failed 2018 reelection campaign of Republican former Illinois governor Bruce Rauner.[37]

Daley's strong fundraising enabled him to run highly visible advertising.[37]

Daley ran a weaker field operation than some other candidates did.[39]

In the last several weeks of the campaign, Daley began to rise in the polls.[39] However, he also began to be the subject of attack ads run by the union-affiliated Fight Back for a Better Tomorrow Super PAC.[39] At the end of the election campaign, polls showed Daley having strong prospects of finishing near the top of the field.[35]

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.[40][41]


  1. ^ "Washingtonpost.com: Politics - The Administration, William M. Daley". The Washington Post. December 15, 1999. Retrieved 2008.
  2. ^ a b c d "William Daley". CSIS.org. Retrieved 2018.
  3. ^ "William M. Daley, The Chicago Community Trust". The Chicago Community Trust. Retrieved 2018.
  4. ^ "Bill Daley on bid to replace Emanuel: 'To be mayor, that would be the greatest'". Chicago Sun-Times. Retrieved 2018.
  5. ^ a b c https://www.moneytaskforce.com/banking/wells-fargo-hires-william-daley-as-vice-chairman-of-public-affairs/
  6. ^ "Wells Fargo Names William M. Daley Vice Chairman of Public Affairs". Business Wire. November 7, 2019. Retrieved 2019.
  7. ^ a b https://www.wellsfargo.com/about/corporate/governance/daley/
  8. ^ Ruthhart, Bill. "Bill Daley, whose brother and father ran Chicago for 43 years, backs a term limit for mayor". chicagotribune.com. Retrieved 2018.
  9. ^ "William M. Daley Commerce Secretary". Washington Post. December 15, 1999. Retrieved 2013.
  10. ^ a b "William M. Daley". Washingtonpost.com. Retrieved 2018.
  11. ^ a b "Executive Profile-William M. Daley". Bloomberg. Retrieved 2018.
  12. ^ Shafer, Jack (September 16, 2008). "Fannie Mae and the Vast Bipartisan Conspiracy". Slate.
  13. ^ Alter, Jonathan (January 7, 2011). "Bill Daley's Real Agenda: Obama's Reelection". Daily Beast. Retrieved 2011.
  14. ^ a b https://daleyformayor.com/about
  15. ^ New York Times, [1] Stephen Labaton, November 19, 2001
  16. ^ "Leadership Team" (PDF). JPMorgan Chase. 2007.
  17. ^ "Wells Fargo taps Bill Daley, former White House official, head of public affairs". Reuters. November 7, 2019. Retrieved 2019.
  18. ^ Royko, Mike (October 23, 1980). "The Vidette 23 October 1980 -- The Vidette Digital Archives". videttearchive.ilstu.edu. Retrieved 2020.
  19. ^ EXECUTIVE PROFILE: William M. Daley businessweek.com
  20. ^ West, Paul (June 16, 2000). "Another shake-up for Gore's campaign". The Baltimore Sun.
  21. ^ Sweet, Lynn (November 5, 2008). "Jarrett, Podesta, Rouse to lead Obama transition; Bill Daley co-chair". Chicago Sun-Times. Archived from the original on December 10, 2008.
  22. ^ Daley Says U.S. to Consider Using Oil Reserves as Prices Rise With Turmoil. Bloomberg.com. Retrieved on January 5, 2012.
  23. ^ "US State Visit, 24 to 26 May 2011 Guest List". Royal Family official website.
  24. ^ Cohn, Alicia M. (October 11, 2011) "Daley plans to return to Chicago after election". The Hill. Retrieved on January 5, 2012.
  25. ^ Parsons, Christi (January 9, 2012). "William Daley to step down as Obama's chief of staff". Los Angeles Times. Retrieved 2012.
  26. ^ Pearson, Rick; Secter, Bob (September 16, 2013). "Bill Daley drops bid for governor". Chicago Tribune. Retrieved 2013.
  27. ^ https://www.chicagotribune.com/news/local/politics/ct-met-dark-money-ad-bill-daley-20190220-story.html
  28. ^ https://capitolfax.com/2019/02/01/mayoral-race-odd-couples/
  29. ^ Mike Lowe. Bill Daley to run for Chicago mayor WGN-TV, September 14, 2018
  30. ^ Ruthhart, Bill (November 29, 2018). "Mayoral candidate Bill Daley says Chicago should consider a commuter tax". chicagotribune.com. Chicago Tribune. Retrieved 2020.
  31. ^ Ruthhart, Bill (January 7, 2020). "Bill Daley: Shrink Chicago City Council from 50 aldermen to 15". chicagotribune.com. Chicago Tribune. Retrieved 2020.
  32. ^ "Will Toni Preckwinkle's woes boost Susana Mendoza in mayoral race?". Chicago Reporter. January 9, 2019. Retrieved 2019.
  33. ^ Konkol, Mark (January 29, 2019). "Mayoral Candidate Susana Mendoza Can't Be Taken Seriously Anymore". Patch. Retrieved 2019.
  34. ^ "Chicago: Political corruption charges shadow mayor's race". Usatoday.com. Archived from the original on March 27, 2019. Retrieved 2019.
  35. ^ a b c Madhani, Aamer (February 25, 2019). "Will Chicago elect a third Mayor Daley? It's starting to look like a distinct possibility". USA Today. Retrieved 2019.
  36. ^ Korecki, Natasha; Kapos, Shia (February 24, 2019). "Rahm's retirement sets off wild Chicago scramble". Politico. Retrieved 2019.
  37. ^ a b c Garner, Madi (February 18, 2019). "Bill Daley aims to make his own mark with mayoral campaign". The DePaulia. Retrieved 2020.
  38. ^ staff, Sun-Times (February 20, 2019). "Billionaire Ken Griffin doubles up on Bill Daley's campaign". Chicago Sun-Times. Retrieved 2019.
  39. ^ a b c Brown, Mark (February 27, 2019). "Joyce-Daley election theory just the latest urban legend in Chicago politics". Chicago Sun-Times. Retrieved 2019.
  41. ^ "2019 Municipal General - 2/26/19". Chicago Board of Elections. Retrieved 2020.

External links

Political offices
Preceded by
Mickey Kantor
United States Secretary of Commerce
Succeeded by
Norman Mineta
Preceded by
Pete Rouse
White House Chief of Staff
Succeeded by
Jack Lew

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.



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