What to know about Stephen Miran, the promoter price

Fortune Senior editor Shawn Tully fills for Sheryl today. When Donald Trump announced yesterday that he designated Stephen Miran to fill a post on the Council of Fed governors, you might be forgiven to ask, WHO?

The 41 -year -old millennium, who presided over the Council of Economic Advisors under Trump 2.0, is hardly a familiar name, even if you run in economic circles. But as I detailed it at the beginning of the summer Fortune For an in-depth profile, Miran has become the best pro-Trump ideologist in Trump.

Last year, I wrote: “Miran was a virtual unknown in political and economic circles. He had worked in a variety of investment companies and had never been an academic. Number of possible solutions to fill the commercial difference in the American yawning. »»

This made him a sign of the head as president of the CEA, a position generally occupied by prestigious names torn from the best universities (Ben Bernanke, Jason Furman, Austan Goolsbee) or longtime agents of Washington (Jared Bernstein), or both. As I mentioned, “none of the dozens of economists questioned for this story had never met Miran, or heard of him before his ascent to direct the CEA. In a few cases, they groped his family name “Murr-Ann”, as often does television and podcast experts (right pronunciation: “ My-Run ”). “

As my sources have told me, Miran is a rarity, a highly qualified economist who knows all the jargon, absorbed studies by peers, brings an intellectual heft and pleads with logical consonance for the surprisingly contrary game plan of Trump. “To say the least, it is a relatively small basin of doctoral economists who are economic nationalists. It is a blinding reality. But Steve is one,” said someone outside the administration who knows him.

You can read the whole story and hear Miran himself, in history here. But given that Miran, if confirmed, will share the table with Trump Nemesis and the president of the Fed, Jerome Powell, one thing is certain: the CEOs, the financial directors and any person who looks closely will hear Stephen Miran this year.

Shawn Tully

Classification

Some notable movements this week:

Kevin D. Cook was appointed financial director of Bumble Inc. (Nasdaq: BMBL), in force on August 12. Cook succeeds Ronald J. Fior, who withdraws from his role as an interim financial director and who will play an advisory role until the end of August. COOK brings more than 30 years of experience in financial management to Bumble, after having served more recently as a financial director at Cloudra, Inc., he also occupied roles of vice-president of finance, business development and investors at Cloudera and as vice-president of strategic finance, the development of companies and companies at Barracuda Networks, Inc.

Costin Corneanu was appointed EVP and AMTRAK financial director, from August 4. Corneanu, who joined the company in 2020, has been an assistant financial director since January. He succeeds Tracie Winbigler, who will retire from Amtrak on January 1, 2026. Until then, Winbigler will remain in his role as executive vice-president as chief of transformation. Before joining Amtrak, Corneanu spent eight years in Spirit Airlines and four years in Us Airways.

Eric Christel was appointed EVP and financial director of Bloomin ‘Brands, Inc. (Nasdaq: Blmn), parent company, including Outback Steakhouse. Christel joined the company on August 4 for a transition period and will assume the role of financial director on September 8. The current director Michael Healy will assume the newly created role of the EVP, strategy and transformation. Christel brings nearly two decades of experience, including his role as vice-president and financial director of the Campbell company division and several leadership roles at Pepsico.

Michael Graham Was appointed financial director of Zoominfo (NASDAQ: GTM), a database and a business intelligence platform in Commerce, from August 1. O’Brien has been as an acting director since September 2024. Before that, he has occupied various roles to the company since December 2017, the most recently as VP of FP and since 2023. Kaseya.

Jennifer Fall Jung Was appointed financial director and sportsman of Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH), from August 18. Fall Jung has more than 25 years of experience, previously as executive vice-president and financial director of the Duckhorn consumer goods company, Inc. and CFO of Funko, Inc., a consumer goods company on a public scale.

Severe

An analysis of S&P Global Market Intelligence reveals that US American bankruptcies in July have reached their highest monthly total since 2020. Winning files of public and private enterprises increased to 71 in July, against 66 revised in June, marking the highest report in July 2020 for this period of bankruptcy of an up to date since 2010. Active of at least $ 2 million and private companies with at least $ 10 million assets or liabilities at the time of the deposit.

Go further

Here are four Fortune The weekend can be read:

“Doordash is worth 100 billion dollars thanks to the delivery of American restaurants. A much larger opportunity begins to appear” by Jason del Rey

“A light point for Tesla shareholders: as part of the new 27 billion dollars composition package from Elon Musk, their fate is now linked to its” Shawn Tully

“The CTO of Palantir has become a billionaire overnight thanks to the cargo of the actions – he is the fifth initiated of ia $ 411 billion to join the Ultra -Riche Club of Preston Fore

“Here is the memo of a page that Warren Buffett sent to his managers every two years for over 25 years” by Jessica Coacci

Heard

“I am quite special to make sure that what is happening in the recycling tank is in fact in the bac. Even with us, we have two daughters, 22 and 20, and they are rather good on this subject too.”

—Jim Fish, CEO of Fortune 500 Company WM (Waste Management), said in an interview during an episode of FortuneThe leadership of the Podcast Next.