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William M. Daley | |
|---|---|
 Official portrait, 2011 | |
| 24thWhite House Chief of Staff | |
| In office January 13, 2011 – January 27, 2012 | |
| President | Barack Obama |
| Preceded by | Pete Rouse (acting) |
| Succeeded by | Jack Lew |
| 32ndUnited States Secretary of Commerce | |
| In office January 30, 1997 – July 19, 2000 | |
| President | Bill Clinton |
| Preceded by | Mickey Kantor |
| Succeeded by | Norman Mineta |
| Personal details | |
| Born | William Michael Daley (1948-08-08)August 8, 1948 (age 76) Chicago,Illinois, U.S. |
| Political party | Democratic |
| Spouse | Bernadette Keller |
| Children | 4 |
| Parents |
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| Relatives | John P. Daley (brother) Richard M. Daley (brother) Patrick Daley Thompson (nephew) Patrick R. Daley (nephew) |
| Education | Loyola University Chicago (BA) John Marshall Law School (Chicago) (JD) |
William Michael Daley (born August 8, 1948) is an American lawyer, politician and former banker who served as the 24thWhite House Chief of Staff from January 2011 to January 2012 under PresidentBarack Obama.[1] Prior to this, he served as the 32ndU.S. Secretary of Commerce from 1997 to 2000 under PresidentBill Clinton.[2]
He has also served on the executive committee ofJPMorgan Chase & Co.[1] He was a candidate forGovernor of Illinois in the2014 gubernatorial election until leaving of the race on September 16, 2013. He ran in the2019 Chicago mayoral election[3] but came in third in the first-round voting and did not get to the runoff. He served as thevice Chairman ofBNY Mellon from June through October 2019. From 2019 to 2023,[4][5] Daley served as the Vice Chairman of Public Affairs forWells Fargo.[4][6]
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William was born inChicago, the seventh and youngest child of the lateChicago MayorRichard J. Daley andEleanor "Sis" Daley. He is the brother of former Illinois legislatorJohn P. Daley and former Chicago mayorRichard M. Daley.[7]
He graduated fromSt. Ignatius College Prep in 1966, with aB.A. degree fromLoyola University Chicago, and aJ.D. degree fromJohn Marshall Law School.[8] Daley later accepted an honoraryDoctor of Law degree fromJohn Marshall Law School. He practiced law privately with the firm Daley and George, except for a duration of 3 years between 1977 and 1980, in which he sat on the Advisory Council of Economic Opportunity.[1]
He became associated with theAmalgamated Bank of Chicago, where he was firstvice chairman for 1 year (1989–1990) and then president andchief operating officer for 3 years (1990–1993).[9] Daley returned to the practice of law, as a partner with the firmMayer, Brown & Platt[10] from 1993 to 1997.
Daley was appointed to the board ofFannie Mae in 1993 by PresidentBill Clinton,[11][12] serving until 1997.
Daley wasU.S. Secretary of Commerce for 3 years from 1997 to 2000. Among other things, Secretary Daley helped usher in the age ofE-commerce,[vague] ran the2000 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 runAl Gore's campaign for president in 2000.[13]
In December 2001, Daley was appointed to a newly created position as President ofSBC Communications to help reform the company's image.[vague][14] In May 2004, Daley was appointed Midwest Chairman ofJPMorgan Chase,[1] following its acquisition ofBank One Corporation. In 2007, Daley was appointed as head of theCorporate Responsibility program, a position he held until 2010.[15] Daley formerly served on the Board of Directors ofBoeing,Merck & Co.,Boston Properties, andLoyola University Chicago. He is currently a trustee ofNorthwestern University and is a member of theCouncil on Foreign Relations. In 2010, he received theChicago History Museum "Making History Award" for Distinction in Civic Leadership. In 2014, he joinedArgentiere Capital as a managing partner.[10]
On November 7, 2019, it was announced that Daley had been appointed to serve as head ofPublic Affairs atWells Fargo effective November 13, 2019, and will also serve as one of the company's Vice Chairman.[16] His appointment went into effect as scheduled.[4][6]
Daley managed his brother Richard's successful campaign in the1980 Cook County State's Attorney election.[17] This victory helped establish the Daley family's enduring political influence inChicago andCook County politics. William Daley continued to play a key role in his brother's political campaigns and governance throughout Richard's tenure as Mayor of Chicago.[18]
In 1993, William M. Daley was appointedSpecial Counsel to President Bill Clinton. In this role, Daley was instrumental in advocating for and securing the passage of theNorth American Free Trade Agreement (NAFTA).[19][20] He coordinated efforts between theWhite House, members ofCongress, and private industry to ensurebipartisan support for the agreement. His work on NAFTA showcased his ability to navigate complex political landscapes and cemented his reputation as a skilled negotiator and policymaker.
