You are here: Fairness.com > Resources > James A. Johnson

James A. Johnson


Self Description

February 2006: "Mr. Johnson has been a Vice Chairman of Perseus, L.L.C., a merchant banking and private equity firm, since April 2001. From January 2000 to March 2001, he served as Chairman and Chief Executive Officer of Johnson Capital Partners, a private investment company. From January through December 1999, he was Chairman of the Executive Committee of Fannie Mae, having previously served as its Chairman and Chief Executive Officer from February 1991 through December 1998 and its Vice Chairman from 1990 through February 1991. Mr. Johnson is on the boards of the following public companies in addition to Goldman Sachs: Gannett Co., Inc., KB Home, Target Corporation, Temple-Inland, Inc. and UnitedHealth Group Inc. In addition, he is affiliated with certain non-profit organizations, including as Chairman Emeritus of the John F. Kennedy Center for the Performing Arts, as a member of each of the American Academy of Arts and Sciences, the American Friends of Bilderberg, the Council on Foreign Relations and The Trilateral Commission, and as an honorary trustee of The Brookings Institution."

http://www.gs.com/our_firm/corporate_information/the_leaders/board_of_directors/james_a_johnson.html

Third-Party Descriptions

June 2011: "Morgenson and Rosner write with barely suppressed rage, as if great crimes are being committed. But there are no crimes. This is how Washington works. Only two of the characters in this tale come off as egregiously immoral. Johnson made $100 million while supposedly helping the poor. Representative Barney Frank, whose partner at the time worked for Fannie, was arrogantly dismissive when anybody raised doubts about the stability of the whole arrangement."

http://www.nytimes.com/2011/06/17/opinion/17brooks.html

February 2006: "The report confirms publicly what many current and former executives at Fannie Mae have long described in private: a culture in which dissent was frowned upon, arrogance ruled, information was hoarded. To some extent, it was a culture that predated Franklin D. Raines, who became chief executive in 1999 after James Johnson retired. In fact, some of the accounting irregularities date to Johnson's watch."

http://www.washingtonpost.com/wp-dyn/content/article/2006/02/23/AR2006022302076.html

Relationships

RoleNameTypeLast Updated
Member of (past or present) Council on Foreign Relations (CFR) Organization Feb 24, 2006
Director/Trustee/Overseer (past or present) Gannett Co. Organization Feb 24, 2006
Director/Trustee/Overseer (past or present) Goldman Sachs Group Organization Feb 24, 2006
Director/Trustee/Overseer (past or present) KB Home Organization Feb 24, 2006
Organization Executive (past or present) Perseus Organization Feb 24, 2006
Director/Trustee/Overseer (past or present) Target Corporation Organization Feb 24, 2006
Member of (past or present) Trilateral Commission Organization Feb 24, 2006
Director/Trustee/Overseer (past or present) UnitedHealth Group Organization Feb 24, 2006
Research/Analysis Subject Joshua "Josh" Rosner Person Jun 17, 2011

Articles and Resources

Date Fairness.com Resource Read it at:
Jun 16, 2011 Who Is James Johnson?

QUOTE: Morgenson and Rosner write with barely suppressed rage, as if great crimes are being committed. But there are no crimes. This is how Washington works. Only two of the characters in this tale come off as egregiously immoral. Johnson made $100 million while supposedly helping the poor.

 New York Times
Feb 24, 2006 Growth of Financial Manager's Power 'Undermined' Checks and Balances

QUOTE: The Sarbanes-Oxley Act of 2002 required audit committee members on boards of directors to do exactly what Gerrity did in calling Rajappa: get the facts himself. Gerrity, a seasoned executive, wanted to know more about criticism he was hearing from Fannie regulators about outdated, non-integrated accounting systems that required corrections to be typed in by hand. But to Howard, who tightly controlled what -- and how -- information was presented to the board, such end runs were a threat to his authority.

 Washington Post