Sunday, February 7, 2016

Philly's Vague invests marketing fortune in US policy

Paul Volcker, Larry Summers, Peter Schiff, Ron Rubin among the insiders Richard Vague (Energy Plus Holdings, First USA Bank) will bring to a March 14 "economic summit" in D.C.

Philly's Vague invests marketing fortune in US policy


Consumer marketing ace and Rittenhouse Square-area resident Richard W. Vague, who with his minority partners collected $190 million for last year's sale of his West Philly-based Energy Plus Holdings to NRG Energy Inc., plus previous fortunes as boss of what are now the Chase and Barclaycard credit card empires, has plowed profits into a couple of local projects: Gabriel Investments, the angel fund that backs TicketLeap and Careerminds; and the Governor's Woods Foundation, which funds Vague's educational work - including his longtime opposition to the Iraq and Afghanistan wars, and a March 14 "Economic Summit" in Washington DC that includes a real Who's Who of speakers:

- Paul Volcker, ex-head of the Federal Reserve
- Peter Schiff, boss at Euro Pacific Capital, adviser to Rep. Ron Paul, and a stern Fed critic
- Lawrence Summers, ex-Treasury Secretary and Obama adviser
- Robert Rubin, ex-Treasury Secretary and former Goldman Sachs and Citigroup officer
- Annette Nazareth, corporate lawyer and ex-SEC commissioner
- Sheila Bair, ex-FDIC chief, now senior adviser to Pew Charitable Trusts
- Allan H. Meltzer, historian who's focused on the Fed, professor at Carnegie Mellon
- Laura D'Andrea Tyson and Gene Sperling, aides to Clinton and Obama
- Yves Smith, publisher, Naked Capitalism
- Paul McCulley, ex-boss at PIMCO investments, now at Global Interdependence Center
- Peter Hooper, Deutsche Bank
- Craig Alexander, TD Bank
- Thomas Palley, AFL/CIO
- Ed Rendell, ex-PA Governor

And others

Moderated by Vague and by James Clemons, editor of The Atlantic magazine

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
Also on
letter icon Newsletter