Bair, Sheila C.
- 2006-2011 Chairman of the FDIC
- 2008 and 2009 Forbes Magazine’s second most powerful woman in the world
- Awarded the John F. Kennedy Profile in Courage Award and Hubert H. Humphrey Civil Rights Award
Chairman Bair has an extensive background in banking and finance in a career that has taken her from Capitol Hill, to academia, to the highest levels of government. Before joining the FDIC in 2006, she was the Dean’s Professor of Financial Regulatory Policy for the Isenberg School of Management at the University of Massachusetts-Amherst since 2002. While there, she also served on the FDIC’s Advisory Committee on Banking Policy.
As FDIC Chairman, Ms. Bair has presided over a tumultuous period in the nation’s financial sector. Her innovations have transformed the agency with programs that provide temporary liquidity guarantees, increases in deposit insurance limits, and systematic loan modifications to troubled borrowers. Ms. Bair’s work at the FDIC has also focused on consumer protection and economic inclusion. She has championed the creation of an Advisory Committee on Economic Inclusion, seminal research on small-dollar loan programs, and the formation of broad-based alliances in nine regional markets to bring underserved populations into the financial mainstream.
Since becoming FDIC Chairman, Ms. Bair has received a number of prestigious honors. Among them, in 2009 she was named one of Time Magazine’s “Time 100” most influential people; awarded the John F. Kennedy Profile in Courage Award; and received the Hubert H. Humphrey Civil Rights Award. In 2008, Chairman Bair topped The Wall Street Journal’s annual 50 “Women to Watch List.” In 2008 and 2009, Forbes Magazine named Ms. Bair as the second most powerful woman in the world after Germany’s Chancellor Angela Merkel. Bair received a bachelors’s degree in philosophy and a law degree, both from KU. She has been described as “an inspiring role model whose accomplishments have opened the doors for all women.”