Dennis M. Kelleher
Dennis Michael Kelleher | |
---|---|
Born |
Brockton, Massachusetts | August 12, 1957
Nationality | American |
Occupation | Lawyer |
Dennis Michael Kelleher (born August 12, 1957) is President and CEO of Better Markets, Inc., an independent nonpartisan(?) nonprofit organization based in Washington DC that promotes the public interest in the financial markets. He is an honor graduate of Harvard Law School and Brandeis University, after serving four years active duty in the United States Air Force as a firefighter in the 1970s. Kelleher was then a partner at the New York based international law firm of Skadden, Arps, Slate, Meagher & Flom, resigning from the partnership on two occasions to serve in three senior staff positions in the United States Senate.
Personal background
Dennis Michael Kelleher was born August 12, 1957 in Brockton, Massachusetts. He lived in Auburn, Massachusetts, until his parents divorced, when he moved with his mother to the Great Brook Valley public housing project in Worcester, Massachusetts.
Kelleher attended St. Peter’s High School in Worcester, Massachusetts for two years.
Military service
While a high school senior, Kelleher enlisted in the United States Air Force. He entered active duty on September 8, 1976 and attended basic training at Lackland Air Force Base in San Antonio, Texas, where, upon completion, he received an Honor Graduate ribbon on October 21, 1976. He then attended Fire Protection Specialist training school at the Chanute Air Force base in Rantoul, Illinois, graduating December 22, 1976, and entered service as a firefighter. In March 1977, Kelleher received a certificate in Fire and Arson Investigation at the Massachusetts Firefighting Academy from the Commonwealth of Massachusetts. He became a CPR instructor on October 10, 1977.
In May 1978, Kelleher graduated from Firefighter Rescue school at Chanute Air Force base. He received the Air Force Good Conduct Medal on September 7, 1979 and was appointed a noncommissioned officer in the grade of sergeant on March 1, 1980. Kelleher was honorably discharged from active duty on August 22, 1980. He completed his military service in the inactive reserve on April 23, 1982.
Education
While serving in the Air Force, Kelleher attended Middlesex Community College at night in Bedford, Massachusetts, and, immediately upon concluding active duty in August 1980, matriculated at Brandeis University in Waltham, Massachusetts.
Kelleher was a Brandeis University nominee for the Truman Scholarship for academic excellence and commitment to public service in 1981. He received a Criminal Justice Graduate Research Scholarship from the National Institute of Sentencing Alternatives in 1982. He was a featured speaker at an English Graduate Colloquium in 1983. Kelleher received an undergraduate Honors Research Scholarship and was a selected delegate at the Department of Defense Assembly on Innovation at the Air Force Academy in 1984.
Kelleher worked throughout college, including as a legislative aide to Massachusetts State Senator Carol Amick, when he drafted legislation on traffic safety, cable television and criminal justice matters. He was also a plainclothes retail security officer at a shopping mall outside of Boston, Massachusetts and worked for an ambulance company.
Kelleher was awarded a Bachelor’s Degree and graduated Phi Beta Kappa and magna cum laude in 1984 with Highest Honors in English and American Literature and in Politics from Brandeis University. He was awarded the I. Milton Sacks Politics Award and the Lester Martin Legal Studies Award for his senior honors thesis “Divining and Defining Meaning in Law and Literature: Strategies of Interpretation.” Upon graduation, he attended Harvard Law School, where he graduated cum laude in 1987.
Other activities
Kelleher has participated in a number of civic, charitable and political activities. He was a longtime volunteer at and founder of the annual gift drive for the then 1,100 residents at the Walter Fernald State School for the institutionalized mentally handicapped in Waltham, Massachusetts. He was a volunteer at and a member of the Advisory Board of My Sister’s Place, an advocacy center for homeless women and children in Boston, Massachusetts, as well as a volunteer at Women’s Lunch Place, a day-shelter for homeless women and children, also in Boston, Massachusetts. He was a member of the Board of Directors of the Germaine Lawrence School, a residential treatment center for adolescent girls in Arlington, Massachusetts.
An active alumnus at and supporter of Brandeis University, he was a member of the Board of Directors for the Alumni Association from 2006 to 2008.
He has also participated in a number of local, state and national political campaigns, including the Presidential campaigns of Senator Gary Hart (D-CO) in 1983–84 and again in 1987. Kelleher was elected to two four-year terms (1988-1996) to the Massachusetts Democratic State Committee from the fourth Middlesex District (Arlington, Billerica, Burlington, Lexington, Woburn). While a member of the state party, Kelleher was Chairman of the Rules Committee and a member of the Executive Committee, which was then under the leadership of Steven Grossman.
Kelleher currently serves on the Advisory Council of Represent.Us, a nonpartisan anti-corruption organization.[1]
Legal career and government service
Kelleher was a summer associate at the international law firm of Skadden, Arps, Slate, Meagher & Flom in 1986 while attending Harvard Law School and joined the firm as an associate upon graduation in 1987. His legal practice focused on corporate, securities, financial markets, corporate conduct, regulatory, accounting and employment related litigation and legal advice as well as mergers and acquisitions. He represented numerous clients in regulatory investigations and before regulators, the Securities and Exchange Commission in particular. He also conducted numerous internal corporate investigations on behalf of clients who discovered or suspected wrongdoing.
