Sheila C. Bair is the President of Washington College, a historic liberal arts school located on Maryland’s scenic Eastern Shore. Washington College was founded in 1782 as the first college chartered in the new nation. George Washington helped found it with a donation of 50 guineas and served on its governing board for five years before becoming the first president of the United States. The College is known for the high quality, intimate educational experience it provides undergraduates, and for its nationally recognized centers focused on the environment, American history, and literature. Ms. Bair assumed office at the College on August 1, 2015.
Ms. Bair is perhaps best known for her service as the 19th Chairman of the Federal Deposit Insurance Corporation for a five-year term, from June 2006 through July 2011. With the collapse and upheaval of U.S. and global markets as well as venerable financial institutions, Chairman Bair worked diligently both in front of and behind the scenes to bolster public confidence and financial system stability. Her extraordinary efforts and relentless dedication established her as an ardent advocate and innovator of policies to end the doctrine of too-big-to-fail and taxpayer bailouts.
Chairman Bair has been lauded for her fierce advocacy of the public interest in articles and editorials in the New York Times, the Wall Street Journal, the Guardian, Financial Times, and the New Yorker. As Time Magazine aptly stated in selecting her as one of its 100 most influential people, she has served as "the little guy's protector in chief." Additionally, Chairman Bair has received numerous honors and accolades for her pioneering work including the John F. Kennedy Profile in Courage Award and twice being named by Forbes Magazine as the second most powerful woman in the world after Germany's Angela Merkel. She has also penned a book about the financial crisis for young adults, which was released by Simon and Schuster in May of 2015.
Since leaving the FDIC, Chairman Bair has continued her work on financial policy issues as a Senior Advisor to the Pew Charitable Trusts. She chaired the Systemic Risk Council (SRC) a public interest group of prominent former government officials and leading financial experts which monitors progress on the implementation of financial reforms in the US. She is a founding board member of the Volcker Alliance, a non-profit organization established by former Federal Reserve Board Chairman Paul Volcker to promote more effective government. In addition, she serves on the prestigious International Advisory Council to the China Bank Regulatory Commission and is a board member of the Rand Corporation. She also serves on the boards of Host Hotels, Grupo Santander, ItBit and the Thomson Reuters Corporation.