Entries with tag obama administration.

Obama Nominates Telecom Investor as FCC Chief

US President Barack Obama has selected Tom Wheeler, a venture capitalist with considerable experience in the country’s telecommunication industry, to head the Federal Communications Commission (FCC).  The appointment must now be approved by the US Senate. Wheeler is managing director of Core Capital Partners, a Washington, D.C. investment firm. He was CEO of the Cellular Telecommunications and Internet Association between 1992 and headed the National Cable Television Association from 1979 to 1984. Both associations are trade organizations. He also reportedly raised more than $700,000 for Obama’s two presidential election campaigns. If approved, Wheeler would replace Julius Genachowski, who resigned in March after four years as FCC chair. Some telecommunications watchdog groups are concerned that, given Wheeler’s previous experience, he might favor businesses over consumers. If approved, Wheeler would face a pending and very complicated US communications-spectrum auction. Obama appointed FCC member Mignon Clyburn as interim chair until Wheeler’s nomination is finalized. (The New York Times)(TIME)

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