Jonathan Orszag is a Senior Managing Director and member of the Executive Committee of Compass Lexecon, LLC, an economic consulting firm. As a consultant, Orszag has conducted economic and financial analysis on a wide range of complex issues in antitrust, regulatory, policy, and litigation matters for corporations and public-sector entities. These engagements have involved a wide array of mergers and other economic matters in various markets, such as the sports, media, telecommunications, financial services, and high-tech industries. He has testified before the United States Congress, U.S. and international courts, the European Court of First Instance, and U.S. and international regulatory authorities on competition and economic policy issues. In 2004, Orszag was named by the Global Competition Review as the youngest member of “the world’s 40 brightest young antitrust lawyers and economists” in its “40 under 40” survey. In 2006, the Global Competition Review named Orszag as one of the world’s “Best Young Competition Economists.” Since 2007, Orszag has been named one of the foremost competition economists in The International Who’s Who of Competition Economists. Prior to entering the private sector, Orszag served as the Assistant to the U.S. Secretary of Commerce and Director of the Office of Policy and Strategic Planning. In this capacity, Orszag was the Secretary of Commerce’s chief policy adviser and was responsible for coordinating the development and implementation of policy initiatives, from telecommunications issues to international trade issues. Previously, Orszag served as an Economic Policy Advisor on President Clinton’s National Economic Council. In 1999, the Corporation for Enterprise Development awarded Orszag its leadership award for “forging innovative public policies to expand economic opportunity in America.” Orszag also serves as a member of the board of directors of JMP Group, Inc. (NYSE: JMP); the Friends of the Global Fight Against AIDS, Tuberculosis, and Malaria; and the Tiger Woods Foundation Board of Governors. Orszag received a M.Sc. from Oxford University, which he attended as a Marshall Scholar. He graduated summa cum laude in Economics from Princeton University, was elected to Phi Beta Kappa, and was named a USA Today All-USA College Academic Team. He is also a graduate of Phillips Exeter Academy.
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Recent statements by the heads of the Federal Trade Commission and Department of Justice suggest that new merger guidelines may replace the tried-andtested consumer welfare standard with a series of alternate goals. Proponents of such a shift see a need to promote goals other than consumer (...)