Skadden, Arps promoted Kelleher to partner in early 1996, but he resigned shortly thereafter to join Sen. Edward M. Kennedy's (D-MA) staff in the United States Senate in Washington D.C. He became Deputy Staff Director and General Counsel to what was then known as the Labor and Human Resources Committee, later renamed to Health, Education, Labor and Pensions (HELP) Committee.
At the Committee, Kelleher worked on economic issues, the Kennedy-Kassebaum Health Insurance Portability and Accountability Act, Food and Drug Administration reform, Fair Labor Standards Act, MedGuide legislation, patent extension reform, FAA reauthorization, union and labor provisions, among other issues and bills.
Kelleher returned to Skadden, Arps and his securities and financial markets litigation practice in 1997 until he resigned his partnership for the second time in early 2004. He returned to Washington as Legislative Director for Sen. Barbara Mikulski (D-MD), who was also the Secretary of the Senate Democratic Conference and a member of the Senate Select Committee on Intelligence. Kelleher had a top secret security clearance. In 2005, Kelleher joined the staff of Sen. Byron Dorgan (D-ND), who was Chairman of the Senate Democratic Policy Committee, as his Chief Counsel and Senior Leadership Advisor until he resigned in September 2010. Throughout his Senate service, Kelleher had responsibility for a broad portfolio of domestic and international matters, which also resulted in travel to Iraq, Egypt, United Arab Emirates, Saudi Arabia, Jordan and elsewhere.
Better Markets
Kelleher left the Senate staff in September 2010 to start Better Markets, which was founded earlier that year by Michael Masters. Better Markets (www.bettermarkets.com) is a nonpartisan, independent, 501c3 nonprofit organization that promotes the public interest in the capital and commodity markets, primarily in the US, but also in Europe and elsewhere. It focuses on the rulemaking and implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama in July 2010, as well as on public advocacy, litigation and research on financial markets and financial reform. As President and CEO, Kelleher leads a staff of 12 in DC, 2 in Brussels and 1 in London.
Kelleher’s work at Better Markets has been profiled in the New York Times (“Facing Down the Bankers”) and by the PBS show Need to Know (“Braking the Banks”). He was also featured in Frontline’s award-winning inside story of the global financial crisis (“Money, Power and Wall Street”), as well as in the German and French public television documentaries on the global financial collapse. He also frequently speaks on financial matters and is widely quoted in US and international media. Kelleher has also testified before the U.S. House of Representatives and the U.S. Senate on a wide range of topics. He has testified twice before the Senate Committee on Agriculture, on the Dodd Frank Wall Street Reform and Consumer Protection Act and on the Reauthorization of the Commodities Exchange Act. He has testified twice before the House Financial Services Committee, on the impact of the Dodd Frank law and on the Volcker Rule ban on proprietary trading. He also testified once before the House Natural Resources Committee on commodity prices and markets.
Interviews
- PBS Newshour interview with Jeffrey Brown on the Volcker Rule’s effects on the culture of Wall Street:
- Bloomberg TV interview with Betty Liu commenting on Wall Street’s war on reform:
- CNBC Closing Bell interview with John Harwood on the public’s view of Wall Street
- Bloomberg TV Street Smart interview with Trish Regan on capital standards for the biggest U.S. banks
- FOX Business News; Money with Melissa Francis on JP Morgan Chase and the London Whale loss:
- MSNBC Dylan Ratigan interview with Mike Mayo on JPMorgan’s London Whale loss:
- CNBC Asia interview with Ross Westgate on DOJ lawsuit against S&P:
- CNBC Closing Bell interview with Maria Bartiromo on who’s to blame for the financial crisis:
- FOX Business News interview with David Asman and Liz Claman on the Libor scandal:
- MSNBC Dylan Ratigan Show interview with Ari Melber on oil speculation and gas prices:
- PBS Newshour interview with Ray Suarez on 4th anniversary of collapse of Lehman Brothers:
- C-Span “Washington Journal” interview with Libby Casey on financial regulation
- CNBC interview with Maria Bartiromo on 5th anniversary of collapse of Lehman Brothers:
- Bloomberg TV interview with Betty Liu on cost of the crisis
- CNBC interview with Maria Bartiromo on high frequency trading:
- Bloomberg TV interview with Betty Liu on JP Morgan Chase’s London Whale loss
- CNBC Squawk Box interview with Andrew Ross Sorkin on JP Morgan Chase’s testimony at House Financial Services Committee hearing
References
- ↑ "About | Represent.Us". End corruption. Defend the Republic. Retrieved 2016-11-02.
- Money, Power and Wall Street, Frontline, April 24, 2012
- Annie Lowrey, Facing Down The Bankers, N.Y. Times, May 30, 2012
- Megan Thompson and Rick Karr, Braking The Banks, PBS, July 13, 2012