In 1997, Daley was appointedSecretary of Commerce by President Clinton, serving until the end of Clinton’s second term in 2000. As Secretary, Daley focused on promoting U.S. exports, expanding trade opportunities, and fostering public-private partnerships to spur economic growth. One of his key accomplishments was working to enhance the United States competitive position in global markets by advocating for free trade policies and modernizing trade infrastructure.
Daley resigned as commerce secretary to become general chairman of Vice PresidentAl Gore'spresidential campaign, replacingTony Coelho.[21] He was portrayed in theHBO filmRecount, about theFlorida election recount of the 2000 presidential election, by actorMitch Pileggi.
During the 2008 Democratic presidential primaries, Daley was a prominent supporter ofBarack Obama. On November 5, 2008, Daley was named to the advisory board of theObama-Biden Transition Project.[22]
On January 6, 2011, PresidentBarack Obama named Daley as his nextWhite House Chief of Staff, and he took office on January 13, 2011. Daley succeededRahm 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 succeedDaley's brother asMayor of Chicago, andPete Rouse, who was serving as the interim chief of staff.
In March 2011, speaking for the Obama administration onMeet the Press, Daley said the administration would consider using theStrategic Petroleum Reserve if rising oil prices caused byArab 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.[23]
Daley was photographed in theWhite House Situation Room photograph taken on May 1, 2011, byPete Souza. Later in May 2011, he was part of the Presidential State Visit to the United Kingdom.[24]
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."[25]
On January 9, 2012, it was announced that Daley would resign as Obama's chief of staff.[26]Jack Lew was announced as his successor.
Just after the 2012 presidential election, in the November 8, 2012, issue of theChicago 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."[citation needed]
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."[citation needed]
On June 10, 2013, Daley announced viaYouTube that he would launch an exploratory committee to run for Governor of Illinois. On July 2, 2013, New York MayorMichael Bloomberg endorsed Daley for governor. On July 30, 2013, Daley filed documents declaring himself an official candidate to challenge incumbent GovernorPat 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.[27]
After the election, Bill Daley served as co-chair of the transition team for the incomingRauner Administration.[28]
In2018, Daley served as the head of finances for the campaign of gubernatorial candidateChris Kennedy.[29]
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.[30]
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 the1955,1959,1963,1967,1971, and the1975 elections. His brother won the1989,1991,1995,1999,2003, and the2007 elections, and was an unsuccessful candidate in the1983 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 the1979,1987,2011, or the2015 elections).
Among the positions Daley took was support of the city exploring the potential implementation of acommuter tax.[31] He also proposed reducing the size of theChicago City Council from 50 members to 15.[32]
Daley was one of four mayoral candidates (alongsideGery Chico,Susana Mendoza, andToni Preckwinkle) that had ties to AldermanEdward M. Burke, whose corruption scandal upended the race for mayor.[33][34][35][36] 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.[36]
Daley carried support from the city's business community.[37]
Daley's campaign received endorsements from the editorial boards of theChicago Tribune,Crain's Chicago Business, andThe Chicago Crusader.[38][39][40] He received the endorsement of Plumbers Local Union 130[41] He also received endorsements from politiciansAl Gore,Emil Jones,Joseph P. Kennedy II, andBobby Rush.[42][43][44][45]
Daley's campaign placed an emphasis on fundraising.[46] Daleyvastly out-fundraised his opponents. A significant financial contributor to Daley's campaign was Illinois billionaireKenneth C. Griffin.[47] Griffin's financial support of Daley's campaign proved controversial for Daley, largely because Griffin had also been a major financial backer of the failed2018 reelection campaign of Republican former Illinois governor Bruce Rauner.[46]
Daley's strong fundraising enabled him to run highly visible advertising.[46]
Daley ran a weaker field operation than some other candidates did.[48]
In the last several weeks of the campaign, Daley began to rise in the polls.[48] However, he also began to be the subject of attack ads run by the union-affiliated Fight Back for a Better TomorrowSuper PAC.[48] At the end of the election campaign, polls showed Daley having strong prospects of finishing near the top of the field.[36]
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.[49][50]
In 2010, Daley married Bernadette Keller.[51] Keller is an organ donor. She is a founding member and director of the Chicago Transplant Ethics Consortium.[52]
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.[51]
He has four children. His three adult children and three granddaughters all live in Chicago.[53]
| Political offices | ||
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| Preceded by | United States Secretary of Commerce 1997–2000 | Succeeded by |
| Preceded by | White House Chief of Staff 2011–2012 | Succeeded by |
| U.S. order of precedence (ceremonial) | ||
| Preceded byas Former US Cabinet Member | Order of precedence of the United States as Former US Cabinet Member | Succeeded byas Former US Cabinet Member |
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