James B. Lockhart

Harvard Business School Club of Connecticut - AMERICA: UNDERWATER & SINKING - Chat with the Author
2023-11-14 17:30 - 20:30 UTC | Bruce Museum, 1 Museum Drive, Greenwich, CT, 06830, United States
Our politicians’ polls are at an all-time low. Most Americans are frustrated with Washington. The country’s biggest program, Social Security, is only nine years away from insolvency, and two of the nation’s largest financial institutions, Fannie Mae and Freddie Mac, are well into their second decade of conservatorships as wards of the state. Based on his unique vantage point having managed four major government agencies Jim Lockhart (MBA ’74) offers solutions to solve some of our most pressing fiscal problems.
Join us on 11/14 at the Bruce Museum for an evening with Jim Lockhart, senior fellow at the Bipartisan Policy Center and co-chair of its Commission on Retirement Security and Personal Savings. Jim had a distinguished career in government and business and is the author of “America: Underwater and Sinking, Time to Surface with Lessons Learned” As an expert on Social Security and government finances (link to his biography), Jim will share ideas on ways to lessen its “huge fiscal burden,” better manage the government, and better serve the American people. After Jim’s opening remarks, he will take questions from alumni. Drinks and hors d’oeuvres will be served. Copies of Jim’s book will also be available at the event.
The fee for this event is $50 and pre-registration is required here.

2023 Concordia United States Summit
2023-11-07 | SAS INSTITUTE EXECUTIVE BRIEFING CENTER, 820 SAS Campus Dr, Cary, NC, 27513, United States
The 2023 Concordia United States Summit will gather public sector officials, leading business executives, and NGO leaders to identify market-led opportunities for innovation and growth in the U.S. As our nation looks toward the 2024 presidential election, this one-day domestic-focused summit will provide a crucial opportunity for cross-sector and bi-partisan collaboration. Convening in the Research Triangle, we look forward to drawing on three of the region’s highly-regarded educational, medical, and research universities, along with a robust network of institutions designed to support a diverse set of business ventures.

Confirmed speakers include: Dr. Jim Goodnight, CEO, SAS; Louis DeJoy, Postmaster General & CEO, United States Postal Service; Michelle Armstrong, Head of Philanthropy, Ares Management LLC and Executive Director, Ares Charitable Foundation; Jennifer Hankins, Managing Director, Tulsa Innovation Labs; Kunal Khatri, Deputy HM Trade Commissioner for North America, United Kingdom Department for Business and Trade; Eliot Metzger, Director, Sustainable Business & Innovation, World Resources Institute; and, James Lockhart, Senior Fellow, Bipartisan Policy Center.

Greenwich LOOK Literary Day
2023-06-28 | Field Club of Greenwich, 276 Lake Avenue, Greenwich, CT, 06830
Fairfield County LOOK hosts LOOK Literary – Authors’ Day in Greenwich & Trunk Show. Enjoy a full day of distinguished author panels!
James B. Lockhart III will discuss America: Underwater and Sinking at 4:45 p.m.
To attend, please RSVP to production@fairfieldcountylook.com.

America: Underwater & Sinking, A Fireside Chat with the Author hosted by the Bipartisan Policy Center
2023-04-04 17:30 - 19:30 | Bipartisan Policy Center, 1225 I Street Northwest #1000, Washington, DC, 20005, United States
Join us on April 4th for a fireside chat with the author, James B. Lockhart, and Steve Scully, Sr. VP of Communications at BPC, as they discuss ways to lessen this “huge fiscal burden,” better manage the government, and better serve the American people.
The finances of the U.S. Government are underwater, with Social Security on an unsustainable path, and two of the nation’s largest financial institutions, Fannie Mae and Freddie Mac, into their second decade of conservatorships.
Drawing on his long career in government and the private sector, author James B. Lockhart examines these financial challenges in “America: Underwater and Sinking, Time to Surface with Lessons Learned.”
Lockhart is a former submarine officer with the U.S. Navy, served in both Bush administrations, was Director of the Federal Housing Finance Agency, and went on to play a key role in the government’s response to the Global Financial Crisis as a member of the TARP Oversight Board. He is also a senior fellow at the Bipartisan Policy Center.
Reception 5:30 p.m.
Program 6:15 p.m.
Followed by a book signing

“America: Underwater and Sinking, Time to Surface with Lessons Learned” hosted by the RETIRED MEN'S ASSOCIATION OF GREENWICH, Inc.
2023-03-08 11:00 - 12:00 | First Presbyterian Church, 37 Lafayette Place, Greenwich, CT, 06830, United States
Jim Lockhart, RMA member, US Naval Officers, business executive, financial manager and high ranking government official, on his new book; “America: Underwater and Sinking: Time to Surface with Lessons Learned”
How solvent is the US government? Jim Lockhart will discuss the financial challenges facing our nation as presented in his just published book, America: Underwater and Sinking, Time to Surface with Lessons Learned. Lockhart, a former nuclear submarine officer, will speak about managing government agencies that are deeply underwater and how to help them and the government “surface.”
His account opens with a quote from Ben Bernanke, observing that the U.S. Government is “an insurance company with an Army.” There are over 150 government insurance entities accounting for two-thirds of the government’s expenditures. Few are based on sound insurance principles and are “underwater,” meaning their future costs are more than their future income. The unsustainable finances of the US government are underwater.
The next part of Bernanke’s quote was that the costs of healthcare and an aging society will be “a huge fiscal burden.” Drawing on his experiences running four major government insurance companies, Lockhart suggests ways to lessen the “huge fiscal burden,” to better manage the government, and to better serve the American people. Lockhart has had a long, distinguished career in the government and private sector.
–From 1989 to 2003, he was Executive Director of the Pension Benefit Guaranty Corporation, (PBGC).
–From 2002 to 2006 he was the Principal Deputy Commissioner/COO at Social Security.
–From 2006 to 2009, he was the Director of the Federal Housing Finance Agency (FHFA), regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, and its predecessor agency, OFHEO.
–He was also a member of the TARP Oversight Board with the Fed and SEC Chairs and Secretaries of Treasury and HUD which addressed the financial crisis of 2008-9.
His private sector experience includes serving on four public companies’ boards including Virgin Money in the UK. He co-founded a risk management firm and served in senior positions at a reinsurance company, an insurance broker, an investment bank and a major oil company. From 2009 to 2018 he was Vice Chair of WL Ross & Co., leading their financial services investments.
He is currently Chair of the Bruce Museum and a Senior Fellow at the Bipartisan Policy Center where he co-chaired a Commission on Retirement Security with former Senator Conrad (D-ND).
Jim graduated from Yale University (BA) and Harvard Business School (MBA)
